2461 Balboa Street Oxnard CA 93036 MLS #V1-29273

2461 Balboa Street
Oxnard, CA, 93036
$1,495,000
Beds
0 Baths
SqFt
0.8 Acres
$1,495,000
2461 Balboa Street
Oxnard, CA, 93036
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.

Property Details

Price:
$1,495,000
MLS #:
V1-29273
Status:
Active
Baths:
0
Address:
2461 Balboa Street
Type:
Residential Income
Subdivision:
Oxnard: Other – 0036
Neighborhood:
vc36elrionyelandacres
City:
Oxnard
Listed Date:
Apr 11, 2025
State:
CA
ZIP:
93036
Lot Size:
34,848 sqft / 0.80 acres (approx)
Year Built:
1946

Schools

Interior

Cooling
None
Fireplace Features
None

Exterior

Community Features
Street Lights
Garage Spaces
0.00
Lot Features
Sprinklers None
Parking Spots
11.00
Pool Features
None
Spa Features
None
View
None

Financial

Association Fee
0.00
Tenant Pays
Electricity
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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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