Four-Unit Multifamily
For Sale
$1,395,000
Pending
1310 Hull Pl, Oxnard, CA 93030
Four occupied units with mixed bedroom and bathroom layouts are offered in as-is condition.
Property Size3,868 SF
Days on Market79
Property Features for 1310 Hull Pl
General Information
Standard status
Pending
Size
3,868 SF
Property subtype
Investment
Additional Details
Multifamily Units
4
Building Details
Building Size
3,868 SF
Year Built
1980
Stories
2
Listing Agency:
Real Investments
(805) 985-1000
Listed By:
Michael Hernandez · License #01269596
(805) 985-1000
Source:
Elliman
Added: Jun 14
Changed: Aug 8
Last Checked: Jul 24 at 11:21AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Real Investments
Investment Insights
Based on property information with market context.
1310 Hull Place is a four-unit multifamily property with all units currently occupied. Unit 1 features three bedrooms, two bathrooms, and a two-car garage. Units 2, 3, and 4 each have multiple bedrooms and bathrooms as follows: Unit 2 offers two bedrooms, two bathrooms, and a one-car garage; Unit 3 offers two bedrooms, one bathroom, and a one-car garage; and Unit 4 offers two bedrooms, one bathroom, and a one-car garage.
The property is located in Oxnard, with convenience to shopping, schools, parks, beaches, and major commuter routes. Walk and bike scores are reported as very walkable and bikeable, respectively, and transit score is reported as some transit.
The offering is in its current as-is condition, with deferred maintenance noted. This layout and established occupancy provide a straightforward fourplex structure for an owner looking to manage and improve the property over time.
The property is located in Oxnard, with convenience to shopping, schools, parks, beaches, and major commuter routes. Walk and bike scores are reported as very walkable and bikeable, respectively, and transit score is reported as some transit.
The offering is in its current as-is condition, with deferred maintenance noted. This layout and established occupancy provide a straightforward fourplex structure for an owner looking to manage and improve the property over time.
Key Highlights
- Four‑unit multifamily built in 1980 in Oxnard, all four units currently occupied
- Unit mix: one 3 bed/2 bath with 2‑car garage; three units with 2 beds/1 bath or 2 beds/2 bath
- Garage parking: one 2‑car garage and three 1‑car garages across the four units
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$69,304
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.97%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,386,080
$1.4M
Cap Rate 7%
$990,057
$990.1K
Cap Rate 9%
$770,044
$770.0K
Market Conditions
NOI Build-Up for 3,868 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$104.4K $27.00/SF
− Vacancy
−$5.4K −$1.40/SF
EGI
$99.0K $25.60/SF
− OpEx
−$29.7K −$7.68/SF
NOI
$69.3K $17.92/SF
Area
Oxnard, CA
Vacancy
5.20%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,386,080
Cap Rate 7%
$990,057
Cap Rate 9%
$770,044
Alternative Uses
Best Use
Multifamily LT 5
$990.1K
$866.3K – $1.16M
NOI $69,304 @ 7.0% cap · market cap 4.97%
Second Best
Apartment 5plus
$886.3K
$775.5K – $1.03M
NOI $62,039 @ 7.0% cap · market cap 4.45%
Theoretical Best
Office A
$1.26M
$1.10M – $1.47M
NOI $88,367 @ 7.0% cap · market cap 6.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
631
Businesses Nearby
Explore this area
Business Placement
Demographics for 93030, CA
59,011
Population
15,966
Households
3.7
Avg Household Size
33
Median Age
19%
College-Educated
70%
High-School Grad
14.1 sq mi
ZIP Area
4,185
Density / Sq Mi
$90,067
Median Household Income
$36,217
Median Earnings
$1,853
Median Rent
$639,800
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Four occupied units with mixed bedroom and bathroom layouts are offered in as-is condition.
Where is this quadplex located?
The property is located at 1310 Hull Pl Oxnard, CA.
What is the asking price?
The asking price for this property is $1,395,000.
What are key features of this property?
This property features: Four‑unit multifamily built in 1980 in Oxnard, all four units currently occupied; Unit mix: one 3 bed/2 bath with 2‑car garage; three units with 2 beds/1 bath or 2 beds/2 bath; Garage parking: one 2‑car garage and three 1‑car garages across the four units
