$6,971,057

2951 Albany Drive, Oxnard CA, 93033

Price per sqft$236.37

Built in1974

Property size29,492 sqft

Property typeResidential

Bought with Non Member with Unknown Agency and Listed by Nick Henry CA DRE# 01748131 with Beachside Partners (805) 705-7311

Overview

Sold

Closed

Listed May 21, 2025

Updated 3 weeks ago

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.

Additional information

MLS^® ID: V1-30104

Interior Features

Bathrooms: 0
Heating: Yes
Basement: No

Exterior Features

Lot Size: 1.01 Acres

Other Property Details

55+/Senior Community: No

Bought with Non Member with Unknown Agency and Listed by Nick Henry CA DRE# 01748131 with Beachside Partners (805) 705-7311

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 8/25/2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

Data last updated on 8/25/2026 at 1:16 AM UTC Last Checked: 1:16 AM UTC