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$ 2,099,000
Est. payment /mo
New
136 N Garfield Avenue Oxnard, CA 93030
7,405 Sqft Lot
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
HOA Y/N No
Lot Size 7,405 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
Generates $193,560 in Annual Rental Income | 6% Cap Rate | Potential for 8 Additional ADUsThis 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.
Generates $193,560 in Annual Rental Income | 6% Cap Rate | Potential for 8 Additional ADUsThis 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.
Generates $193,560 in Annual Rental Income | 6% Cap Rate | Potential for 8 Additional ADUsThis 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
Listing Terms Cash, Conventional
Listed by Jose Luiz Morales • eXp Realty of California Inc