136 N Garfield Ave

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.

This home located at 136 N Garfield AVE is currently active and has been available on pardeeproperties.com for 12 days. This property is listed at $1,999,000. It has 8 beds and 8 bathrooms. The property was built in 1940. 136 N Garfield AVE is in the Oxnard - Southeast community of Ventura County.

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