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$ 2,099,000
Est. payment /mo
New
136 N Garfield Avenue Oxnard, CA 93030
4 Beds
4 Baths
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
Bedrooms 4
HOA Y/N No
Lot Size 7,405 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
Generating $193,560 in annual rental income and delivering a solid 6% cap rate, with potential for up to 8 ADUs, this well-maintained 8-unit apartment complex presents a fantastic opportunity for investors seeking steady income and long-term value. Each of the eight units offers 1 bedroom and 1 bathroom, along with its own designated parking space, ensuring convenience and privacy for tenants.All units are separately metered for gas and electricity, allowing for straightforward utility management, while the owner covers water and trash services. The property also features a newer roof, reducing future maintenance costs and offering added peace of mind. Ideally located in a desirable neighborhood near schools, parks, and other essential amenities, this complex is highly attractive to renters.The property was recently appraised at $2,250,000, making this an exceptional value in a strong rental market. Whether you're looking to expand your portfolio or make your first multifamily investment, this is a turnkey opportunity not to be missed.
Generating $193,560 in annual rental income and delivering a solid 6% cap rate, with potential for up to 8 ADUs, this well-maintained 8-unit apartment complex presents a fantastic opportunity for investors seeking steady income and long-term value. Each of the eight units offers 1 bedroom and 1 bathroom, along with its own designated parking space, ensuring convenience and privacy for tenants.All units are separately metered for gas and electricity, allowing for straightforward utility management, while the owner covers water and trash services. The property also features a newer roof, reducing future maintenance costs and offering added peace of mind. Ideally located in a desirable neighborhood near schools, parks, and other essential amenities, this complex is highly attractive to renters.The property was recently appraised at $2,250,000, making this an exceptional value in a strong rental market. Whether you're looking to expand your portfolio or make your first multifamily investment, this is a turnkey opportunity not to be missed.
Generating $193,560 in annual rental income and delivering a solid 6% cap rate, with potential for up to 8 ADUs, this well-maintained 8-unit apartment complex presents a fantastic opportunity for investors seeking steady income and long-term value. Each of the eight units offers 1 bedroom and 1 bathroom, along with its own designated parking space, ensuring convenience and privacy for tenants.All units are separately metered for gas and electricity, allowing for straightforward utility management, while the owner covers water and trash services. The property also features a newer roof, reducing future maintenance costs and offering added peace of mind. Ideally located in a desirable neighborhood near schools, parks, and other essential amenities, this complex is highly attractive to renters.The property was recently appraised at $2,250,000, making this an exceptional value in a strong rental market. Whether you're looking to expand your portfolio or make your first multifamily investment, 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
Listed by Jose Luiz Morales • eXp Realty of California Inc