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Key Details
Sold Price $594,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID V0-13013346
Sold Date 12/23/13
HOA Y/N No
Property Description
Best Cash Flow Opportunity for 4 units on the market. 6.15% cap rate, 10.5 x gross. Tenants pay all utilities! 4 detached homes on 1 lot in La Colonia area of Oxnard. Extensively rehabbed over the last 3 years including, but not limited to: 80% of walls taken down to studs, re-wiring and plumbing upgrades and new fixtures, electrical, doors, exterior painting. Interiors received new flooring, trim, paint and more. Tenants pay ALL utilities (electric, gas, water and trash separately metered) giving new owner a low expense investment. (2)-car garage not presently being used offers extra income potential. Unit mix is 3 bed, 1 bath house; (2) 2 bed, 1 bath homes and a 1 bed, 1 bath home. Front 2 houses have small front yards. In addition to garage there are 4 uncovered parking spaces in rear.
Location
State CA
County Other County
Area Vc31 - Oxnard - Northwest
Zoning R2
Interior
Heating SeeRemarks
Cooling SeeRemarks
Flooring SeeRemarks
Fireplace No
Exterior
Garage Garage
Utilities Available WaterConnected
View Y/N No
Roof Type SeeRemarks
Accessibility None
Private Pool No
Building
Story One
Entry Level One
Level or Stories One
Others
Senior Community No
Tax ID 2010141190
Acceptable Financing CashtoNewLoan
Listing Terms CashtoNewLoan
Financing Conventional
Special Listing Condition Standard
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Bought with Tom Contreras • Ca Home Sellers & Buyers
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Terrance Scotton, Broker Associate
Broker Associate | License ID: 01707848 NMLS: 908256
Broker Associate License ID: 01707848 NMLS: 908256