2951 Albany Drive, Oxnard, CA 93033 – CRV1-30104

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Sean Beattie Jr.

info@seanbeattiejr.com +1(415) 845-8732

Listed by Nick Henry • Beachside Partners

$7,700,000

Est. payment - /mo

29,492 SqFt

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UPDATED:

Key Details

Property Type Commercial

Sub Type Other

Listing Status Pending

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

Property Sub-Type Other

Source Datashare California Regional

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 None

Building

Lot Description Other

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Sean Beattie Jr.

+1(415) 845-8732

Agent | CA DRE# 01944311

Agent CA DRE# 01944311

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2951 Albany Drive Oxnard, CA 93033

Sean Beattie Jr.

Key Details

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