CA > Oxnard > Oxnard: Other - 0034
Oxnard, CA 93033,2951 Albany DR
Oxnard, CA 93033,2951 Albany DR
Oxnard, CA 93033,2951 Albany DR
Oxnard, CA 93033,2951 Albany DR
Oxnard, CA 93033,2951 Albany DR
Oxnard, CA 93033,2951 Albany DR
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Bradford King

Bradford King

+1(909) 633-4559
$ 7,700,000
Est. payment | /mo

1.01 Acres Lot

Save
$ 7,700,000
Est. payment | /mo
Save

1.01 Acres Lot

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Subdivision Oxnard: Other - 0034

MLS Listing ID V1-30104

HOA Y/N No

Year Built 1974

Lot Size 1.010 Acres

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

Area Vc34 - Oxnard - Southeast

Interior

Heating Wall Furnace

Cooling None

Fireplaces Type None

Fireplace No

Appliance Gas Range

Laundry Laundry Room

Exterior

Carport Spaces 32

Fence None

Pool None

Community Features Biking

View Y/N No

View None

Total Parking Spaces 32

Private Pool No

Building

Lot Description Sprinklers None

Story 2

Others

Senior Community No

Tax ID 2210061185

Acceptable Financing Conventional

Listing Terms Conventional

Special Listing Condition Standard

California Regional MLS (CRMLS)
Listed by Nicholas Henry • Beachside Partners
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"Molly's job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(909) 633-4559

bradford.king@exprealty.com

P.O. Box 6102

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2951 Albany DR