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.
For sale
Listing Provided by:
Jose Luiz Morales DRE #01891119 805-228-4671,
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
Est.:
Multi Family
Built in 1946
-- sqft lot
$-- Zestimate®
$363/sqft
$-- HOA
What's special
- 126 days
- on Zillow |
- 956 |
- 26 |
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