$1,495,000

2461 Balboa St Oxnard, CA 93036

El Rio Neighborhood

Estimated payment $8,165/month

Total Views 12,529
14 Beds
10 Baths
4,124 Sq Ft
$363 Price per Sq Ft

Highlights

  • 0.8 Acre Lot
  • Fenced
  • Heating Available

About This Home

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.

Listing Agent

Jose Luiz Morales

eXp Realty of California Inc License #01891119 Listed on: 04/10/2025

eXp Realty of California Inc

Co-Listing Agent

Jaime Cerda Fernandez

eXp Realty of California Inc License #02165515

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,397

Year Built

  • Built in 1946

Lot Details

  • 0.8 Acre Lot
  • Two or More Common Walls
  • Fenced
  • No Sprinklers

Home Design

  • 4,124 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 14 Bedrooms
  • 10 Bathrooms

Parking

  • 11 Parking Spaces
  • Parking Available

Additional Features

  • Exterior Lighting
  • Heating Available

Listing and Financial Details

  • Tax Tract Number 50
  • Assessor Parcel Number 1450212080
  • Seller Considering Concessions

Community Details

Overview

  • 6 Buildings
  • Oxnard: Other 0036 Subdivision

Building Details

  • Rent Control
  • 11 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Fuel Expense $5,400
  • Trash Expense $4,800
  • Water Sewer Expense $3,600
  • Operating Expense $13,800
  • Gross Income $114,600
  • Net Operating Income $100,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,397

Year Built

Built in 1946

Lot Details

0

Listing Details

  • Assessments: No
  • Property Attached: Yes
  • Subdivision Name Other: Oxnard: Other - 0036
  • View: No
  • Water Sewer Expenses: 3600.00
  • Property Type: Residential Income
  • Parcel Number: 1450212080
  • Year Built: 1946
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: 2+ Common Walls
  • Appliances: Yes
  • Price Per Square Foot: 362.51

Exterior Features

  • Fence: Yes
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Parking: Yes
  • Total Parking Spaces: 11.00

Utilities

  • Sprinklers: No
  • Heating: Yes
  • Laundry: No
  • Trash Expense: 4800.00

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Street Lights

Lot Info

  • Land Lease: No
  • Lot Features: Sprinklers None
  • Lot Size Sq Ft: 34848.00
  • Lot Size Acres: 0.8000

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • Fuel Expense: 5400.00
  • Gross Income: 114600.00
  • Gross Scheduled Income: 114600.00
  • Lot Size Area: 34848.0000 Square Feet
  • Net Operating Income: 100800.00
  • Number Of Separate Electric Meters: 11
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Operating Expense: 13800.00
  • Rent Control: Yes
  • Total Expenses: 13800.00

Tax Info

  • Tax Tract Number: 50.05

Map

Range of Values:

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Average Value
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $2,397 $841,847 $528,286 $313,561
2024 $2,397 $184,988 $94,675 $90,313
2023 $6,685 $181,361 $92,818 $88,543
2022 $2,768 $177,805 $90,998 $86,807
2021 $2,266 $174,319 $89,214 $85,105
2020 $2,247 $172,533 $88,300 $84,233
2019 $2,195 $169,151 $86,569 $82,582
2018 $2,134 $165,835 $84,872 $80,963
2017 $2,075 $162,584 $83,208 $79,376
2016 $2,029 $159,397 $81,577 $77,820
2015 $1,985 $157,004 $80,352 $76,652
2014 $1,919 $153,930 $78,779 $75,151
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/13/2025 05/13/25 For Sale $1,495,000 0.0% $363 / Sq Ft
05/13/2025 05/13/25 Pending -- -- --
04/10/2025 04/10/25 For Sale $1,495,000 -- $363 / Sq Ft
Source: Ventura County Regional Data Share

Source: Ventura County Regional Data Share

MLS Number: V1-29273

Ventura County Regional Data Share

APN: 145-0-212-080

California Ventura County Oxnard 93036 El Rio

2461 Balboa St, Oxnard, CA

This home is located at 2461 Balboa St, Oxnard, CA 93036 and is currently priced at $1,495,000, approximately $362 per square foot. This property was built in 1946. 2461 Balboa St is a home located in Ventura County with nearby schools including Rio Plaza Elementary School, Rio Vista Middle School, and Rio Mesa High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Ventura County Regional Data Share IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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Jose Luiz Morales
Listing Agent
Jose Luiz Morales
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eXp Realty of California Inc
(805) 900-4385