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1300 Isleton Place

Oxnard, CA 93030
  • $1,400,000
  • STATUS: Closed
  • ON SITE: 232 Days
  • MLS #: 23-2987
Sold - 04/16/2024
$1,400,000
SOLD - 04/16/2024
  • 0
    BEDS
  • 0.18
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1980
County:
Area:

School Information

Elementary School:
Middle School:
High School:
Listing provided courtesy of Apartment Investment Specialists.

Description

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 (currently at $100,440/year, but will be $109,458 in July 2024 after rent increases go into effect and with tenants reimbursing the owner for water/sewer utility cost), 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.

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© 2024 Santa Barbara Multiple Listing Service. All rights reserved. Based on information from the Santa Barbara MLS as of 2024-05-23T23:47:09.663. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Data last updated 2024-05-23T23:47:09.663.
www.karinamatic.com/homes/144087219
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1300 Isleton Place Oxnard, CA 93030

  • Price: $1,435,000
  • Status: Closed
  • On Site: 232 Days
  • MLS #: 23-2987
0
Beds
0
Baths
0
½ Baths
0.18
Acres
1980
Built
Neighborhood:
Ventura
County:
Ventura
Area:
Ventura
Elementary School:
Other
Middle School:
Other
High School:
Other
Property Description
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 (currently at $100,440/year, but will be $109,458 in July 2024 after rent increases go into effect and with tenants reimbursing the owner for water/sewer utility cost), 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.
Interior Features

Unit1 Baths 2 Unit1 Bedrooms 3 Unit1 Half Baths 0 Unit2 Baths 1 Unit2 Bedrooms 2 Unit2 Half Baths 1 Unit3 Baths 1 Unit3 Bedrooms 2 Unit3 Half Baths 1 Unit4 Baths 1 Unit4 Bedrooms 2 Unit4 Half Baths 0

Property Features

Terms Cash Yes Zoning R-4

Listing information © 2024 Santa Barbara MLS
Listing provided courtesy of Apartment Investment Specialists: (805) 320-6646.



© 2024 Santa Barbara Multiple Listing Service. All rights reserved. Based on information from the Santa Barbara MLS as of 2024-05-23T23:47:09.663. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Data last updated 2024-05-23T23:47:09.663.
 
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Berkshire Hathaway HomeServices California Properties
3868 State St.
Santa Barbara CA, 93105
Listing provided courtesy of Apartment Investment Specialists.