$1,545,830
$1,600,000
3.4%For more information regarding the value of a property, please contact us for a free consultation.
7,501 Sqft Lot
SOLD DATE : 09/10/2024
Key Details
Sold Price $1,545,830
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Oxnard: Other - 0034
MLS Listing ID V1-24475
Sold Date 09/10/24
HOA Y/N No
Year Built 1964
Lot Size 7,501 Sqft
Property Description
This Oxnard fourplex in turnkey condition after being renovated to studs in 2021 is comprised of (1) 2 BD / 1 BA; (2) 2 BD / 1.5 BA; and (1) 3BD / 2 BA unit. This property generates exceptionally strong annual rents of $126,984. This amount representing close to $50,000 more than the average Oxnard 4Plex income.Seller willing to carry $850,000 of the purchase price at the below-market rate of 6.5% subject to interest-only monthly payments. Such beneficial loan terms can only enhance cash flow compared to a higher market rate bank loan that requires principal payments.
Location
State CA
County Ventura
Area Vc34 - Oxnard - Southeast
Interior
Heating Wall Furnace
Cooling None
Fireplaces Type None
Fireplace No
Appliance Gas Oven
Laundry Laundry Room
Exterior
Parking Features Door-Multi, Garage
Garage Spaces 4.0
Garage Description 4.0
Fence Wrought Iron
Pool None
Community Features Street Lights, Sidewalks
View Y/N No
View None
Total Parking Spaces 4
Private Pool No
Building
Lot Description Sprinklers None
Others
Senior Community No
Tax ID 2220082445
Energy Description 2000.0
Acceptable Financing Cash, Cash to New Loan, 1031 Exchange
Listing Terms Cash, Cash to New Loan, 1031 Exchange
Financing Cash
Special Listing Condition Standard
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Bought with Garry Eberhardt • RE/MAX Gold Coast-Beach Office
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "