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Listed by Jose Luiz Morales • eXp Realty of California Inc
$ 2,099,000
Est. payment /mo
Pending
136 North Garfield Avenue Oxnard, CA 93030
3,456 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Pending
Purchase Type For Sale
Square Footage 3,456 sqft
Price per Sqft $607
Subdivision Oxnard: Other - 0034
MLS Listing ID V1-30619
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.
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 - Se
Interior
Fireplaces Type None
Laundry None
Exterior
Parking Features Assigned
Pool None
Community Features Sidewalks, Street Lights
View Y/N No
View None
Building
Lot Description Sprinklers None
Sewer Other
Nicole Van Parys & Gary Nesen
License Partners, Private Office Advisors | License ID: 01108944