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Listed by Jose Luiz Morales • eXp Realty of California Inc
$1,999,000
Est. payment /mo
7,405 Sqft Lot
Price Dropped by $100K
136 N Garfield AVE Oxnard, CA 93030
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Key Details
Property Type Multi-Family, Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRV1-30619
Year Built 1940
Lot Size 7,405 Sqft
Source California Regional MLS
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
Laundry None
Exterior
Parking Features Assigned Spaces
Garage Spaces 8.0
Pool 31, None
View None
Others
Tax ID 2010122160
Special Listing Condition Not Applicable
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