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$ 1,999,000
Est. payment | /mo
4 Beds
$ 1,999,000
Est. payment | /mo
4 Beds
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID V1-30619
Bedrooms 4
Property Sub-Type Res Income 2-4 Units
Property Description
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.
Location
State CA
County Ventura
Zoning Other
Direction Follow US-101 N to N Rose Ave in Oxnard. Take exit 61 from US-101 N. Continue on N Rose Ave. Take E Colonia Rd to N Garfield Ave
Interior
Fireplace No
Exterior
View Y/N No
Others
Tax ID 2010122160
Listed by Jose Luiz Morales eXp Realty of California Inc
“My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! ”