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.
MLS #
CRV1-20305
MLS Source
California Regional MLS
Buyer's Brokerage Compensation*
2.50
Kitchen
None
Laundry
None
Cooling
None
Heating
Wall Furnace
Pool
None
Garage/Parking
Garage, Garage: 4 Car(s)
HOA Fee
$592
# Buildings | # Leased Units | # Total Units |
---|---|---|
2 | – | 4 |
1300 Isleton Pl is a Residential Income in Oxnard, CA 93030. This – square foot property sits on a 7,722 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $1,400,000 and was built in 1980.
This address can also be written as 1300 Isleton Pl, Oxnard, CA 93030.©2024 California Regional MLS. All rights reserved. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information provided is for personal, non-commercial use by the viewer and may not be redistributed without explicit authorization from California Regional MLS.
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This listing information is up-to-date as of April 16, 2024. For the most current information, please contact Craig Lieberman, (805) 320-6646