46
See all 46 photos
$2,099,000
Est. payment /mo
7,405 Sqft Lot
New
136 N Garfield AVE Oxnard, CA 93030
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Subdivision Oxnard: Other - 0034
MLS Listing ID V1-30619
HOA Y/N No
Year Built 1940
Lot Size 7,405 Sqft
Property Description
This well-maintained 8-unit apartment complex is a prime opportunity for investors seeking strong, stable returns and long-term upside. Currently bringing in $193,560 annually with a solid 6% cap rate, the property also offers tremendous expansion potential--up to 8 additional ADUs, allowing for a total of 16 rentable units.Each existing unit features 1 bedroom and 1 bathroom, along with designated parking, ensuring privacy and convenience for tenants. Utilities are individually metered for gas and electricity, while the owner covers water and trash, making management straightforward.A newer roof reduces long-term maintenance costs, and the property sits in a high-demand rental location near schools, parks, and essential amenities--highly attractive to tenants.With a recent appraisal of $2,250,000, this property offers exceptional value in a strong rental market. Whether you're an experienced investor looking to expand your portfolio or making your first multifamily acquisition, this is a turnkey opportunity not to be missed.
Location
State CA
County Ventura
Area Vc34 - Oxnard - Southeast
Interior
Cooling None
Fireplaces Type None
Fireplace No
Laundry None
Exterior
Parking Features Assigned
Pool None
Community Features Street Lights, Sidewalks
View Y/N No
View None
Total Parking Spaces 8
Private Pool No
Building
Lot Description Sprinklers None
Others
Senior Community No
Tax ID 2010122160
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Standard
Listed by Jose Luiz Morales • eXp Realty of California Inc