$7,700,000
2951 Albany Drive
Oxnard, CA, 93033
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 Details
Price:
$7,700,000
MLS #:
V1-30104
Status:
Active Under Contract
Baths:
0
Type:
Residential Income
Subdivision:
Oxnard: Other – 0034
Neighborhood:
vc34oxnardsoutheast
Listed Date:
May 22, 2025
Lot Size:
43,996 sqft / 1.01 acres (approx)
Year Built:
1974
Schools
Interior
Appliances
Gas Range
Cooling
None
Fireplace Features
None
Heating
Wall Furnace
Exterior
Community Features
Biking
Fencing
None
Garage Spaces
0.00
Lot Features
Sprinklers None
Parking Spots
32.00
Pool Features
None
Spa Features
None
Stories Total
2
View
None
Financial
Association Fee
0.00
Get Out There, A Simply Outgoing Approach to Life. James Outland Jr. is one of those rare people who simply has an outgoing approach to life. No matter the activity… from dune buggy riding to skydiving to motorcycling to riding the local Pismo Beach waves… James Outland Jr. approaches life with a “just get out there and do it” kind of attitude. A zest for Life. James’ zest for life is obviously apparent in his many exciting hobbies. In his spare time, he loves riding dune buggies or hi…
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Map
Current real estate data for Residential Income in Oxnard as of Aug 08, 2025
29
Residential Income Listed
78
Avg DOM
$2,911,428
Avg List Price
Community
- Address2951 Albany Drive Oxnard CA
- NeighborhoodVC34 – Oxnard – Southeast
- SubdivisionOxnard: Other – 0034
- CityOxnard
- CountyVentura
- Zip Code93033
Subdivisions in Oxnard
- Agee 0322
- Aldea Del Mar 1 514801
- Bartolo Square – 340
- Bryce Canyon – 3650
- Cabrillo Park – 0326
- California Cove – 4492
- California Lighthouse 10 – 4810
- Carty Tract – 0331
- Casa Dulce – 538902
- Casa Marina – 4596
- Casa San Carlos – 2100
- Channel Island Park I – 2158
- Colonia Homes Gardens – 0337
- Courtland Park – 2787
- Diamond Bar Rancho 2 – 134002
- Dover Square 2 – 145202
- Driftwood Swim & Racquet Club – 2067
- Dunes Beach Area – 1567
- Dunkirk Drive II – 5640
- Eastwood – Lathrop – 0323
- Fashion Park Place – 0374
- Fremont Square – 0334
- Harborwalk
- Harborwalk – 0305
- Harbour Island 1 – 413201
- Hollywood Beach – 0302
- Hollywood By The Sea – 0303
- Imperial Oxnard MHP – 037004
- Imperial Oxnard MHP – 37004
- Kamala Park Homes – 0344
- Kona Kai MHP – 037005
- La Casa Dorado – 139706
- La Colonia
- La Colonia – 0318
- Las Brisas
- Lemonwood Estates 1 – 209101
- Mandalay Bay 01 – 202601
- Mandalay Bay 03 – 202603
- Mandalay Bay 3 – 190403
- Marina Vista 1 – 167401
- Meadowlake MHP – 0311
- Meadowlake MHP – 1002762
- Monterey at Harborside 6 – 426806
- New Carriage Square – 2339
- Northstar – 442402
- Oceanaire MHP – 037007
- Orchard Lane Terrace – 2464
- Oxnard Beach: Other – 0032
- Oxnard Estates North – 1341
- Oxnard Park Subdivision – 0325
- Oxnard Shores – 2766
- Oxnard Shores 01 – 127701
- Oxnard Shores 03 – 127703
- Oxnard Shores 29 – 3929
- Oxnard Shores 38 – 2038
- Oxnard Shores 6 – 1216
- Oxnard Shores 8 – 2788
- Oxnard Shores MHP – 030701
- Oxnard Shores: Beachview – Driftwood – 1056
- Oxnard Shores: Driftwood 1 – 2901
- Oxnard Shores: Mandalay Beach Condos – 4550
- Oxnard Shores: Mandalay Shores 1 – 4651
- Oxnard Shores: Neptune Square 4 – 2814
- Oxnard: Other – 0031
- Oxnard: Other – 0033
- Oxnard: Other – 0034
- Oxnard: Other – 0036
- Pacific Coast Condos – 3089
- Pacific Park 1 – 223601
- Pacific Park North 1 – 229201
- Palm Tract – 1003182
- Port Marluna – 526604
- Rio Plaza – 0391
- River Ridge
- River Ridge Golf Course – 5032
- River Ridge, J.M.Peters – 338403
- Riverpark – 535201
- Sea Aire Park 9 – 0319
- Seabridge – 5266
- Sierra Vista – 180705
- Silverstrand Beach – 0308
- Smugglers Cove 1 – 253001
- Southbay Townhomes – 0377
- Southwinds 3 – 4553
- Strawberry Fields 1 – 4351
- Summerfield 1 – 224701
- Sunnyside Condos – 3473
- Sunrise Pointe/Sunset Cove 1 – 513601
- Sunrise Pointe/Sunset Cove 3 – 513603
- The Colony – 2923
- The Dunes 01 – 156701
- The Villages The Villas – 188306
- Thunderbird Village – 1337
- Villa Capri MHP – 037011
- Villa Santa Cruz 2 – 513502
- Wagon Wheel
- Westport at Mandalay Bay 1 – 519601
- Westport at Mandalay Bay 2 – 519602
- Westport at Mandalay Bay 5 – 519605
- Westport at Mandalay Bay 6 – 519606
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Property Summary
- Located in the Oxnard: Other – 0034 subdivision, 2951 Albany Drive Oxnard CA is a Residential Income for sale in Oxnard, CA, 93033. It is listed for $7,700,000 To schedule a showing of MLS#v1-30104 at 2951 Albany Drive in Oxnard, CA, contact your James Outland agent at 8057482262.
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2951 Albany Drive
Oxnard, CA
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