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
$ 2,099,000
Est. payment /mo
New
136 N Garfield AVE Oxnard, CA 93030
7,405 Sqft Lot
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
Generating $193,560 in annual rental income and delivering a solid 6% cap rate, with potential for up to 8 ADUs, this well-maintained 8-unit apartment complex presents a fantastic opportunity for investors seeking steady income and long-term value. Each of the eight units offers 1 bedroom and 1 bathroom, along with its own designated parking space, ensuring convenience and privacy for tenants.All units are separately metered for gas and electricity, allowing for straightforward utility management, while the owner covers water and trash services. The property also features a newer roof, reducing future maintenance costs and offering added peace of mind. Ideally located in a desirable neighborhood near schools, parks, and other essential amenities, this complex is highly attractive to renters.The property was recently appraised at $2,250,000, making this an exceptional value in a strong rental market. Whether you're looking to expand your portfolio or make your first multifamily investment, 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