136 N Garfield Ave - Apartments FOR SALE


Oxnard, CA 93030- La Colonia
$1,899,999 USD
805-317-7814
136 N Garfield Ave, Oxnard, CA for Sale
$1,899,999 USD
Apartments - FOR SALE
1/43
null | Request Cap Rate

136 N Garfield Ave
Oxnard, CA 93030
La Colonia


OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,899,999 USD

PRICE/SF

$550 USD /SF

# OF UNITS

8

PRICE/UNIT

$237,500

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1940

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,841 SF

ZONING

R3

APN/PARCEL ID

201-0-122-160

ASK ABOUT THIS PROPERTY

Jose Luiz MoraleseXp Realty of California IncMore Info
805-317-7814

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Jose Luiz MoraleseXp Realty of California IncMore Info
805-317-7814

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.