2951 Albany Drive
Oxnard, CA, 93033
$7,700,000
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.
Current real estate data for Residential Income in Oxnard as of Oct 02, 2025
22
Residential Income Listed
128
Avg DOM
$3,407,200
Avg List Price
Property Details
Price:
$7,700,000
MLS #:
V1-30104
Status:
Active Under Contract
Baths:
0
Type:
Residential Income
Subdivision:
Oxnard: Other – 0034
Neighborhood:
vc34oxnardsoutheast
Listed Date:
May 22, 2025
Lot Size:
43,995 sqft / 1.01 acres (approx)
Year Built:
1974
Schools
Interior
Appliances
Gas Range
Cooling
None
Heating
Wall Furnace
Laundry Features
Individual Room
Exterior
Community Features
Biking
Parking Spots
32.00
Financial
Map
Contact Us
Mortgage Calculator
Community
- Address2951 Albany Drive Oxnard CA
- NeighborhoodVC34 – Oxnard – Southeast
- SubdivisionOxnard: Other – 0034
- CityOxnard
- CountyVentura
- Zip Code93033
Subdivisions in Oxnard
- Agee 0322
- Aldea Del Mar 1 514801
- Anacapa View Homes 1 247101
- Bartolo Square – 340
- Bryce Canyon – 3650
- Cabrillo Park – 0326
- Cal-Gisler – 0351
- California Cove – 4492
- California Lighthouse 10 – 4810
- Carty Tract – 0331
- Casa Dulce – 538902
- Channel Island Park I – 2158
- Channel Island Waterfront Homes – 4846
- Courtland Park – 2787
- Cypress Point 7 – 338407
- Daily Ranch – 5276
- Deckside Villas – 3444
- Diamond Bar Rancho 2 – 134002
- Dover Square 2 – 145202
- Driftwood Swim & Racquet Club – 2067
- Dunes Beach Area – 1567
- Eastwood – Lathrop – 0323
- Edgewood 1 – 247201
- Fashion Park Place – 0374
- Fremont Square – 0334
- Greystone – 452903
- Harborwalk
- Harborwalk – 0305
- Harbour Island 1 – 413201
- Hollywood Beach – 0302
- Hollywood Beach MHP – 30201
- Hollywood By The Sea – 0303
- Imperial Oxnard MHP – 037004
- Ivywood – 2479
- Kamala Park Homes – 0344
- La Colonia – 0318
- Las Brisas
- Mandalay Bay 01 – 202601
- Mandalay Bay 03 – 202603
- Mandalay Bay 3 – 190403
- Marina Pacifica – 2248
- Marina Vista 1 – 167401
- Meadowlake MHP – 0311
- Meadowlake MHP – 1002762
- Northside Park – 0329
- Northstar – 442402
- Nyeland Acres – 0395
- Oceanaire MHP – 037007
- Orchard Lane Terrace – 2464
- Oxnard Beach: Other – 0032
- Oxnard Estates North – 1341
- Oxnard Park Subdivision – 0325
- Oxnard Shores – 2766
- Oxnard Shores 00 – 2900
- Oxnard Shores 01 – 127701
- Oxnard Shores 02 – 127702
- Oxnard Shores 29 – 3929
- Oxnard Shores 6 – 1216
- Oxnard Shores 8 – 2788
- Oxnard Shores MHP – 030701
- Oxnard Shores: Driftwood 1 – 2901
- Oxnard Shores: Mandalay Shores 1 – 4651
- Oxnard Shores: Neptune Square 4 – 2814
- Oxnard: Other – 0031
- Oxnard: Other – 0033
- Oxnard: Other – 0034
- Oxnard: Other – 0035
- Oxnard: Other – 0036
- Pacific Coast Condos – 3089
- Park Dorado 2 – 2602
- Pepperwood 6 – 3586
- Port Marluna – 526604
- Rancho De La Rosa 1 – 471401
- River Ridge
- River Ridge Golf Course – 5032
- River Ridge, J.M.Peters – 338403
- Riverpark – 535201
- Rose Park 2 – 136302
- Seabridge – 5266
- Silverstrand Beach – 0308
- Smugglers Cove 1 – 253001
- Southbay Townhomes – 0377
- Southwinds 3 – 4553
- Strawberry Fields 1 – 4351
- Strawberry Fields 3 – 305103
- Sunbeam Homes 2 – 121302
- Sunrise Pointe/Sunset Cove 3 – 513603
- The Colony – 2923
- The Dunes 01 – 156701
- The Pointe 1 – 484001
- The Villages The Villas – 188306
- The Villas – 188305
- Town Of Oxnard – 0322
- Victoria Estates Aviara – 5408
- Victoria Estates Legacy – 523404
- Victoria Estates Pacifica – 523405
- Villa Santa Cruz & Carmel – 513501
- Villa Santa Cruz 2 – 513502
- Wagon Wheel
- Westport at Mandalay Bay 1 – 519601
- Westport at Mandalay Bay 2 – 519602
- Westport at Mandalay Bay 4 – 519604
- Westport at Mandalay Bay 5 – 519605
- Westport at Mandalay Bay 6 – 519606
- William Lyon Homes 2 – 522802
- Windsor North III – 1538
- Wingfield – 5340
Property Summary
- Located in the Oxnard: Other – 0034 subdivision, 2951 Albany Drive Oxnard CA is a Residential Income for sale in Oxnard, CA, 93033. It is listed for $7,700,000 To schedule a showing of MLS#v1-30104 at 2951 Albany Drive in Oxnard, CA, contact your Outland and Associates / JoAnn Outland agent at 8054417754.
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Courtesy of Beachside Partners. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than Outland and Associates / JoAnn Outland include the name of the listing broker. Neither the listing company nor Outland and Associates / JoAnn Outland shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2025. California Regional Multiple Listing Service. All rights reserved. 2951 Albany Drive
Oxnard, CA