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.
Property Details
Price:
$2,099,000
MLS #:
V1-30619
Status:
Active
Baths:
0
Address:
136 N Garfield Avenue
Type:
Residential Income
Subdivision:
Oxnard: Other – 0034
Neighborhood:
vc34oxnardsoutheast
City:
Oxnard
Listed Date:
Jun 17, 2025
State:
CA
ZIP:
93030
Lot Size:
7,405 sqft / 0.17 acres (approx)
Year Built:
1940
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Schools
Interior
Cooling
None
Fireplace Features
None
Exterior
Community Features
Street Lights, Sidewalks
Garage Spaces
0.00
Lot Features
Sprinklers None
Parking Features
Assigned
Parking Spots
8.00
Pool Features
None
Spa Features
None
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Financial
Association Fee
0.00
Map
Community
- Address136 N Garfield Avenue Oxnard CA
- AreaVC34 – Oxnard – Southeast
- SubdivisionOxnard: Other – 0034
- CityOxnard
- CountyVentura
- Zip Code93030
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136 N Garfield Avenue
Oxnard, CA
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