2951 Albany Drive, Oxnard, CA 93033

About this property

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 description from the September 2025 sale, as reported to CRMLS.

Sale history

$6,971,057

Sold September 2025 · listed $7,700,000, on market May 2025 · MLS #V1-30104 · Source: CRMLS

Listing Agent: Nick Henry · Listing Office: Beachside Partners · Contact: (805) 626-0112 · Bought with: Non Member · Unknown Agency

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