Listing provided courtesy of Jose Luiz Morales of eXp Realty of California Inc. Last updated 2025-09-28 08:11:56.000000. Listing information © 2025 Sandicor.
Asking Price: $1,495,000 |
2461 Balboa, Oxnard CA 93036
Community: VC36 - El Rio / Nyeland Acres
This property was built in 1946 and is priced at $1,495,000. Please see the additional details below.
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.
