NOT LISTED FOR SALE
8 Beds
5 Baths
3,624 Sq Ft
8,153 Sq Ft Lot

Sale Details

Date Sold: April 6, 2012

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

33 Days on Market

Highlights

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

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 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

8,153 Sq Ft Lot

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
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $7,741 $646,853 $345,409 $301,444
2024 $7,741 $634,170 $338,636 $295,534
2023 $7,286 $621,736 $331,996 $289,740
2022 $7,136 $609,546 $325,487 $284,059
2021 $7,225 $597,595 $319,105 $278,490
2020 $7,357 $591,470 $315,834 $275,636
2019 $7,137 $579,874 $309,642 $270,232
2018 $6,875 $568,505 $303,571 $264,934
2017 $6,652 $557,359 $297,619 $259,740
2016 $6,335 $546,432 $291,784 $254,648
2015 $6,433 $538,226 $287,402 $250,824
2014 $6,317 $527,684 $281,773 $245,911
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Ventura County Regional Data Share

MLS Number: V0-12003181

Ventura County Regional Data Share
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