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.
Property Details
Price:
$1,495,000
MLS #:
V1-29273
Status:
Active
Baths:
0
Address:
2461 Balboa Street
Type:
Residential Income
Subdivision:
Oxnard: Other – 0036
Neighborhood:
vc36elrionyelandacres
City:
Oxnard
Listed Date:
Apr 11, 2025
State:
CA
ZIP:
93036
Lot Size:
34,848 sqft / 0.80 acres (approx)
Year Built:
1946
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Schools
Interior
Cooling
None
Laundry Features
None
Exterior
Community Features
Street Lights
Parking Spots
11.00
Financial
Map
Community
- Address2461 Balboa Street Oxnard CA
- AreaVC36 – El Rio / Nyeland Acres
- SubdivisionOxnard: Other – 0036
- CityOxnard
- CountyVentura
- Zip Code93036
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2461 Balboa Street
Oxnard, CA
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