2951 Albany Drive Oxnard CA 93033 MLS #V1-30104

2951 Albany Drive
Oxnard, CA, 93033
$7,700,000
Beds
0 Baths
SqFt
1.01 Acres
$7,700,000
2951 Albany Drive
Oxnard, CA, 93033
MLS #V1-30104 image #0MLS #V1-30104 image #1MLS #V1-30104 image #2MLS #V1-30104 image #3MLS #V1-30104 image #4MLS #V1-30104 image #5MLS #V1-30104 image #6MLS #V1-30104 image #7MLS #V1-30104 image #8
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
Vc34oxnardsoutheastOxnard: Other – 0034

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
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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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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

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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.
2951 Albany Drive
Oxnard, CA