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$ 1,495,000
Est. payment /mo
New
2461 Balboa Street Oxnard, CA 93036
5 Beds
4,124 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type OTHER
Listing Status Active
Purchase Type For Sale
Square Footage 4,124 sqft
Price per Sqft $362
MLS Listing ID CRV1-29273
Bedrooms 5
HOA Y/N No
Year Built 1946
Lot Size 0.800 Acres
Acres 0.8
Property Sub-Type OTHER
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
Interior
Cooling No Air Conditioning
Fireplace No
Laundry No Hookups
Exterior
View Y/N false
View None
Total Parking Spaces 11
Building
Lot Description Other
New Construction No
Others
Tax ID 1450212080
© 2025 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Listed by Jose Morales • eXp Realty of California, Inc