136 N Garfield Avenue, Oxnard, CA 93030 - MLS#V1-30619

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Matt O'Brien

matt@homecrave.com +1(619) 302-3010

$ 1,999,000

Est. payment | -/mo

4 Beds

Save

$ 1,999,000

Est. payment | -/mo

Save

4 Beds

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID V1-30619

Bedrooms 4

Property Sub-Type Res Income 2-4 Units

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

Zoning Other

Direction Follow US-101 N to N Rose Ave in Oxnard. Take exit 61 from US-101 N. Continue on N Rose Ave. Take E Colonia Rd to N Garfield Ave

Interior

Fireplace No

Exterior

View Y/N No

Others

Tax ID 2010122160

Listed by Jose Luiz Morales eXp Realty of California Inc

+1(619) 302-3010

matt@homecrave.com

San Diego, CA, 92124

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136 N Garfield Avenue Oxnard, CA 93030