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
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
More Information MLS# 22-1562
Location Info
Country: US
Cross Street: Saviers
District: 00 - VENTURA
Street #: 125
Dir: W
Street Name: Hill
Street Suffix: Street
State: CA
Postal Code: 93033
County: Ventura
Parcel Number: 203-0-080-200
Contract Info
Financing: CTEL
Buyers Agent $/%: 2.5
Current Price: $4,725,000
Price: 4900000
Begin Date: 2022-05-16
Status: Closed
Property Information
Year Built: 1964
Recurring Fees: No
Number of Units: 20
Neighborhood/Schools
Elementary School: Other
Junior High School: Other
High School: Other
Owner Info
Deposit: 3
Remarks
Hot Sheet Comment: new
Miscellaneous
Parking Spaces: 20
Unit 1
# Units: 16
# Bedrooms: 2
# Baths: 1
# Half Baths: 0
Furnished: N
Rent: 1539
Monthly Total: 24624
Income/Expenses
Total Monthly Income: 29730
Other Income: 200
Annual Income: 359160
Gross Rent Multiplr: 13.6
Capitalization Rate: 4.1
Unit 2
# Units: 4
# Bedrooms: 1
# Baths: 1
# Half Baths: 0
Furnished: N
Rent: 1275
Monthly Total: 5100
Zoning
Other: 1
Terms
Conventional: 1
Listing Type
ER: 1
Meters
Sep Meter Wtr: N
Sep Meter Elec: Y
Sep Meter Gas: Yes
Status Information
Sold Date: 2022-08-29
Sold Price: $4,725,000
Under Contract Date: 2022-05-20
Property Features
Zoning: Other
Terms: Conventional
Listing Type: ER
Listing Office:
Beachside Partners
Last Updated: September - 15 - 2024
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