136 N Garfield Ave Oxnard, CA 93030
La Colonia NeighborhoodEstimated payment $12,085/month
About This Home
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.
Listing Agent
eXp Realty of California Inc License #01891119 Listed on: 06/16/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $17,208
Year Built
- Built in 1940
Lot Details
- 7,405 Sq Ft Lot
- Two or More Common Walls
- Fenced
- No Sprinklers
Home Design
- 3,456 Sq Ft Home
- Property Attached
Bedrooms and Bathrooms
- 8 Bedrooms
- 8 Bathrooms
Parking
- 8 Parking Spaces
- Parking Available
- Assigned Parking
Additional Features
- Exterior Lighting
- Heating Available
Listing and Financial Details
- Tax Tract Number 32
- Assessor Parcel Number 2010122160
Community Details
Overview
- 2 Buildings
- Oxnard: Other 0034 Subdivision
Building Details
- Rent Control
- 8 Separate Electric Meters
- 8 Separate Gas Meters
- 1 Separate Water Meter
- Water Sewer Expense $8,500
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $17,208 | $1,417,720 | $612,000 | $805,720 |
| 2024 | $17,208 | $1,390,000 | $600,000 | $790,000 |
| 2023 | $5,460 | $441,926 | $214,915 | $227,011 |
| 2022 | $1,115 | $83,074 | $6,879 | $76,195 |
| 2021 | $1,106 | $81,446 | $6,745 | $74,701 |
| 2020 | $1,124 | $80,613 | $6,677 | $73,936 |
| 2019 | $1,095 | $79,034 | $6,547 | $72,487 |
| 2018 | $1,081 | $77,485 | $6,419 | $71,066 |
| 2017 | $1,025 | $75,967 | $6,294 | $69,673 |
| 2016 | $992 | $74,478 | $6,171 | $68,307 |
| 2015 | $1,002 | $73,361 | $6,079 | $67,282 |
| 2014 | $992 | $71,926 | $5,961 | $65,965 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/15/2025 07/15/25 | Price Changed | $1,999,000 | -4.8% | $578 / Sq Ft |
| 07/11/2025 07/11/25 | For Sale | $2,099,000 | 0.0% | $607 / Sq Ft |
| 06/26/2025 06/26/25 | Pending | -- | -- | -- |
| 06/16/2025 06/16/25 | For Sale | $2,099,000 | +51.0% | $607 / Sq Ft |
| 08/17/2023 08/17/23 | Sold | $1,390,000 | -0.7% | $402 / Sq Ft |
| 06/15/2023 06/15/23 | For Sale | $1,400,000 | -- | $405 / Sq Ft |
Source: Ventura County Regional Data Share
MLS Number: V1-30619
APN: 201-0-122-160
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
- 145 S Garfield Ave
- 136 S Roosevelt Ave
- 159 S Hayes Ave
- 116 N Harrison Ave
- 402 N Mckinley Ave
- 124 N Hayes Ave
- 822 Belleza Dr
- 247 Douglas Ave
- 633 Meta St
- 1440 Morris St
- 155 E 7th St
- 137 W 1st St
- 420 Ocotlan Way
- 618 S C St
- 1134 N A St
- 1200 Entrada Dr
- 305 N F St Unit 201
- 307 N F St Unit 201
- 307 N F St Unit 102
- 600 Sara Dr
- 333 N F St
- 523 Devonshire Dr
- 865 S B St Unit F1
- 300 W 9th St
- 1110 Hull Place
- 1009 S G St
- 431 N M St
- 3 S M St
- 1925 Ginger St Unit 202
- 1500 Tulipan Cir
- 1201 Gonzales Ave
- 2121 Ironbark Dr
- 2060 Zocolo St
- 1750 Montevina Cir
- 674 Holly Ave
- 2400-2444 Alvarado St
- 200 Orchard Place
- 1720 Ontario St
- 1375 E Channel Island Blvd
- 1730 W Hemlock St