NOT LISTED FOR SALE
3 Beds
3 Baths
4,336 Sq Ft
8,100 Sq Ft Lot

Last Sold October 29, 2020

Last sale price $1,450,000 $334 Per Sq Ft

7 Days on Market

Highlights

  • In Ground Pool
  • Laundry Room
  • Wall Furnace
  • 0.19 Acre Lot
  • 6 Car Garage

About This Home

As of October 2020

Location, location, location.....Here is your chance to own a six (6) unit multi-family investment within a short walk to the beach. Building features six (6) individual units containing one (1) bedroom and one (1) bath each, pool, laundry room, assigned 1 car garages, and separate electric meters. Property is located in the much sought after Mandalay Shores area of Oxnard, which is walking distance to the beach, Oxnard Beach Park and close to shopping, restaurants and the marina.

Last Agent to Sell the Property

Michael Preis

RE/MAX One License #01360798 Listed on: 09/04/2020

RE/MAX One

Last Buyer's Agent

Michael Preis

RE/MAX One License #01360798 Listed on: 09/04/2020

RE/MAX One

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1965

Lot Details

  • 8,100 Sq Ft Lot
  • Property fronts an alley
  • Two or More Common Walls

Parking

  • 6 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Apartment
  • Flat Roof Shape
  • Slab Foundation
  • Stucco

Interior Spaces

  • 4,336 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Leased Washer and Dryer

Pool

  • In Ground Pool
  • Fence Around Pool

Utilities

  • Wall Furnace

Listing and Financial Details

  • Tax Lot 110
  • Tax Tract Number 127701
  • Assessor Parcel Number 1910240115

Community Details

Recreation

  • Water Sports

Building Details

  • 6 Leased Units
  • 7 Separate Electric Meters
  • Electric Expense $8,719
  • Gardener Expense $980
  • Insurance Expense $2,700
  • Maintenance Expense $3,000
  • Other Expense $900
  • Pest Control $586
  • Pool Expense $2,500
  • Professional Management Expense $4,305
  • New Taxes Expense $15,899
  • Operating Expense $40,306
  • Gross Income $83,517
  • Net Operating Income $43,211

Additional Features

  • 6 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1965

Lot Details

0

Parking

6

Listing Details

  • CapRate: 3.32
  • Professional Management Expense: 4305.00
  • Property Attached: Yes
  • Road Frontage Type: Alley, City Street
  • Subdivision Name Other: Mandalay Shores
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 980.00
  • Parcel Number: 1910240115
  • Year Built: 1965
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 334.41

Exterior Features

  • Foundation: Slab
  • Pool Expense: 2500.00
  • Pool Features: Private, Fenced, In Ground
  • Pool Private: Yes
  • Roof: Flat
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 6.00
  • Parking: Yes
  • Parking Features: Assigned, Garage
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Available, Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Common Area
  • Pest Control Expense: 586.00
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Watersports, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Walkstreet
  • Lot Size Sq Ft: 8100.00
  • Lot Size Acres: 0.1860

Multi Family

  • Electric Expense: 8719.00
  • Gross Multiplier: 15.10
  • Gross Operating Income: 83517.00
  • Gross Scheduled Income: 86100.00
  • Insurance Expense: 2700.00
  • Laundry Equipment Own Lease: Lease
  • Laundry Income: 80.00
  • Lot Size Area: 8100.0000 Square Feet
  • Maintenance Expense: 3000.00
  • Net Operating Income: 43211.00
  • Number Of Separate Electric Meters: 7
  • Number Of Units Leased: 6
  • Number Of Units Total: 6
  • Number With Disposal: 6
  • Number With Patio: 6
  • Operating Expense: 40306.00
  • Other Expense: 900.00
  • Other Expense Description: reserves
  • Rent Control: No
  • Total Actual Rent: 7095.00
  • Total Expenses: 40306.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 15899.00
  • Tax Census Tract: 36.09
  • Tax Lot: 110
  • Tax Tract Number: 127701

Range of Values:

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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 Change Sq Ft Price
10/29/2020 10/29/20 Sold $1,450,000 +11.5% $334 / Sq Ft
09/11/2020 09/11/20 Pending -- -- --
09/04/2020 09/04/20 For Sale $1,300,000 -- $300 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR20181787

California Regional Multiple Listing Service (CRMLS)

APN: 191-0-240-115