136 N GARFIELD AVENUE, OXNARD CA 93030

  • 3,456 sq.ft.
  • 7,405 sq.ft. lot
offered at $2,099,000
MLS#:V1-30619
Status: Pending // Property Type:
Project/Tract: Oxnard: Other - 0034 // County: Ventura // Year Built: 1940

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.

Listing Courtesy of Jose Luiz Morales, eXp Realty of California Inc

Exterior Features

Exterior Features: Street Lights, Sidewalks
FOR MORE INFORMATION, PLEASE CONTACT AGENT:
  • raj qsar
    CEO | Owner |
    CalBRE# 01744847
    • cell 714.412.5019
    • office 949.612.2535
    email Raj

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