145 S Garfield Ave - Multi-Family FOR SALE


Oxnard, CA 93030- La Colonia
$1,175,000 USD
805-705-7311
145 S Garfield Ave, Oxnard, CA for Sale
$1,175,000 USD
Multi-Family - FOR SALE
1/3
null | 5.04% Cap Rate

145 S Garfield Ave
Oxnard, CA 93030
La Colonia


HIGHLIGHTS

  • 5 units spanning street to street offering a desirable layout suitable for a family compound or investment property
  • (1) standalone 3BD/1BA residence fronting Grant Ave with (2) duplexes each consisting of 1BD/1BA units fronting Garfield Ave
  • New Siemens electrical panels, a new concrete driveway, fresh exterior paint and fascia board replaced in 2018
  • All 5 units are separately metered for electricity and gas
  • 5.0% CAP rate on current rents and a 7.8% CAP rate on market rents

OVERVIEW

5 units spanning street to street in Oxnard’s La Colonia neighborhood, offering a desirable layout suitable for a family compound or investment property composed of two duplexes — each with (2) 1BD/1BA units fronting Garfield Ave — and a standalone 3BD/1BA residence fronting Grant Ave. The front units of the duplexes feature small private yards. All 5 units are separately metered for electricity and gas. The site has 5 off-street, uncovered parking spaces. In 2018 the property underwent upgrades including new Siemens electrical panels, a new concrete driveway, fresh exterior paint and fascia board replacements. With over 35% upside in rental rates this investment offers excellent longterm opportunity.

FOR SALE DETAILS

PRICE

$1,175,000 USD

PRICE/SF

$445 USD /SF

# OF UNITS

5

PRICE/UNIT

$235,000

CAP RATE

5.04%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

5 Units in Oxnard for only $235k/unit

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1959

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

201-0-126-050

ASK ABOUT THIS PROPERTY

Nick HenryBeachside Partners, Inc.More Info
805-705-7311

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Nick HenryBeachside Partners, Inc.More Info
805-705-7311

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