$6,971,057
SOLD SEP 10, 2025

2951 Albany Dr Oxnard, CA 93033

College Estates Neighborhood
3 Beds
2 Baths
29,492 Sq Ft
43,996 Sq Ft Lot

Recently Sold

$236 Per Sq Ft

9% Below List Price

27 Days on Market

Highlights

  • 1.01 Acre Lot
  • Bike Trail
  • Wall Furnace
  • Laundry Room

About This Home

As of September 2025

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.

Last Agent to Sell the Property

Nick Henry

Beachside Partners License #01748131 Listed on: 05/21/2025

Last Buyer's Agent

Non Member

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1974

Lot Details

  • 1.01 Acre Lot
  • No Common Walls
  • No Sprinklers

Interior Spaces

  • 29,492 Sq Ft Home
  • 2-Story Property
  • Gas Range
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Parking

  • 32 Parking Spaces
  • 32 Carport Spaces
  • Parking Available

Utilities

  • Wall Furnace

Listing and Financial Details

  • Assessor Parcel Number 2210061185

Community Details

Overview

  • 2 Buildings
  • 32 Units
  • Oxnard: Other 0034 Subdivision

Recreation

  • Bike Trail

Building Details

  • Rent Control
  • 34 Separate Electric Meters
  • 34 Separate Gas Meters
  • 1 Separate Water Meter
  • Gross Income $53,901

Property Details

Home Type

Multi-Family

Year Built

Built in 1974

Lot Details

1.01 Acres

Listing Details

  • Assessments: No
  • Property Attached: No
  • Subdivision Name Other: Oxnard: Other - 0034
  • View: No
  • Property Type: Residential Income
  • Parcel Number: 2210061185
  • Year Built: 1974
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: No Common Walls
  • Appliances: Yes
  • Price Per Square Foot: 236.37

Exterior Features

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

Garage/Parking

  • Carport Spaces: 32.00
  • Parking: Yes
  • Total Parking Spaces: 32.00

Utilities

  • Sprinklers: No
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Range
  • Heating Type: Wall Furnace
  • Laundry Features: Individual Room

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Biking

Lot Info

  • Land Lease: No
  • Lot Features: Sprinklers None
  • Lot Size Sq Ft: 43995.60
  • Lot Size Acres: 1.0100

Multi Family

  • Gross Income: 53901.00
  • Gross Scheduled Income: 646812.00
  • Laundry Income: 425.00
  • Lot Size Area: 1.0100 Acres
  • Number Of Separate Electric Meters: 34
  • Number Of Separate Gas Meters: 34
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 32
  • Rent Control: Yes
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/10/2025 09/10/25 Sold $6,971,057 -9.5% $236 / Sq Ft
06/17/2025 06/17/25 Pending -- -- --
05/21/2025 05/21/25 For Sale $7,700,000 -- $261 / Sq Ft
Source: Ventura County Regional Data Share

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 $27,927 $2,315,294 $766,435 $1,548,859
2024 $27,927 $2,269,897 $751,407 $1,518,490
2023 $26,298 $2,225,390 $736,674 $1,488,716
2022 $25,761 $2,181,755 $722,229 $1,459,526
2021 $26,078 $2,138,976 $708,068 $1,430,908
2020 $26,552 $2,117,045 $700,808 $1,416,237
2019 $25,762 $2,075,535 $687,067 $1,388,468
2018 $24,823 $2,034,840 $673,596 $1,361,244
2017 $23,998 $1,994,942 $660,389 $1,334,553
2016 $22,864 $1,955,827 $647,441 $1,308,386
2015 $23,214 $1,926,451 $637,717 $1,288,734
2014 $22,798 $1,888,717 $625,226 $1,263,491
Source: Public Records

Agents Affiliated with this Home

  • Nick Henry

    Seller's Agent in 2025

    Nick Henry

    Beachside Partners

    (805) 705-7311

    1 in this area

    60 Total Sales

    Nick Henry
    Section Image

  • N

    Buyer's Agent in 2025

    Non Member

See All Agents

Map

Source: Ventura County Regional Data Share

MLS Number: V1-30104

Ventura County Regional Data Share

APN: 221-0-061-185

California Ventura County Oxnard 93033 College Estates

2951 Albany Dr, Oxnard, CA

Sold

MultiFamily

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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