125 W Hill Street, OXNARD, CA 93033 (MLS# 22-1562)

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125 W Hill Street, OXNARD, CA 93033

$4,725,000

Property Type: Res Inc Status: Closed

Current Price: $4,725,000 List Date: 5/16/2022 Last Modified: 9/15/2024

Overview

Description

The Villa Salvador Apartments features 20 units spread out over nearly 1 acre in a convenient central Oxnard location 2 blocks south of 5 Points. Layout includes 2 buildings, an onsite laundry room and 20 individually enclosed garages. Great unit mix with (16) 2BD/1BA and (4) 1BD/BA apartments. Separately metered for gas and electricity. Dual pane windows. Improvements of note include new roof, repair of downspouts and trim painting all done within the last 2 years. Current rents are approximately 16% below market allowing for a new owner to increase net operating income over time, subject to local oxnard rent control

Listing Details MLS# 22-1562

Location Info

District: 00 - VENTURA
Street #: 125
Dir: W
Street Name: Hill
Street Suffix: Street
State: CA
Country: US
Postal Code: 93033
County: Ventura
Parcel Number: 203-0-080-200
Cross Street: Saviers

Contract Info

Price: 4900000
Financing: CTEL
Buyers Agent $/%: 2.5
Begin Date: 2022-05-16

Status Information

Sold Date: 2022-08-29
Under Contract Date: 2022-05-20

Property Information

Number of Units: 20
Year Built: 1964
Recurring Fees: No

Remarks

Hot Sheet Comment: new

Owner Info

Deposit: 3

More Information

Miscellaneous

Parking Spaces: 20

Unit 1

# Units: 16
# Bedrooms: 2
# Baths: Yes
Furnished: N
Rent: 1539
Monthly Total: 24624
# Half Baths: 0

Unit 2

# Units: 4
# Bedrooms: Yes
# Baths: Yes
Furnished: N
Rent: 1275
Monthly Total: 5100
# Half Baths: 0

Meters

Sep Meter Wtr: N
Sep Meter Elec: Y
Sep Meter Gas: Yes

Neighborhood/Schools

Elementary School: Other
Junior High School: Other
High School: Other

Income/Expenses

Total Monthly Income: 29730
Other Income: 200
Annual Income: 359160
Gross Rent Multiplr: 13.6
Capitalization Rate: 4.1

Zoning

Other: Yes

Terms

Conventional: Yes

Listing Type

ER: Yes

Property Features

Zoning: Other Terms: Conventional Listing Type: ER

Listing Office: Beachside Partners

Last Updated: September - 15 - 2024

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