NOT LISTED FOR SALE

4647 Terrace Ave Oxnard, CA 93033

Terrace Estates Neighborhood
8 Beds
5 Baths
3,624 Sq Ft
8,153 Sq Ft Lot

Last Sold April 06, 2012

Last sale price $515,000 $142 Per Sq Ft

33 Days on Market

Highlights

  • Contemporary Architecture
  • Views
  • Forced Air Heating System
  • Fireplace
  • Laundry Room
  • East Facing Home

About This Home

As of April 2012

Well maintained, fully occupied 4-plex, low vacancy. Not a short sale or an REO, but a normal sale. Close to Oxnard College - not far from beaches, USN CBC, lots of shopping and schools. Front 3 bedroom owners' home with large fenced back yard, two 2 bedroom townhouses, with large fenced back yards, and penthouse 1 bedroom with large deck. $60k+ Annual Gross. Each has a garage too. Note: Assessor shows property as 4645 Terrace! Existing loan about $240k @ 5.25% 8 years remain on 15 year term. Buyer may be able to assume loan. Buyer to co-operate with seller in a possible 1031 exchange. Seller is a licensed CA real estate broker.

Last Agent to Sell the Property

Burkhard Moll

Hardy Moll Realty, Inc. License #00358736 Listed on: 03/03/2012

Last Buyer's Agent

May Motamedi

Realty America Group License #01262095

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,011

Year Built

  • Built in 1974

Lot Details

  • 8,153 Sq Ft Lot
  • Lot Dimensions are 60 x 136
  • Property fronts an alley
  • East Facing Home

Parking

  • 4 Car Garage
  • Parking Available
  • Driveway

Home Design

  • Contemporary Architecture
  • Slab Foundation
  • Frame Construction
  • Shingle Roof
  • Composition Roof
  • Stucco

Interior Spaces

  • Fireplace
  • Carpet
  • Property Views

Kitchen

  • Gas and Electric Range
  • Range Hood
  • Disposal

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 5 Bathrooms

Laundry

  • Laundry Room
  • Laundry Located Outside
  • Leased Washer and Dryer

Outdoor Features

  • Exterior Lighting

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 16
  • Assessor Parcel Number 2210027255

Community Details

Overview

  • 4 Units
  • (805) 985 9878 Association
  • N.A. HOA
  • Other 0011 Subdivision

Building Details

  • 5 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Electric Expense $300
  • Fuel Expense $1,500
  • Gardener Expense $1,500
  • Insurance Expense $1,400
  • Maintenance Expense $6,340
  • Other Expense $5,113
  • New Taxes Expense $5,011
  • Operating Expense $19,346
  • Gross Income $61,500
  • Net Operating Income $42,180

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,011

Year Built

Built in 1974

Lot Details

0

Parking

4

Listing Details

  • CapRate: 8.00
  • Improvements Percent: 53.00
  • Property Attached: No
  • Road Frontage Type: Alley
  • Road Surface Type: Alley Paved
  • Subdivision Name Other: Other - 0011
  • View: Yes
  • Zoning: R3PD
  • Architectural Style: Contemporary
  • Property Type: Residential Income
  • Gardener Expense: 1500.00
  • Parcel Number: 2210027255
  • Year Built: 1974
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Flooring: Carpet
  • Appliances: Yes
  • Levels: Two

Exterior Features

  • Direction Faces: East
  • Foundation: Slab
  • Roof: Composition, Shingle
  • Spa: No
  • Construction Materials: Frame, Stucco

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Driveway
  • Total Parking Spaces: 7.00

Utilities

  • Utilities: Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas & Electric Range, Disposal, Range Hood, Gas Water Heater
  • Heating Type: Forced Air, Natural Gas
  • Laundry Features: Outside
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights
  • Association Management: n.a.
  • Association Management 2: (805) 985-9878

Lot Info

  • Land Lease: No
  • Lot Size: 60 x 136
  • Lot Size Sq Ft: 8153.00
  • Lot Size Acres: 0.1872

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average1 Bed Area: 745 Square Feet
  • Average2 Bed Area: 918 Square Feet
  • Average3 Bed Area: 1032 Square Feet
  • Electric Expense: 300.00
  • Fuel Expense: 1500.00
  • Gross Income: 61500.00
  • Gross Multiplier: 9.00
  • Gross Operating Income: 61500.00
  • Gross Scheduled Income: 5125.00
  • Gross Spendable Income: 5125.00
  • Insurance Expense: 1400.00
  • Laundry Equipment Own Lease: Lease
  • Laundry Income: 1200.00
  • Lot Size Area: 8153.0000 Square Feet
  • Maintenance Expense: 6340.00
  • Maintenance Percent: 10.00
  • Net Operating Income: 42180.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Number With Disposal: 4
  • Number With Patio: 4
  • Operating Expense Percent: 31.00
  • Other Expense: 5113.00
  • Other Expense Description: YES
  • Other Income Description: laundry commission
  • Total Actual Rent: 61527.00
  • Total Expenses: 19346.00

Tax Info

  • New Taxes Expense: 5011.00
  • Tax Lot: 16
  • Tax Rate: 1.00
  • Tax Tract: 1610-2 bk 39 pg 71/72
  • Tax Annual Amount: 5011.00
  • Tax Year: 2011

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/06/2012 04/06/12 Sold $515,000 -8.8% $142 / Sq Ft
04/05/2012 04/05/12 Pending -- -- --
03/03/2012 03/03/12 For Sale $565,000 -- $156 / Sq Ft
Source: Ventura County Regional Data Share

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Burkhard Moll

    Seller's Agent in 2012

    Burkhard Moll

    Hardy Moll Realty, Inc.

    (805) 985-9878

    27 Total Sales

    Burkhard Moll
    Section Image

  • M

    Buyer's Agent in 2012

    May Motamedi

    Realty America Group

    (818) 788-9000

    16 Total Sales

    May Motamedi
    Section Image
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Map

Source: Ventura County Regional Data Share

MLS Number: V0-12003181

Ventura County Regional Data Share
California Ventura County Oxnard 93033 Terrace Estates

4647 Terrace Ave, Oxnard, CA

Not Listed for Sale

MultiFamily

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