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Listed by Jose Morales • eXp Realty of California, Inc
$ 1,495,000
Est. payment /mo
Active
2461 Balboa Street Oxnard, CA 93036
4,124 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 4,124 sqft
Price per Sqft $362
Subdivision Oxnard: Other - 0036
MLS Listing ID V1-29273
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 - Oxn - El Rio/Nyeland
Interior
Cooling None
Fireplaces Type None
Laundry None
Exterior
Pool None
Community Features Street Lights
View Y/N No
View None
Building
Lot Description Sprinklers None