1300 ISLETON PL, Oxnard, CA 93030 Multi Family For Sale MLS# V1-20305 $1435000

Detailed Information

LISTED SITE
  • Type: Private

  • Price: $1,435,000

  • Location: Oxnard, California, CA

  • Address: 1300 ISLETON PL, CA

  • Zip: 93030

  • Property size: 7718 square feet

  • Condition: Used

This 4-plex is comprised of (1) 3 Bed / 2 Bath; (2) 2 Bed / 1.5 Bath, and (1) 2 Bed / 1 Bath.

The financial strength of this property is the most obvious highlight with its strong rents in place ($100,440/year), a critical element for Oxnard residential income properties that are subject to the recently adopted Rent Stabilization Ordinance (''RSO'')

limiting annual rent increases to 4% of each preceding base rents, thereby making this property maintain a distinct advantage over most other comparable 4-plexes in the Oxnard residential income market. Another strong advantage this property holds is its year built (1980), which likely makes property maintenance costs much less likely to occur than most other 4plexes sold or available for sale that were built earlier.

See proforma with seller carry details in the documents section.

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1310 HULL PL, OXNARD, CA 93030 Multi Family For Sale  MLS# 23-2621
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1310 HULL PL, OXNARD, CA 93030 Multi Family For Sale MLS# 23-2621
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Seller will consider carrying Loan!

Terms to include 7% interest rate with $700,000 down This 4-plex is comprised (1) 3 Bed / 2 Bath; (2) 2 Bed / 1.5 Bath, and (1) 2 Bed / 1 Bath. The financial strength of this property is the most obvious highlight with its strong rents in place ($101,220/year), a critical element for Oxnard residential income

properties that are subject to the recently adopted Rent Stabilization Ordinance (''RSO'') that caps the annual rent growth to 4% of unit base rents, making this property have a distinct advantage over most other comparable 4-plexes in the Oxnard residential income market.

See seller proforma in the documents section. In fact, when considering all other Oxnard 4plexes sold since the beginning of 2021, this property generates more than 25% higher annual income than the next highest income-generating ($79,860) 4plex sold in the Oxnard market during that period. Another strong advantage 1310 Hull Place holds over its property piers is the fact that it was constructed in 1980 and would be expected to suffer less maintenance costs than most other of the comparable 4plexes.

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1324 W Iris St, Oxnard, CA 93033 MLS# V1-20998 for Sale
Oxnard, CA
Dec 18, 2023

Spacious 6-Bedroom, 3-Bath Home with Versatile Living Options in Sunny South Oxnard, California!

Discover the ideal property with room to spare! Nestled in South Oxnard, this residence boasts an impressive 6 bedrooms and 3 full baths, offering ample space for your unique needs. What sets this home apart is its versatility, as it's divided into

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