NOT LISTED FOR SALE

Estimated Value: $957,000 - $1,145,000

2 Beds
2 Baths
1,161 Sq Ft
$911/Sq Ft Est. Value

Last Sold September 14, 2021

Last sale price $785,000 $676 Per Sq Ft

Est. 35% increase in value since last sale

Current estimated payment $6,358/month

18 Days on Market

About This Home

As of September 2021

We are proud to present 332 Cahuenga Drive located in the highly sought-after pocket of Silver Strand Beach in Oxnard, California, which is south of the Channel Islands Harbor and a very short 0.3 mile walk to the beach. The 1,161 sq ft property sits on a 1,750 sq ft of land with an average unit size of 581 sq ft.This very rare, 2-unit property has a unit mix comprised of (2) 1-Bed / 1-Bath units. The downstairs unit has a small, fenced private yard/garden area & the upstairs unit has a private sun porch and spacious deck above the garage. Each unit has the utilities included in the monthly rental payments and comes with at least one designated parking spot on site with additional garage space. In accordance with the new Accessory Dwelling Unit (ADU) program California has rolled out, a new buyer can convert the garage space into an attached ADU adding a third unit to the property thus generating extra income and increasing the resale value. Additionally, an investor can Airbnb the units for an estimated $150 a night per unit. The building is currently professionally managed and maintained with a new roof & new water heater that have been upgraded in the past year. The upstairs kitchen was remodeled about 5 years ago with new hardwood floors, refrigerator, granite countertops along with a new hood and stove top. The only main deferred maintenance item t

Last Agent to Sell the Property

Filip Niculete

Marcus & Millichap License #01905352 Listed on: 06/21/2021

Last Buyer's Agent

Filip Niculete

Marcus & Millichap License #01905352 Listed on: 06/21/2021

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1960

Lot Details

  • 1,750 Sq Ft Lot

Parking

  • Converted Garage

Interior Spaces

  • 1,161 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 206-0-315-095

Property Details

Home Type

Multi-Family

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 1161
  • Lot Acreage: 0.0402
  • Stories: 2
  • Year Built: 1960
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 2
  • Total Bathrooms: 2.00
  • Price Per S Q F T: 667.53

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: Converted Garage

Lot Info

  • Assessed Improvement Percent: 55.65
  • Assessed Improvement Value: 123154
  • Assessed Land Percent: 44.35
  • Assessed Land Value: 98161
  • Total Assessed Value: 221315
  • Assessor Parcel Number: 206-0-315-095
  • Lot Size Area: 1750

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 21.39
  • Number Of Units: 2
  • Type Of Units: units

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 21, 2021
Closed on
Jul 19, 2021
Sold by
Anthony Denise and Silverman Linda S
Bought by
Maida Nadim and The Maida Family Trust
Seller's Agent
Filip Niculete
Marcus & Millichap
Buyer's Agent
Filip Niculete
Marcus & Millichap
List Price
$775,000
Sold Price
$785,000
Premium/Discount to List
$10,000
1.29%
Current Estimated Value
$1,057,967

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$272,967
Avg. Annual Appreciation
7.24%
Original Mortgage
$570,000
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 7, 2004
Sold by
Silverman Linda S
Bought by
Silverman Linda S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,000
Interest Rate
5.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 26, 1998
Sold by
Deochoa Eddie W and Anthony Denise M
Bought by
Deochoa Eddie W and Anthony Denise M
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Maida Nadim $785,000 Clearmark Title Co
Anthony Denise -- Clearmark Title Co
Silverman Linda S -- Clearmark Title Co
Silverman Linda S -- --
Deochoa Eddie W -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Maida Nadim $570,000
Previous Owner Silverman Linda S $125,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/14/2021 09/14/21 Sold $785,000 +1.3% $676 / Sq Ft
07/09/2021 07/09/21 Pending -- -- --
06/21/2021 06/21/21 For Sale $775,000 -- $668 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $9,775 $833,048 $657,949 $175,099
2024 $9,775 $816,714 $645,048 $171,666
2023 $9,286 $800,700 $632,400 $168,300
2022 $9,026 $785,000 $620,000 $165,000
2021 $2,637 $223,606 $99,177 $124,429
2020 $2,605 $221,315 $98,161 $123,154
2019 $2,569 $216,977 $96,237 $120,740
2018 $2,483 $212,723 $94,350 $118,373
2017 $2,392 $208,552 $92,500 $116,052
2016 $2,320 $204,464 $90,687 $113,777
2015 $2,263 $201,395 $89,326 $112,069
2014 -- $197,452 $87,577 $109,875
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 21-751748

The MLS

APN: 206-0-315-095