NOT LISTED FOR SALE
12 Beds
6 Baths
750 Sq Ft
7,000 Sq Ft Lot

Last Sold August 14, 2014

Last sale price $920,000 $1,227 Per Sq Ft

12 Days on Market

Highlights

  • Property is near park
  • Parking Storage or Cabinetry
  • South Facing Home
  • Laundry Room
  • 6 Detached Carport Spaces
  • 1-minute walk to Community Center Park East

About This Home

As of August 2014

Great investment opportunity in a superb location near Community Center Park. All 6-Units are 2 Bedrooms & 1 Bathroom. Long term, timely paying, great tenants. Rents are 3-Units at $1200/month, 1-Unit at $1196/month,1-Unit at $1095/month rent, 1-Unit rented at $715/month in exchange for on site management. Laundry income is $120/month. New roof installed in 2013, newer carpets and paint in 3-units, newer cook-tops & garbage disposals have been installed in 3-units. Lower Units have Quick Release Window Security Bars. All 6-units had new tubs & tile installed in 2011. Some Units had pipes redone in 2010. The exterior of the building recently had a fresh coat of paint.

Last Agent to Sell the Property

Karen Hoffberg

Coldwell Banker Realty License #00463205 Listed on: 06/17/2014

Coldwell Banker Realty

Co-Listed By

Katherine Freibergs

Coldwell Banker Realty License #01906203

Last Buyer's Agent

Non Member

Non Member Office

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,093

Year Built

  • Built in 1965

Lot Details

  • 7,000 Sq Ft Lot
  • Property fronts an alley
  • South Facing Home
  • Rectangular Lot
  • Level Lot

Parking

  • 6 Car Garage
  • 6 Detached Carport Spaces
  • Parking Storage or Cabinetry
  • Parking Available
  • On-Street Parking

Home Design

  • Property Attached
  • Slab Foundation
  • Frame Construction
  • Shingle Roof
  • Composition Roof
  • Stucco

Kitchen

  • Gas Oven
  • Gas Cooktop
  • Disposal

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 6 Bathrooms

Utilities

  • Wall Furnace
  • Overhead Utilities

Additional Features

  • Carpet
  • Laundry Room
  • Property is near park

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Assessor Parcel Number 2020152335

Community Details

Overview

  • 6 Units
  • Oxnard: Other 0031 Subdivision

Amenities

  • Laundry Facilities

Building Details

  • 7 Separate Electric Meters
  • 7 Separate Gas Meters
  • 7 Separate Water Meters
  • Fuel Expense $672
  • Gardener Expense $600
  • Insurance Expense $1,987
  • Maintenance Expense $500
  • Professional Management Expense $2,259
  • Trash Expense $780
  • Water Sewer Expense $5,172
  • New Taxes Expense $10,000
  • Operating Expense $20,378
  • Gross Income $79,272
  • Net Operating Income $58,894

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,093

Year Built

Built in 1965

Lot Details

0

Parking

6

Listing Details

  • CapRate: 6.00
  • Inclusions: Ovens/ranges, washers/dryers.
  • Professional Management Expense: 2259.00
  • Property Attached: Yes
  • Road Frontage Type: Alley, City Street
  • Road Surface Type: Paved
  • Security: Window Bars
  • Subdivision Name Other: Oxnard: Other - 0031
  • Water Sewer Expenses: 5172.00
  • Zoning: R3
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 2020152335
  • Year Built: 1965
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

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

Exterior Features

  • Direction Faces: South
  • Foundation: Slab
  • Roof: Composition, Shingle
  • Construction Materials: Frame, Stucco

Garage/Parking

  • Carport Spaces: 6.00
  • Garage Spaces: 6.00
  • Parking: Yes
  • Parking Features: Built-In Storage, Carport, Covered, Detached Carport, Private, Street
  • Total Parking Spaces: 12.00

Utilities

  • Utilities: Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Disposal, Gas Cooktop, Gas Oven
  • Heating Type: Wall Furnace
  • Laundry Features: Common Area, Community
  • Trash Expense: 780.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Sidewalks

Green Features

  • Green Location: Transportation, Walkability

Lot Info

  • Land Lease: No
  • Lot Features: Level, Park Nearby, Rectangular Lot, Utilities - Overhead
  • Lot Size Sq Ft: 7000.00
  • Lot Size Acres: 0.1600

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average2 Bed Area: 715 Square Feet
  • Fuel Expense: 672.00
  • Gross Income: 79272.00
  • Gross Multiplier: 12.50
  • Insurance Expense: 1987.00
  • Laundry Equipment Own Lease: Own
  • Laundry Income: 120.00
  • Lot Size Area: 7000.0000 Square Feet
  • Maintenance Expense: 500.00
  • Net Operating Income: 58894.00
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 7
  • Number Of Separate Water Meters: 7
  • Number Of Units Total: 6
  • Number With Carpet: 3
  • Number With Disposal: 6
  • Number With Range: 6
  • Total Expenses: 20378.00

Tax Info

  • New Taxes Expense: 10000.00
  • Tax Annual Amount: 3093.00

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
08/14/2014 08/14/14 Sold $920,000 -7.5% $1,227 / Sq Ft
06/29/2014 06/29/14 Pending -- -- --
06/17/2014 06/17/14 For Sale $995,000 -- $1,327 / Sq Ft
Source: Ventura County Regional Data Share

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 $13,434 $1,105,694 $324,495 $781,199
2024 $13,434 $1,084,014 $318,132 $765,882
2023 $12,945 $1,062,759 $311,894 $750,865
2022 $12,556 $1,041,921 $305,778 $736,143
2021 $12,456 $1,021,492 $299,783 $721,709
2020 $12,687 $1,011,019 $296,710 $714,309
2019 $12,330 $991,196 $290,893 $700,303
2018 $12,157 $971,762 $285,190 $686,572
2017 $11,538 $952,709 $279,599 $673,110
2016 $11,135 $934,029 $274,117 $659,912
2015 $11,253 $920,000 $270,000 $650,000
2014 $2,101 $163,340 $23,901 $139,439
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Ventura County Regional Data Share

MLS Number: V0-214010618

Ventura County Regional Data Share