2461 Balboa Street, Oxnard, CA 93036
Contact Silva Babaian
Schedule A Showing
Request more information
- MLS#: V1-29273 ( )
- Street Address: 2461 Balboa Street
- Viewed: 1
- Price: $1,495,000
- Price sqft: $0
- Waterfront: No
- Year Built: 1946
- Bldg sqft: 0
- Days On Market: 15
- Additional Information
- County: VENTURA
- City: Oxnard
- Zipcode: 93036
- Subdivision: Oxnard: Other 0036
- Provided by: eXp Realty of California, Inc
- Contact: Jose Jose
- DMCA Notice
-
DescriptionInvestor 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 Location and Similar Properties
Features
Assessments
- None
Association Fee
- 0.00
Building Area Total
- 4124.00
Common Walls
- 2+ Common Walls
Cooling
- None
Electric Expense
- 0.00
Fireplace Features
- None
Fuel Expense
- 5400.00
Garage Spaces
- 0.00
Insurance Expense
- 0.00
Laundry Features
- None
Lockboxtype
- Call Listing Office
Lot Features
- Sprinklers None
Netoperatingincome
- 100800.00
Number Of Separate Electric Meters
- 11
Parcel Number
- 1450212080
Pool Features
- None
Postalcodeplus4
- 1754
Sourcesystemid
- 2025041120071769132400...
Sourcesystemkey
- 20250411200717691324000000:CRF
Spa Features
- None
Subdivision Name Other
- Oxnard: Other - 0036
Tenant Pays
- Electricity
Totalexpenses
- 13800.00
Trash Expense
- 4800.00
View
- None
Water Sewer Expense
- 3600.00
Year Built
- 1946
Year Built Source
- Other