2951 Albany Drive, Oxnard, CA 93033
Local realty services provided by:Better Homes and Gardens Real Estate Clarity
2951 Albany Drive,Oxnard, CA 93033
$7,700,000
- 3 Beds
- 2 Baths
- - sq. ft.
- Multi-family
- Active
Listed by:nicholas henry
Office:beachside partners
MLS#:V1-30104
Source:SANDICOR
Price summary
- Price:$7,700,000
About this home
Excellent opportunity to acquire a 32-unit well maintained Oxnard apartment building with ideal unit mix and major rental rate upside within 1 mile of Oxnard Community College. 2951 and 3011 Albany Drive includes (2) 2-story 16-unit apartment buildings w/ secure gated entry featuring (20) 2BD/1BA and (12) 1BD/1BA apartments set on just over 1 acre. Assigned Carport parking in rear and each building has its own onsite laundry room. Separately metered for gas and electricity. 2 Water Heaters. Roofs were recently replaced and exterior repainted. Very convenient location for tenants just off intersection of Channel Islands/Rose and Oxnard Boulevards with abundant shopping, medical clinics and Oxnard College nearby. Current rents more than 35% below market. Solid long term investment opportunity with room to bring rents up to market over time (subject to Oxnard 4% rent control). Offered at a 5.0% CAP rate on current rents and an appealing 7.9% CAP rate on market rents.
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Home facts
- Listing Id #:V1-30104
- Added:84 day(s) ago
- Updated:August 15, 2025 at 01:53 PM
Rooms and interior
- Bedrooms:3
- Total bathrooms:2
Finances and disclosures
- Price:$7,700,000
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