2461 Balboa ST Active Save Request In-Person Tour Request Virtual Tour
Oxnard,CA 93036
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Subdivision Oxnard: Other - 0036
MLS Listing ID V1-29273
HOA Y/N No
Year Built 1946
Lot Size 0.800 Acres
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
Area Vc36 - El Rio / Nyeland Acres
Interior
Cooling None
Fireplaces Type None
Fireplace No
Laundry None
Exterior
Pool None
Community Features Street Lights
View Y/N No
View None
Total Parking Spaces 11
Private Pool No
Building
Lot Description Sprinklers None
Others
Senior Community No
Tax ID 1450212080
Energy Description 5400.0
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Special Listing Condition Standard