1300 Isleton Place
1300 Isleton Place
$1,400,000
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Closed 4/16/24
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.
- Listed by Craig Lieberman • DRE #00682741 • Apartment Investment Specialis
Property Details for 1300 Isleton Place
Subdivision Name
Not Applicable
Garage Spaces4.00
ViewNone
Location
LISTING UPDATED: 04/16/2024 12:06 PM
Property Details for 1300 Isleton Place
Status | Closed |
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MLS # | V1-20305 |
Days on Market | 173 |
Taxes | - |
HOA Fees | $592 / month |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1980 |
Lot Size | 0.18 AC / 7,722 SF |
County | Ventura County |
Location
Building Information for 1300 Isleton Place
Stories-Residences-Year Built1980Building Size-Lot Size0.18 AC / 7,722 SF
Payment Calculator
$9,341 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 1300 Isleton Place
Property History for 1300 Isleton Place
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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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.
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