1300 Isleton Place
Oxnard, CA 93030
- – beds
- – baths
- – sqft
- 7,722 sqft lot
- 1980 build
- – on site
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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. 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.Property management is in the process of notifying tenants that tenants will now be reimbursing the landlord 100% of the water/sewer and trash expense. This is in addition to any possible rent increase that may occur in the short-term future.
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Last updated Apr 17, 2024
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MLS# V1-20305 —
Walk Score®
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Bike Score®
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Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
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Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
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Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
3/29/24
Mar 29, 2024
|
BRIDGE | $1,435,000 | ||
|
10/4/23
Oct 4, 2023
|
Listed / Active | CRMLS_CA | $1,435,000 | 82.8% (10.4% / YR) |
|
10/13/15
Oct 13, 2015
|
CRMLS_CA | $785,000 |