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$ 1,495,000
Est. payment /mo
Active
2461 Balboa Street Oxnard, CA 93036
5 Beds
4 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID V1-29273
Bedrooms 5
Property Sub-Type Res Income 2-4 Units
Property Description
Investor Special - 11 units on nearly 1 acre for under $136K per door, making this one of the best deals in town. Currently generating $9,550 per month in rental income ($114,600 annually), with current rents substantially below market value. Market rents are projected upwards of $17,900 per month ($214,800 annually), offering significant upside potential. Unit mix includes a detached 2 bed/1 bath main house, a detached 2 bed/1 bath unit behind the main house (second bedroom is small and may be considered a 1 bedroom), a detached 1 bed/1 bath manager's unit, five attached 1 bed/1 bath units, and three attached 2 bed/1 bath units (two with bedroom-to-bedroom walk-through layouts). Similar multi-unit properties in Oxnard are currently selling for $200K to $300K per door, while this one is offered at just under $136k per door. An excellent opportunity for cash flow and value-add repositioning.
Location
State CA
County Ventura
Zoning Other
Direction Merge onto US-101 N/Ventura Fwy toward Ventura; Take exit 61 for Rose Ave; Turn right onto N Rose Ave; Turn left onto Ventura Bl
Interior
Fireplace No
Exterior
View Y/N No
Others
Tax ID 1450212080
Listed by Jose Luiz Morales eXp Realty of California Inc