Remodeled Quadplex with New
For Sale
$399,000
1431 Casa San Carlos Lane, Oxnard, CA 93033
Quadruplex, Oxnard, CA
Property Size989 SF
Lot Size0.06 Acres
Price / SF$403.44
Days on Market182
Property Features for 1431 Casa San Carlos Lane
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
2
Bathrooms
2
Full bathrooms
1
Half bathrooms
1
Rooms
Bathroom 2, Bedroom 2, Bedroom 1, Bathroom 1
Interior features
Two Story Ceilings, Granite Counters, Granite Counters, Remodeled Kitchen
Appliances
Gas Oven
Elementary school district
Oxnard Union High School District
Middle school district
Oxnard Union High School District
High school district
Oxnard Union High School District
Subdivision
VC33 - Oxnard - SW / PH
Standard status
Active
APN
2050550505
Size
989 SF
Lot size
0.06 Acres
Taxes and HOA fees
HOA Fee
$480 Monthly
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Central
Water source
Public
Building Details
Year built
1971
Floors in Building
2
Flooring type
Tile, Carpet
Roof type
Shingle
Listing Agency:
RE/MAX Gold Coast REALTORS · RE/MAX International
(805) 339-3500
Listed By:
Arthur Chavez · License #01439020
(805) 444-3175
Added: Mar 3
Changed: Aug 31
Last Checked: Sep 1 at 8:06PM
MLS# V1-34990
Copyright © 2026 California Regional MLS - Pasadena-Foothills and Ventura County Coastal. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This quadplex in Oxnard encompasses 989 square feet on a 0.06-acre lot. The property was built in 1971 and includes remodeled kitchens with replaced cabinetry, granite countertops, and tile flooring. Additional interior details include carpet, a gas oven, and two-story ceilings. Central heating powered by natural gas serves the property.
Recent improvements include installation of a new gas heater and replacement of the complex’s shingle roof. The property is connected to public water and public sewer and is located at 1431 Casa San Carlos Lane in Oxnard, California.
Recent improvements include installation of a new gas heater and replacement of the complex’s shingle roof. The property is connected to public water and public sewer and is located at 1431 Casa San Carlos Lane in Oxnard, California.
Key Highlights
- Quadplex classification with 989 square feet on a 0.06‑acre lot
- Remodeled kitchens with replaced cabinets, granite countertops, and tile flooring
- New gas heater installed
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
Property Profile
Current Use
Lease Details
4
Residential units
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 - Four-unit residential income property with updated kitchens, central natural-gas heating, and public water and sewer.
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 classification with 989 square feet on a 0.06‑acre lot; Remodeled kitchens with replaced cabinets, granite countertops, and tile flooring; New gas heater installed
