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2951 Albany Drive

Oxnard, CA 93033

– beds
– baths
– sqft
~1 acre lot
1974 build
– on site

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.

Listed By CRMLS_CA / Nicholas Henry / Beachside Partners

Last checked: Checking… • Last updated May 22, 2025 •

MLS# V1-30104 —

The Building

Year Built:

1974
Year Built Source:

Assessor
Building Area Total:

29492.00
Total Number Of Units:

32
# of Buildings:

2
Stories Total:

2
Common Walls:

No Common Walls
# of Separate Gas Meters:

34
# of Separate Water Meters:

1
# of Separate Electric Meters:

34

Interior

Fireplace:

No
Fireplace:

None
Laundry:

Individual Room
Laundry:

1

Location

Directions:

off Channel Islands, Rose and Oxnard Blvd intersection
Latitude:

34.17196400
Longitude:

-119.16762300

The Property

Property Type:

Residential Income
Lot Features:

Sprinklers None
Lot Size Area:

1.0100
Lot Size Acres:

1.0100
Lot Size SqFt:

43995.60
View:

None
Fencing:

None
Fence:

No
Land Lease:

No

Listing Agent

Contact info:

The Listing

Special Listing Conditions:

Standard
Parcel Number:

2210061185

Heating & Cooling

Heating:

1
Heating:

Wall Furnace
Cooling:

No
Cooling:

None

Appliances

Appliances:

Gas Range
Included:

Yes

The Community

Subdivision:

Oxnard: Other - 0034
Subdivision:

Oxnard: Other - 0034
Features:

Biking
Pool:

None
Senior Community:

No
Private Pool:

No
Spa Features:

None
Assessments:

No
Assessments:

None

Parking

Parking:

Yes
Parking Spaces:

32.00
Carport Spaces:

32.00

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
5/22/25 May 22, 2025	Listed / Active	CRMLS_CA	$7,700,000

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This multifamily located in Southeast Oxnard, Oxnard, CA 93033 is currently for sale for $7,700,000. 2951 Albany Drive is a – square foot multifamily with – beds and – baths that has been on Estately for 7 days. 2951 Albany Drive is in the Southeast Oxnard neighborhood of Oxnard and has a WalkScore® of 61, making it somewhat walkable. This multifamily is in the attendance area of Ansgar Larsen Elementary School and Channel Islands High School.

Listing Courtesy of: CRMLS_CA and Beachside Partners. Based on information from California Regional Multiple Listing Service, Inc. as of 09:58 on May 29.

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, 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.