136 N Garfield Avenue, Oxnard, CA 93030

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Glen Henderson

[email protected] +1(619) 889-7646

$2,099,000

Est. payment - /mo

4 Beds

4 Baths

7,405 Sqft Lot

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UPDATED:

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

HOA Y/N No

Lot Size 7,405 Sqft

Property Sub-Type Res Income 2-4 Units

Type of Financing Cash,Conventional

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.
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 Oxnard (93030)

Zoning Other

Exterior

Parking Features Unit1:Assigned

Building

Lot Description Sidewalks

Lot Size Range 4000-7499 SF

Others

Acceptable Financing Cash, Conventional

Space Rent $2,190

Listing Terms Cash, Conventional

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Listed by Jose Luiz Morales • eXp Realty of California Inc

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Glen Henderson

+1(619) 889-7646

Broker Associate | CA BRE #01384181

Broker Associate CA BRE #01384181

San Diego Communities

136 N Garfield Avenue Oxnard, CA 93030

Glen Henderson

Key Details

Location

Exterior

Building

Others

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