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Back 2951 Albany Drive
Off Market

2951 Albany Drive

Oxnard CA 93033

3
2
1.01 ac.
Multi-Family
Last sold for $6,971,057
Nicholas HenryNicholas Henry, last sold this property on 10 September 2025 after 18 days on market.

Overview

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.

Features

3 bedrooms
2 bathrooms
1.01 ac. lot size
Multi-Family

Estimated Value

We need at least 3 similar 3 bedroom multi families sold in Oxnard over the last 12 months.

Property history for 2951 Albany Drive

2025
Sold
$6,971,057
10 Sep 2025 by Nicholas Henry, of Beachside Partners

Happy sellers in Oxnard

92%
92% of sellers in Oxnard reported that their sale price either exceeded or met their price expectations.

Oxnard stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 5 reviews in Oxnard over the last 12 months.

Local market activity for 3 bedroom multi families in Oxnard

In the last 12 months, 1 three-bedroom multi family similar to 2951 Albany Drive, have been sold.

Nearby agents

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Cory Boldroff

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