2461 Balboa St

Investor Special - 11 units on nearly 1 acre for under $136K per door, making this one of the best deals in town.

Currently generating $9,550 per month in rental income ($114,600 annually), with current rents substantially below market value. Market rents are projected upwards of $17,900 per month ($214,800 annually), offering significant upside potential. Unit mix includes a detached 2 bed/1 bath main house, a detached 2 bed/1 bath unit behind the main house (second bedroom is small and may be considered a 1 bedroom), a detached 1 bed/1 bath manager's unit, five attached 1 bed/1 bath units, and three attached 2 bed/1 bath units (two with bedroom-to-bedroom walk-through layouts). Similar multi-unit properties in Oxnard are currently selling for $200K to $300K per door, while this one is offered at just under $136k per door. An excellent opportunity for cash flow and value-add repositioning.

This home located at 2461 Balboa ST is currently active and has been available on pardeeproperties.com for 73 days. This property is listed at $1,495,000. It has 15 beds and 11 bathrooms. The property was built in 1946. 2461 Balboa ST is in the El Rio community of Ventura County.

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