2461 Balboa Street

Oxnard, CA 93036

  • 0 Bed(s)
  • 0 Bath(s)
  • 4,124 Sqft
  • 34848
    Sqft(Lot)
$1,495,000

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.

  • Property Type

    Residential Income

  • County

    Ventura

  • Style

    Residential Income

  • AD ID

    49340352

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Property Details

  • Bathroom Information

    • Total Baths: 0

    Interior Features

    • Fireplace: None

    Cooling Features

    • None
    • Air Conditioning

    Heating Source

    • Has Heating

    Fireplace

    • Fireplace Features: None
    • Has Fireplace: 0

  • Building Information

    • Year Built: 1946
    • Building Area Total: 4,124

    Pool Features

    • None

    Laundry Features

    • None

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.8
    • Lot Size Source: Vendor Enhanced
    • Lot Size Square Feet: 34848

  • Listing Price Information

    • Original List Price: 1,495,000
    • Listing Contract Date: 2025-04-11

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 1450212080

  • Garage and Parking

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable
    • Tenant Pays: Electricity

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: VC36 - El Rio / Nyeland Acres
    • Postal Code Plus 4: 1754
    • Directions: Merge 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
    • Source Property Type: Residential Income
    • Area: VC36 - El Rio / Nyeland Acres

    Building and Construction

    • Property Age: 79
    • Common Walls: 2+ Common Walls
    • Year Built Source: Other
    • Property Attached: Yes
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BuyOwner last updated this listing 04/27/2025 @ 07:18

  • MLS: V1-29273
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 0 bedrooms which is for sale, it has 4,124 sqft, 34,848 sized lot, and 0 parking. are nearby neighborhoods.