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El Rio Multifamily Home for Sale

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    $1,495,000

    • 14 Beds
    • 10 Baths
    • 4,124 Sq Ft

    2461 Balboa St, Oxnard, CA 93036

    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

    Jose Luiz Morales eXp Realty of California Inc

    2461 Balboa St, Oxnard, CA 93036

Why Live in El Rio

El Rio, a neighborhood on the northern edge of Oxnard, offers a blend of affordability and convenience, appealing to families and first-time home buyers. The area is characterized by its rural feel, with wide streets lined with mature trees. Housing primarily consists of midcentury ranch-style homes with spacious backyards, modern renovations, and two-car garages. Mobile homes provide a more affordable option within the community. El Rio is served by the Rio Elementary School and Oxnard Union High School Districts, with Rio Mesa High School noted for its strong athletics program. Residents enjoy Rodger Jones Community Park, which features a community center, basketball courts, and playground equipment. The neighborhood is within 1.5 miles of several other parks along the Santa Clara River, offering numerous things to do outdoors. Dining and retail options are available along Vineyard Avenue, including popular food trucks and Vallarta Supermarket. For more extensive shopping and dining, locals frequent The Collection at RiverPark, just a mile away. El Rio's residential nature means fewer streetlights, but it offers direct access to U.S. State Route 101, facilitating commutes and trips to Los Angeles, 60 miles away. Public transit is accessible via Gold Coast Transit bus stops, and Los Angeles International Airport is 61 miles from the neighborhood.

Home Trends in El Rio, CA

Housing Trends

Median Sale Price
$85,000
Median Single Family Sale Price
$85,000
Median Townhouse Sale Price
$334,000
Median 2 Bedroom Sale Price
$750,000
Average Price Per Sq Ft
$262
Number of Homes for Sale
6
Last 12 months Home Sales
20
Months of Supply
3.60
Median List Price
$359,000
Median Change From 1st List Price
3%
Median Home Sale Price YoY Change
-76%
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