CA > Oxnard
Oxnard, CA 93036,2461 Balboa Street
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Oxnard, CA 93036,2461 Balboa Street
Oxnard, CA 93036,2461 Balboa Street
Oxnard, CA 93036,2461 Balboa Street
Oxnard, CA 93036,2461 Balboa Street
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Don Pelletier

Don Pelletier

+1(858) 336-1114
$ 1,495,000
Est. payment /mo
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Active

2461 Balboa Street Oxnard, CA 93036

5 Beds

4 Baths

0.8 Acres Lot

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID V1-29273

Bedrooms 5

HOA Y/N No

Lot Size 0.800 Acres

Property Sub-Type Res Income 2-4 Units

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.
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 Oxnard (93036)

Zoning Other

Others

Acceptable Financing Cash, Conventional

Space Rent $1,600

Listing Terms Cash, Conventional

San Diego Regional MLS (SDMLS)
Listed by Jose Luiz Morales • eXp Realty of California Inc
agent

Don Pelletier

Broker | License ID: 00866225

+1(858) 336-1114

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2461 Balboa Street

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