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 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
Est.:
Multi Family
Built in 1946
-- sqft lot
$-- Zestimate®
$363/sqft
$-- HOA
What's special
- 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#: V1-29273
Originating MLS: California Regional MLS (Ventura & Pasadena-Foothills AORs)

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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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