1 of 11

Want to see this property?

2461 Balboa Street

Oxnard, CA 93036

– beds
– baths
– sqft
~3/4 acre lot
1946 build
– on site

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.

Listed By CRMLS_CA / Jose Morales / eXp Realty of California, Inc

Last checked: Checking… • Last updated Apr 14, 2025 •

MLS# V1-29273 —

This property is listed in more than one place. See it here.

The Building

Year Built:

1946
Year Built Source:

Other
Building Area Total:

4124.00
# of Buildings:

6
Common Walls:

2+ Common Walls
# of Separate Gas Meters:

1
# of Separate Water Meters:

1
# of Separate Electric Meters:

11

Interior

Fireplace:

No
Fireplace:

None
Laundry:

None

Location

Directions:

Merge onto US-101 N/Ventura Fwy toward Ventura; Take exit 61 for Rose Ave; Turn right onto N Rose Ave; Turn left onto Ventura Blvd; Continue on Balboa St to your destination in El Rio
Latitude:

34.22949200
Longitude:

-119.16778400

The Property

Property Type:

Residential Income
Lot Features:

Sprinklers None
Lot Size Area:

34848.0000
Lot Size Acres:

0.8000
Lot Size SqFt:

34848.00
View:

None
Fence:

Yes
Property Attached:

1
Land Lease:

No

Listing Agent

Contact info:

Taxes

Tax Tract:

50.05

The Listing

Special Listing Conditions:

Standard
Parcel Number:

1450212080

Heating & Cooling

Heating:

1
Cooling:

No
Cooling:

None

Appliances

Included:

Yes

The Community

Subdivision:

Oxnard: Other - 0036
Subdivision:

Oxnard: Other - 0036
Features:

Street Lights
Pool:

None
Senior Community:

No
Private Pool:

No
Spa Features:

None
Assessments:

No
Assessments:

None

Parking

Parking:

Yes
Parking Spaces:

11.00

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
4/11/25 Apr 11, 2025	Listed / Active	CRMLS_CA	$1,495,000

Want a closer look?

Go see 2461 Balboa Street

Or Call Toll Free 1-800-241-3327

We guarantee that we’ll never spam you.

* indicates a required field

More homes

Newest listings in Oxnard, CA

Similar sold homes

This multifamily located in Del Norte, Oxnard, CA 93036 is currently for sale for $1,495,000. 2461 Balboa Street is a – square foot multifamily with – beds and – baths that has been on Estately for 3 days. 2461 Balboa Street is in the Del Norte neighborhood of Oxnard and has a WalkScore® of 46, making it car-dependent. This multifamily is in the attendance area of Rio Vista Middle School, Rio Plaza Elementary School, and Rio Mesa High School.

Listing Courtesy of: CRMLS_CA and eXp Realty of California, Inc. Based on information from California Regional Multiple Listing Service, Inc. as of 22:03 on Apr 14.

This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.