CA > Oxnard > Oxnard: Other - 0036
Oxnard, CA 93036,2461 Balboa ST
Oxnard, CA 93036,2461 Balboa ST
Oxnard, CA 93036,2461 Balboa ST
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The Warburton Team Brokered By EXp

The Warburton Team Brokered By EXp

+1(626) 630-2141
$1,495,000
Est. payment /mo
0.8 Acres Lot
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UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Subdivision Oxnard: Other - 0036

MLS Listing ID V1-29273

HOA Y/N No

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 - El Rio / Nyeland Acres

Interior

Cooling None

Fireplaces Type None

Fireplace No

Laundry None

Exterior

Pool None

Community Features Street Lights

View Y/N No

View None

Total Parking Spaces 11

Private Pool No

Building

Lot Description Sprinklers None

Others

Senior Community No

Tax ID 1450212080

Energy Description 5400.0

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Standard

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CRMLS – RECore
Listed by Jose Luiz Morales eXp Realty of California Inc

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