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For sale
  • Listing Provided by: 

    Jose Luiz Morales DRE #01891119 661-313-7243,

    eXp Realty of California Inc,

    Jaime Cerda Fernandez DRE #02165515 805-228-4671,

    eXp Realty of California Inc

    $1,495,000

    2461 Balboa St, Oxnard, CA 93036

    15beds
    11baths
    4,124sqft
    : 
    Multi Family
    Built in 1946
    -- sqft lot
    $-- Zestimate®
    $363/sqft
    $-- HOA

    What's special

    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.
    113 days
    on Zillow
    |
    1,028
    |
    30
    |

    Zillow last checked: 7 hours ago

    Listing updated: June 24, 2025 at 04:36pm

    Listing Provided by:

    Jose Luiz Morales DRE #01891119 661-313-7243,

    eXp Realty of California Inc,

    Jaime Cerda Fernandez DRE #02165515 805-228-4671,

    eXp Realty of California Inc

    Source: CRMLS,MLS#: V1-29273MLS LogoOriginating MLS: California Regional MLS (Ventura & Pasadena-Foothills AORs)
    Travel times

    Tour with a buyer's agent

    We'll find a local expert to take you on a private tour of 2461 Balboa St.

    Next available tour time:Tomorrow at 11am

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 15
    • Bathrooms: 11
    Heating
    • Has Heating (Unspecified Type)
    Cooling
    • None
    Appliances
    • Laundry: None
    Features
    • Has fireplace: No
    • Fireplace features: None
    • Common walls with other units/homes: 2+ Common Walls
    Interior area
    • Total structure area: 4,124
    • Total interior livable area: 4,124 sqft

    Property

    Parking
    • Total spaces: 11
    Features
    • Pool features: None
    • Spa features: None
    • Has view: Yes
    • View description: None
    Lot
    • Size: 0.8 Acres
    • Features: Sprinklers None
    Details
    • Parcel number: 1450212080
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    • Attached to another structure: Yes
    Condition
    • Year built: 1946

    Community & HOA

    Community
    • Features: Street Lights
    • Subdivision: Oxnard: Other - 0036
    Location
    • Region: Oxnard

    Financial & listing details

    • Price per square foot: $363/sqft
    • Date on market: 4/10/2025
    • Listing terms: Cash,Conventional
    • Tenant pays: Electricity
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