3305 S A St, Oxnard

the successful close of this Ventura County 4-unit multifamily property located in the Bryce Canyon neighborhood of Oxnard, California.

Record Sale in Oxnard

According to the all-time sale records from the MLS, this is the highest price ever achieved for a 4-unit property in the city of Oxnard, excluding beach front properties.

There have been 3 other sales of a 4-unit property in Oxnard that have sold for more than $1.25M, however those three properties were located within 1 block of the beach. This is the only inland 4-unit in Oxnard that has sold for more than $1.2M.

Furthermore, this is the only 4-unit to sell for more than $1.0M in the 93033 zip code. In other words, this sale has smashed the previous highest ever price achieved for a 4-unit in 93033 by more than 25%.

Property and Location Overview

This 4,152 sqft property sits on a 7,840 sqft (0.18 acre) corner lot, and it boasts an excellent unit mix of (2) 2 Bed / 2 Bath units and (2) 3 Bed / 1.5 Bath units. These very well kept units are large and spacious, with the average unit size being over 1,000 sqft. Additionally, the property offers its tenants ample parking and storage, which each unit getting two parking spaces and one storage space, and it has easy access to the parking in the alleyway behind the building.

This part of Oxnard is one of the most desirable areas in the city, with an impressive walk score of 81, which is meaningfully higher than the average 71 walk score in the city of Oxnard. The property is located within walking distance to Ralphs, Walmart, Starbucks, a bank, nearly a dozen restaurants, and 8 different bus lines. Furthermore, this is an ideal location for families with 12 different schools located within 1.0 miles from the property. These schools include (7) elementary schools, (2) junior high schools, and (3) high schools, all within walking distance.

Deal Story

We listed this property in late October for $1,195,000 and sent out our first marketing email on October 27th. Within 7 days of sending out our "just listed" email to nearly 20,000 brokers and principals, we were able to generate 10 offers, 5 of which were at or above our list price. The seller sent a multiple counter offer to those 5 best offers, which asked for a price of $1,225,000, a 7 day inspection period, no loan or appraisal contingency, and required the buyer's initial deposit to become nonrefundable and released to the seller's 1031 exchange accommodator after the buyer's 7 days of due...