Oxnard, CA 93036 2461 Balboa Street
$1,495,000
6 more
Presented By: Jose Morales with eXp Realty of California, Inc;
Beds • 15
Baths • 11
SQFT • 4,124
Year Built • 1946
Home Details
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.
Presented By: Jose Morales with eXp Realty of California, Inc;
Interior Features for 2461 Balboa Street
Bathrooms
Total Baths
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsTwoCommonWallsOrMore
Fireplace FeaturesNone
Fireplace Y/NNo
Heating Y/NYes
Laundry FeaturesNone
General for 2461 Balboa Street
Additional Parcels Y/NNo
Attached Garage No
Carport Y/NNo
CityOxnard
Community FeaturesStreetLights
CoolingNone
CountyVentura
DirectionsMerge onto US-101 N/Ventura Fwy toward Ventura; Take exit 61 for Rose Ave; Turn right onto N Rose Ave; Turn left onto Ventura Blvd; Continue on Balboa St to your destination in El Rio
Electric Expense0.0
Electric On Property Y/NNo
Fuel Expense5400.0
Garage Spaces0.0
Garage Y/NNo
Gross Income114600.0
HOANo
HOA Fee$0.0
Home Warranty Y/NNo
Insurance Expense0.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Listing TermsCash, Conventional
Lot Size Square Feet34848.0
Lot Size UnitsSquareFeet
MLS AreaVC36 - El Rio / Nyeland Acres
MobileHomeRemainsYNNo
Net Operating Income100800.0
New ConstructionNo
Operating Expense13800.0
Pool FeaturesNone
Property Attached Y/NYes
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
Spa FeaturesNone
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Subdivision NameOxnard: Other - 0036
Tenant PaysElectricity
Trash Expense4800.0
ViewNone
Water Sewer Expense3600.0
Year Built1946
Year Built SourceOther
Exterior for 2461 Balboa Street
Building Area Total4124.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesSprinklersNone
Lot Size Acres0.8
Lot Size Area34848.0
Number of Buildings6
Number of Separate Electric Meters11
Number of Separate Gas Meters1
Number of Separate Water Meters1
Open Parking Y/NNo
Private PoolNo
SpaNo
Total Parking11.0
WaterfrontY/NNo
Additional Details
Price History
