NOT LISTED FOR SALE

501 E 1st St Oxnard, CA 93030

La Colonia Neighborhood
5 Beds
4 Baths
2,098 Sq Ft
7,405 Sq Ft Lot

Last Sold December 03, 2021

Last sale price $889,900 $424 Per Sq Ft

18 Days on Market

About This Home

As of December 2021

BEST investment ROI in Ventura County!This multi-unit offering brings in $64,000 annually for only $869k!!.... Only 13 x's gross in VTA CTY?...wow! PLUS... tenants pay ALL UTILITIES & yard care! All separate structures... no shared walls... good conditioned units... 3 units in front, & offers an additional 4th unit ADA bringing the income higher! No better income for the price anywhere.Will sell fast - hurry!

Last Agent to Sell the Property

Patrick Collet

Balboa Real Estate License #01334651 Listed on: 09/17/2021

Balboa Real Estate

Last Buyer's Agent

May Motamedi

Realty America Group License #01262095

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1948

Lot Details

  • 7,405 Sq Ft Lot
  • No Common Walls
  • No Sprinklers

Home Design

  • 2,098 Sq Ft Home
  • Quadruplex

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Parking

  • 4 Parking Spaces
  • Parking Available
  • Driveway
  • On-Street Parking

Additional Features

  • Gas Oven
  • Laundry Room
  • Exterior Lighting
  • No Heating

Listing and Financial Details

  • Tax Tract Number 32
  • Assessor Parcel Number 2010122120

Community Details

Overview

  • 4 Buildings
  • Colonia Homes Gardens 0337 Subdivision

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 3 Separate Water Meters
  • Insurance Expense $1,685
  • Maintenance Expense $4,000
  • New Taxes Expense $10,400
  • Operating Expense $18,317
  • Gross Income $64,344
  • Net Operating Income $46,027

Property Details

Home Type

Multi-Family

Year Built

Built in 1948

Lot Details

0

Listing Details

  • Assessments: No
  • CapRate: 5.29
  • Property Attached: No
  • Subdivision Name Other: Colonia
  • View: No
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 2010122120
  • Year Built: 1948
  • Special Features: None

Interior Features

  • Fireplace: No
  • Common Walls: No Common Walls
  • Appliances: Yes
  • Price Per Square Foot: 414.54

Exterior Features

  • Fence: No
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Driveway, Street
  • Total Parking Spaces: 4.00

Utilities

  • Sprinklers: No
  • Heating: No
  • Laundry: Yes
  • Appliances: Gas Oven
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Street Lights

Lot Info

  • Land Lease: No
  • Lot Features: Sprinklers None
  • Lot Size Sq Ft: 7405.00
  • Lot Size Acres: 0.1700

Multi Family

  • Gross Income: 64344.00
  • Gross Multiplier: 13.50
  • Gross Scheduled Income: 64344.00
  • Insurance Expense: 1685.00
  • Lot Size Area: 7405.0000 Square Feet
  • Maintenance Expense: 4000.00
  • Net Operating Income: 46027.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 3
  • Operating Expense: 18317.00
  • Other Expense Description: Vacancy 4% = $2232
  • Rent Control: No
  • Total Expenses: 18317.00

Tax Info

  • New Taxes Expense: 10400.00
  • Tax Tract Number: 32.01
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
12/03/2021 12/03/21 Sold $889,900 +2.3% $424 / Sq Ft
09/17/2021 09/17/21 For Sale $869,700 -- $415 / Sq Ft
Source: Ventura County Regional Data Share

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 $11,463 $944,475 $604,889 $339,586
2024 $11,463 $925,956 $593,028 $332,928
2023 $11,044 $907,800 $581,400 $326,400
2022 $10,712 $890,000 $570,000 $320,000
2021 $1,198 $191,662 $134,878 $56,784
2020 $2,353 $189,698 $133,496 $56,202
2019 $2,286 $185,979 $130,879 $55,100
2018 $2,253 $182,333 $128,313 $54,020
2017 $2,139 $178,759 $125,798 $52,961
2016 $2,064 $175,255 $123,332 $51,923
2015 $2,084 $172,625 $121,481 $51,144
2014 $2,051 $169,246 $119,102 $50,144
Source: Public Records

Agents Affiliated with this Home

  • Patrick Collet

    Seller's Agent in 2021

    Patrick Collet

    Balboa Real Estate

    (805) 302-6070

    1 in this area

    15 Total Sales

    Patrick Collet
    Section Image

  • M

    Buyer's Agent in 2021

    May Motamedi

    Realty America Group

    (818) 788-9000

    1 in this area

    15 Total Sales

    May Motamedi
    Section Image
See All Agents

Map

Source: Ventura County Regional Data Share

MLS Number: V1-8461

Ventura County Regional Data Share

APN: 201-0-122-120

California Ventura County Oxnard 93030 La Colonia

501 E 1st St, Oxnard, CA

Not Listed for Sale

MultiFamily

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Ventura County Regional Data Share IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

Nearby Homes