Property Details
About this Property
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.
MLS Listing Information
MLS #
CRV1-30104
MLS Source
California Regional MLS
Days on Site
2
Interior Features
Appliances
Oven Range - Gas
Cooling
None
Heating
Wall Furnace
Parking, School, and Other Information
Garage/Parking
Garage: 0 Car(s)
HOA Fee
$0
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 2 | – | – |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
2951 Albany Dr is a Residential Income in Oxnard, CA 93033. This – square foot property sits on a 1 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $7,700,000 and was built in 1974. This address can also be written as 2951 Albany Dr, Oxnard, CA 93033.
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This listing information is up-to-date as of May 22, 2025. For the most current information, please contact Nicholas Henry, (805) 705-7311
