2951 Albany Drive

Oxnard, CA 93033

  • 0 Bed(s)
  • 0 Bath(s)
  • 29,492 Sqft
  • 43995.6
    Sqft(Lot)
$7,700,000

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 Income
  • County

    Ventura
  • Style

    Residential Income
  • AD ID

    49912972

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Property Details

  • 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
  • Building Information

    • Year Built: 1974
    • Building Area Total: 29,492

    Pool Features

    • None

    Laundry Features

    • Laundry Room

    Fencing

    • None
  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 1.01
    • Lot Size Source: Vendor Enhanced
    • Lot Size Square Feet: 43995.6
  • Listing Price Information

    • Original List Price: 7,700,000
    • Listing Contract Date: 2025-05-22

    Lease Information

    • Listing Agreement: Exclusive Right To Sell
  • Tax Information

    • Parcel Number: 2210061185
  • Garage and Parking

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable
  • 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
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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.