$7,700,000

2951 Albany Dr Oxnard, CA 93033

College Estates Neighborhood

Estimated payment $50,800/month

3 Beds
2 Baths
29,492 Sq Ft
$261 Price per Sq Ft

Highlights

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

About This Home

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.

Listing Agent

Nick Henry

Beachside Partners License #01748131

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

0

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: 261.09

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

Map

Range of Values:

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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 Change Sq Ft Price
05/21/2025 05/21/25 For Sale $7,700,000 -- $261 / Sq Ft
Source: Ventura County Regional Data Share

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

Homes for Sale in Oxnard, CA

This home is located at 2951 Albany Dr, Oxnard, CA 93033 and is currently priced at $7,700,000, approximately $261 per square foot. This property was built in 1974. 2951 Albany Dr is a home located in Ventura County with nearby schools including Ansgar Larsen Elementary School, Channel Islands High School, and St. Anthony's Elementary 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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Nick Henry
Listing Agent
Nick Henry
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Beachside Partners
(805) 430-6945