1300 Isleton Place

Oxnard, CA 93030

$1,400,000
Last Sold Price
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Beds
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Sq. Ft.
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per Sq. Ft.

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'')...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.
  1. Listed by Craig Lieberman • DRE #00682741 • Apartment Investment Specialis

Property Details for 1300 Isleton Place

Subdivision Name
Not Applicable
Garage Spaces
4.00
View
None

Location

Listing Courtesy of Apartment Investment Specialis, Craig Lieberman, DRE #00682741

Sold By Realty Matters, Alfredo Almada, DRE #00966311

Add your commute
LISTING UPDATED: 04/16/2024 12:06 PM

Property Details for 1300 Isleton Place

StatusClosed
MLS #V1-20305
Days on Market173
Taxes-
HOA Fees$592 / month
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1980
Lot Size0.18 AC / 7,722 SF
CountyVentura County

Location

Listing Courtesy of Apartment Investment Specialis, Craig Lieberman, DRE #00682741

Sold By Realty Matters, Alfredo Almada, DRE #00966311

Add your commute

Building Information for 1300 Isleton Place

Stories-Residences-Year Built1980Building Size-Lot Size0.18 AC / 7,722 SF

Payment Calculator

$9,341 per month

30 year fixed, 7.25% Interest

Principal and Interest

$7,640

Property Taxes

$1,109

HOA Dues

$592

The Payment Calculator is for illustrative purposes only.

Property Information for 1300 Isleton Place

Summary
Location and General Information
  • Community Features: Sidewalks, Street Lights
  • City: Oxnard
  • Directions: Located near the corner of S Ventura Road and West 7th Street
  • Area: VC34 - Oxnard - SE
  • Unparsed Address: 1300 Isleton Place, Oxnard, CA 93030
Parking
  • Parking Features: Garage
Taxes and HOA Information
  • Association Amenities: Insurance
  • AssociationFeeFrequency: Monthly
  • Association Fee: $592.00
  • Association Name: The Management Trust
  • Association Phone: 8054965514
  • Tax Other Annual Assessment Amount: $.00
Virtual Tour
  • Videos Count: 0
Property
Lot Information
  • Lot Features: Sprinklers None
  • Lot Size Acres: .18
  • Lot Size Square Feet: 7,722.00
  • Lot Size Area: 7,722.00
  • Lot Size Units: Square Feet
  • Parcel Number: 2020243045
  • Zoning: R-4
  • Property Type: Residential Income
Property and Assessments
  • Common Walls: Detached/No Common Walls
  • Documents Count: 1
  • Property Attached: No
  • Year Built Source: Public Records
  • Senior Community: No
Utilities
  • Cooling: None
  • Cooling: No
  • Water Sewer Expense: $3,500.00
Interior and Exterior Features
Exterior Features
  • Fencing: None
  • Pool Features: None
  • Pool Private: No
  • Pool: No
  • Spa Features: None
  • Spa: No
Interior Features
  • Appliances: None
  • Total Bathrooms: 0
  • Fireplace Features: None
  • Fireplace: No
  • Heating: Wall Furnace
  • Heating: Yes
  • Laundry Features: None
  • View: No
Multi Family
Multi-Family Information
  • Gross Scheduled Income: $100,440.00
  • Net Operating Income: $70,800.00
  • Insurance Expense: $2,050.00
  • Number Of Buildings: 2
  • Operating Expense: $29,640.00
  • Special Listing Conditions: Standard
  • Trash Expense: $2,000.00
Rental
Rental Information
  • Rent Control: Yes

Property History for 1300 Isleton Place

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1300 Isleton Place

Taxable ValueLand$624,240Additions$471,246Total$1,095,486
Tax Record2023$13,311 ($1,109 / month)
Home Facts
Total Finished SqFt3,975 SqFtAbove Grade Finished SqFt3,975 SqFtLot Size7,722 SqFtStyleQuadraplexYear Built1980ZoningR4PDCountyVENTURAAPN202-0-243-045

Schools near 1300 Isleton Place

This home is within Oxnard Union High School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Emilie Ritchen Elementary School
PublicK to 5

Pacifica High School
Public9 to 12

Condor High
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Apartment Investment Specialis, Craig Lieberman, DRE #00682741

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.