1310 Hull Place

Seller will consider carrying Loan! Terms to include 7% interest rate with $700,000 down. 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 ($101,220/year), a critical… element for Oxnard residential income properties that are subject to the recently adopted Rent Stabilization Ordinance ('RSO') that caps the annual rent growth to 4% of unit base rents, making this property have a distinct advantage over most other comparable 4-plexes in the Oxnard residential income market. In fact, when considering all other Oxnard 4plexes sold since the beginning of 2021, this property generates more than 25% higher annual income than the next highest income-generating ($79,860) 4plex sold in the Oxnard market during that period. Another strong advantage 1310 Hull Place holds over its property peers is the fact that it was constructed in 1980 and would be expected to suffer less maintenance costs than most other of the comparable 4plexes. See seller carry profroma in the documents section. Read More