Description
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.
Property Type
Residential IncomeCounty
VenturaStyle
Residential IncomeAD ID
49912972
Sell a home like this and save $461,501 Find Out How
Property Details
-
Interior Features
Bathroom Information
- Total Baths: 0
Interior Features
- Property Appliances: Gas Range
- Fireplace: None
Cooling Features
- None
- Air Conditioning
Heating Source
- Wall Furnace
- Has Heating
Fireplace
- Fireplace Features: None
- Has Fireplace: 0
-
Exterior Features
Building Information
- Year Built: 1974
- Building Area Total: 29,492
Pool Features
- None
Laundry Features
- Laundry Room
Fencing
- None
-
Property / Lot Details
Lot Details
- Lot Dimensions Source: Vendor Enhanced
- Lot Size Acres: 1.01
- Lot Size Source: Vendor Enhanced
- Lot Size Square Feet: 43995.6
-
Listing Information
Listing Price Information
- Original List Price: 7,700,000
- Listing Contract Date: 2025-05-22
Lease Information
- Listing Agreement: Exclusive Right To Sell
-
Taxes / Assessments
Tax Information
- Parcel Number: 2210061185
-
Virtual Tour, Parking, Multi-Unit Information & Homeowners Association
Garage and Parking
Homeowners Association
Rental Info
- Lease Term: Negotiable
-
School, Utilities & Location Details
Other Property Info
- Source Listing Status: Active
- Source Neighborhood: VC34 - Oxnard - Southeast
- Directions: off Channel Islands, Rose and Oxnard Blvd intersection
- Source Property Type: Residential Income
- Area: VC34 - Oxnard - Southeast
Building and Construction
- Property Age: 51
- Common Walls: No Common Walls
- Year Built Source: Assessor
Statistics Bottom Ads 2

Sidebar Ads 1

Learn More about this Property
Sidebar Ads 2

Sidebar Ads 2

Copyright © 2025 by the Multiple Listing Service of the California Regional MLS®. This information is believed to be accurate but is not guaranteed. Subject to verification by all parties. This data is copyrighted and may not be transmitted, retransmitted, copied, framed, repurposed, or altered in any way for any other site, individual and/or purpose without the express written permission of the Multiple Listing Service of the California Regional MLS®. Information Deemed Reliable But Not Guaranteed. Any use of search facilities of data on this site, other than by a consumer looking to purchase real estate, is prohibited.
BuyOwner last updated this listing 06/09/2025 @ 08:57
- MLS: V1-30104
- LISTING PROVIDED COURTESY OF: ,
- SOURCE: CRMLS
is a Home, with 0 bedrooms which is for sale, it has 29,492 sqft, 43,996 sized lot, and 0 parking. are nearby neighborhoods.