Residential Income
For Sale
$399,000
1431 Casa San Carlos Lane, Oxnard, CA 93033
Quadplex with recently updated roof, installed gas heater, and kitchen upgrades including granite countertops and tile flooring.
Property Size989 SF
Price / SF$403.44
Days on Market178
Property Features for 1431 Casa San Carlos Lane
General Information
Standard status
Active
Size
989 SF
Property subtype
Fourplex
Amenities
3
Tile, Carpet
Gas Oven
Washer Hook Ups, Breakfast Bar, High Ceiling
Shingle
No Fence
Enclosed
1 Garage Spaces. 1 Parking Spaces. 1 Car, Carport.
Stucco
Building Details
Year Built
1971
Listing Agency:
DRE #01439020
(805) 339-3500
Listed By:
Arthur Chavez · License #01439020
Source:
Xome
Added: Feb 12
Changed: Aug 8
Last Checked: Aug 9 at 4:59AM
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 DRE #01439020
Investment Insights
Based on property information with market context.
This residential income quadplex includes recent improvements such as a newly installed gas heater and a roof that was recently replaced. The complex has also undergone kitchen updates, with new kitchen cabinets, granite countertops, and tile flooring.
The property is located at 1431 Casa San Carlos Lane Unit B in Oxnard, California. The sale is subject to cancellation of the current escrow, and buyers are encouraged to complete their own due diligence.
Because the information provided is limited, prospective buyers should verify all details during due diligence, including the scope of work completed and the condition of all units and building systems.
The property is located at 1431 Casa San Carlos Lane Unit B in Oxnard, California. The sale is subject to cancellation of the current escrow, and buyers are encouraged to complete their own due diligence.
Because the information provided is limited, prospective buyers should verify all details during due diligence, including the scope of work completed and the condition of all units and building systems.
Key Highlights
- Quadplex with a recently replaced shingle roof
- Brand new gas heater installed
- Kitchen updates include granite countertops and tile flooring
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
$17,720
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
4.44%
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%
$354,400
$354.4K
Cap Rate 7%
$253,143
$253.1K
Cap Rate 9%
$196,889
$196.9K
Market Conditions
NOI Build-Up for 989 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
$26.7K $27.00/SF
− Vacancy
−$1.4K −$1.40/SF
EGI
$25.3K $25.60/SF
− OpEx
−$7.6K −$7.68/SF
NOI
$17.7K $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%
$354,400
Cap Rate 7%
$253,143
Cap Rate 9%
$196,889
Alternative Uses
Best Use
Multifamily LT 5
$253.1K
$221.5K – $295.3K
NOI $17,720 @ 7.0% cap · market cap 4.44%
Second Best
Apartment 5plus
$226.6K
$198.3K – $264.4K
NOI $15,863 @ 7.0% cap · market cap 3.98%
Theoretical Best
Office A
$322.8K
$282.4K – $376.6K
NOI $22,594 @ 7.0% cap · market cap 5.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
354
Businesses Nearby
Explore this area
Business Placement
Demographics for 93033, CA
79,539
Population
17,523
Households
4.5
Avg Household Size
32
Median Age
11%
College-Educated
57%
High-School Grad
32.2 sq mi
ZIP Area
2,470
Density / Sq Mi
$85,848
Median Household Income
$32,675
Median Earnings
$1,810
Median Rent
$549,400
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 - Quadplex with recently updated roof, installed gas heater, and kitchen upgrades including granite countertops and tile flooring.
Where is this quadplex located?
The property is located at 1431 Casa San Carlos Lane Oxnard, CA.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Quadplex with a recently replaced shingle roof; Brand new gas heater installed; Kitchen updates include granite countertops and tile flooring
