$1,432,800
$1,450,000
1.2%For more information regarding the value of a property, please contact us for a free consultation.
1310 Hull PL Oxnard, CA 93030
7,348 Sqft Lot
Key Details
Sold Price $1,432,800
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Oxnard: Other - 0035
MLS Listing ID V1-19825
Sold Date 01/19/24
Condo Fees $592
HOA Fees $592/mo
HOA Y/N Yes
Year Built 1980
Lot Size 7,348 Sqft
Property Description
Seller will consider carrying Loan!Terms to include 7% interest rate with $700,000 down.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 ($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.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 peers 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.See seller carry profroma in the documents section.
Location
State CA
County Ventura
Area Vc35 - Oxnard - Northeast
Rooms
Ensuite Laundry None
Interior
Laundry Location None
Heating Wall Furnace
Cooling None
Fireplaces Type None
Fireplace No
Laundry None
Exterior
Garage Garage
Garage Spaces 4.0
Garage Description 4.0
Fence None
Pool None
Community Features Street Lights, Sidewalks
Amenities Available Electricity, Management
View Y/N No
View None
Parking Type Garage
Total Parking Spaces 4
Private Pool No
Building
Lot Description Sprinklers None
Others
HOA Name The Management Trust
Senior Community No
Tax ID 2020242035
Energy Description 1900.0
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Financing Cash
Special Listing Condition Standard
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Bought with Gary Schoeffler • Berkshire Hathaway HomeServices California Properties