CA > Oxnard
Oxnard, CA 93033,2951 Albany Drive
Oxnard, CA 93033,2951 Albany Drive
Oxnard, CA 93033,2951 Albany Drive
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$7,700,000
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29,492 SqFt
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2951 Albany Drive Oxnard, CA 93033

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Disen Cai

Disen Cai

+1(650) 622-2156

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Key Details

Property Type Commercial

Sub Type Other

Listing Status Active

Purchase Type For Sale

Square Footage 29,492 sqft

Price per Sqft $261

MLS Listing ID CRV1-30104

HOA Y/N No

Year Built 1974

Lot Size 1.010 Acres

Acres 1.01

Property Sub-Type Other

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

Interior

Heating Wall Furnace

Cooling None

Fireplace No

Laundry Laundry Room

Exterior

View Y/N false

View None

Building

Lot Description Other

New Construction No

Others

Tax ID 2210061185

Bridge MLS
© 2025 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Listed by Nicholas Henry • Beachside Partners

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Disen Cai

Agent | License ID: 01928373

+1(650) 622-2156

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