2461 Balboa Street, Oxnard, CA 93036 - Berkshire Hathaway HomeServices California Properties

2461 Balboa Street, Oxnard, CA 93036

$1,495,000 Approx. USD 0 beds, 0 baths

Listing Agent


Jose Morales | mrg@moralesregroup.com
Lic#: 01891119
Broker: Courtesy of eXp Realty of California, Inc

Co Listing Agent


Jaime Cerda Fernandez | jaime@moralesregroup.com
Lic#: 02165515
Broker: Courtesy of eXp Realty of California, Inc

Agent Remarks

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.

Listing Details

Property type: (Multi-Family)
Status: Active
MLS# V1-29273
Price: $1,495,000
HOA Fee is $0.00
Beds: 0
Baths: 0
None fireplaces
Built in 1946
0.80 acres
Lot size: 0.8000
Subdivision: Oxnard: Other - 0036
County: Ventura
Lot description: Sprinklers None
Heating/cooling: None
MLS area: VC36 - El Rio / Nyeland Acres

Last Updated: 4/25/2025

 Days On Market (DOM): 21

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This listing belongs to the VC36 - El Rio / Nyeland Acres MLS area

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Lat/Long: 34.229492, -119.167784.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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