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
Listing Provided by:
Jose Luiz Morales DRE #01891119 805-228-4671,
eXp Realty of California Inc
Price cut: $100K (7/15)
$1,999,000
136 N Garfield Ave, Oxnard, CA 93030
8beds
8baths
3,456sqft
Est.:
Multi Family
Built in 1940
-- sqft lot
$1,932,300 Zestimate®
$578/sqft
$-- HOA
What's special
Newer roof
- 35 days
- on Zillow |
- 325 |
- 11 |
Zillow last checked: 7 hours ago
Listing updated: July 15, 2025 at 04:51pm
Listing Provided by:
Jose Luiz Morales DRE #01891119 805-228-4671,
eXp Realty of California Inc
Source: CRMLS,MLS#: V1-30619
Originating MLS: California Regional MLS (Ventura & Pasadena-Foothills AORs)

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 8
Heating
- Has Heating (Unspecified Type)
Cooling
- None
Appliances
- Laundry: None
Features
- Has fireplace: No
- Fireplace features: None
- Common walls with other units/homes: 2+ Common Walls
Interior area
- Total structure area: 3,456
- Total interior livable area: 3,456 sqft
Property
Parking
- Total spaces: 8
- Parking features: Assigned
Features
- Pool features: None
- Spa features: None
- Has view: Yes
- View description: None
Lot
- Size: 7,405 Square Feet
- Features: Sprinklers None
Details
- Parcel number: 2010122160
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
- Attached to another structure: Yes
Condition
- Year built: 1940
Community & HOA
Community
- Features: Street Lights, Sidewalks
- Subdivision: Oxnard: Other - 0034
Location
- Region: Oxnard
Financial & listing details
- Price per square foot: $578/sqft
- Date on market: 6/16/2025
- Listing terms: Cash,Conventional
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