2461 Balboa Street, Oxnard, CA 93036 - MLS#V1-29273

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Matt O'Brien

matt@homecrave.com +1(619) 302-3010

$ 1,495,000

Est. payment | -/mo

5 Beds

Save

$ 1,495,000

Est. payment | -/mo

Save

5 Beds

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

+1(619) 302-3010

matt@homecrave.com

San Diego, CA, 92124

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2461 Balboa Street Oxnard, CA 93036