CA > Oxnard
Oxnard, CA 93033,2951 Albany Drive
Oxnard, CA 93033,2951 Albany Drive
Oxnard, CA 93033,2951 Albany Drive
9
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$6,971,057
$7,700,000 9.5%
Est. payment /mo
3 Beds
Sold on 09/10/2025

2951 Albany Drive Oxnard, CA 93033

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Patty Doyle
Patty Doyle

Agent | License ID: 01507441

+1(619) 886-0321

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Key Details

Sold Price $6,971,057

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Sold

Purchase Type For Sale

MLS Listing ID V1-30104

Bedrooms 3

Property Sub-Type Res Income 2-4 Units

Property Description

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.

Location

State CA

County Ventura

Zoning Assessor

Exterior

View Y/N No

Building

Story 2

Others

Acceptable Financing Conventional

Listing Terms Conventional

MLS Router / San Diego MLS
Listed by Nick Henry Beachside Partners
Bought with Non Member San Diego

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Patty Doyle

Patty Doyle

Agent | License ID: 01507441

+1(619) 886-0321

Name
Phone*
Message

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2951 Albany Drive

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