Seller's Agent in 2025
Jose Luiz Morales
eXp Realty of California Inc
(805) 317-7814
5 in this area
399 Total Sales
8
Beds
8
Baths
3,456
Sq Ft
7,680
Sq Ft
Highlights
- Traditional Architecture
- Wood Frame Window
- Accessible Parking
- Wood Flooring
- Double Pane Windows
- Detached Carport Space
About This Home
As of August 2023This well-maintained 8-unit apartment complex is a prime opportunity for investors seeking strong, stable returns and long-term upside. Currently bringing in $193,560 annually with a solid 6% cap rate, the property also offers tremendous expansion potential--up to 8 additional ADUs, allowing for a total of 16 rentable units.Each existing unit features 1 bedroom and 1 bathroom, along with designated parking, ensuring privacy and convenience for tenants. Utilities are individually metered for gas and electricity, while the owner covers water and trash, making management straightforward.A newer roof reduces long-term maintenance costs, and the property sits in a high-demand rental location near schools, parks, and essential amenities--highly attractive to tenants.With a recent appraisal of $2,250,000, this property offers exceptional value in a strong rental market. Whether you're an experienced investor looking to expand your portfolio or making your first multifamily acquisition, this is a turnkey opportunity not to be missed.
Last Agent to Sell the Property
eXp Realty of Greater LA License #01506128 Listed on: 06/16/2023
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,000
Year Built
- Built in 1940
Lot Details
- 7,680 Sq Ft Lot
- 1 Common Wall
- Northeast Facing Home
- Block Wall Fence
- Chain Link Fence
- No Sprinklers
Parking
- 8 Car Garage
- Detached Carport Space
- Parking Available
Home Design
- Traditional Architecture
- Property Attached
- Fixer Upper
- Shingle Roof
- Pre-Cast Concrete Construction
Interior Spaces
- 3,456 Sq Ft Home
- Double Pane Windows
- Wood Frame Window
- Window Screens
- Fire and Smoke Detector
- Gas Oven
Flooring
- Wood
- Vinyl
Bedrooms and Bathrooms
- 8 Bedrooms
- 8 Bathrooms
Utilities
- Wall Furnace
- Standard Electricity
Additional Features
- Accessible Parking
- Rain Gutters
Listing and Financial Details
- Tax Tract Number 32
- Assessor Parcel Number 2010122160
Community Details
Overview
- 2 Buildings
- La Colonia Subdivision
Building Details
- Rent Control
- 8 Separate Gas Meters
- 8 Separate Water Meters
- Insurance Expense $1,500
- Trash Expense $7,200
- Operating Expense $5,000
- Gross Income $84,600
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Jan 30, 2025
Sold by
Almaguer Santiago and Almaguer Carolina
Bought by
Garfield 23 Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,350,000
Outstanding Balance
$1,341,677
Interest Rate
6.72%
Mortgage Type
New Conventional
Purchase Details
Listed on
Jun 16, 2023
Closed on
Jun 30, 2023
Sold by
Irene Y Reyes 2018 Trust and Martha A Ysais 2021 Revocable Trust
Bought by
Almaguer Santiago and Almaguer Carolina
Seller's Agent
Ernesto Vargas
eXp Realty of Greater LA
Buyer's Agent
Ernesto Vargas
eXp Realty of Greater LA
List Price
$1,400,000
Sold Price
$1,390,000
Premium/Discount to List
-$10,000
-0.71%
Views
36
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,042,500
Interest Rate
6.71%
Mortgage Type
New Conventional
Purchase Details
Closed on
Feb 8, 2021
Sold by
Ysais Ronald and Leo J Ysais 2016 Revocable Tru
Bought by
Ysais Martha A and The Martha A Ysais 2021 Revoca
Purchase Details
Closed on
Mar 14, 2018
Sold by
Reyes Irene
Bought by
Reyes Irene Y
Purchase Details
Closed on
Feb 2, 2010
Sold by
Nielson Lindsey
Bought by
Ysais Leo and Reyes Irene
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
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Garfield 23 Llc | -- | Fidelity National Title Compan | |
| Almaguer Santiago | $1,390,000 | Priority Title | |
| Ysais Martha A | -- | None Available | |
| Reyes Irene Y | -- | None Available | |
| Ysais Leo | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Garfield 23 Llc | $1,350,000 | |
| Previous Owner | Almaguer Santiago | $1,042,500 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/14/2025 10/14/25 | Price Changed | $1,899,999 | -5.0% | $550 / Sq Ft |
| 07/15/2025 07/15/25 | Price Changed | $1,999,000 | -4.8% | $578 / Sq Ft |
| 07/11/2025 07/11/25 | For Sale | $2,099,000 | 0.0% | $607 / Sq Ft |
| 06/26/2025 06/26/25 | Pending | -- | -- | -- |
| 06/16/2025 06/16/25 | For Sale | $2,099,000 | +51.0% | $607 / Sq Ft |
| 08/17/2023 08/17/23 | Sold | $1,390,000 | -0.7% | $402 / Sq Ft |
| 06/15/2023 06/15/23 | For Sale | $1,400,000 | -- | $405 / 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 | $17,208 | $1,417,720 | $612,000 | $805,720 |
| 2024 | $17,208 | $1,390,000 | $600,000 | $790,000 |
| 2023 | $5,460 | $441,926 | $214,915 | $227,011 |
| 2022 | $1,115 | $83,074 | $6,879 | $76,195 |
| 2021 | $1,106 | $81,446 | $6,745 | $74,701 |
| 2020 | $1,124 | $80,613 | $6,677 | $73,936 |
| 2019 | $1,095 | $79,034 | $6,547 | $72,487 |
| 2018 | $1,081 | $77,485 | $6,419 | $71,066 |
| 2017 | $1,025 | $75,967 | $6,294 | $69,673 |
| 2016 | $992 | $74,478 | $6,171 | $68,307 |
| 2015 | $1,002 | $73,361 | $6,079 | $67,282 |
| 2014 | $992 | $71,926 | $5,961 | $65,965 |
Source: Public Records
Agents Affiliated with this Home
-
Jose Luiz Morales
-
Ernesto Vargas
Seller's Agent in 2023
Ernesto Vargas
eXp Realty of Greater LA
(805) 746-0861
6 in this area
62 Total Sales
Source: Ventura County Regional Data Share
MLS Number: V1-18599
APN: 201-0-122-160
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