136 N Garfield Avenue, Oxnard, CA 93030

• 3,456 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.

Listing Status:

Active

Date Added:

June 17, 2025 at 05:00AM

Listing Office:

eXp Realty of California Inc : (805) 228-4671

Listing Agent:

Jose Luiz Morales : (805) 228-4671

MLS ID:

V1-30619

Interior

• Laundry: None
• A/C: None
• Heating:
• Fireplace: None

Exterior

• General: None
• Pool: None
• Parking: AssignedParking spaces: 8

Location

• HOA Amenities: 0.0
• Originating MLS: CRMLS_CRF
• County: Ventura

Lot

• Zoning: 2010122160
• View: None

Financial

• Source: CRMLS_CRF

This listing courtesy of Jose Luiz Morales, eXp Realty of California Inc