430 Linden Dr Oxnard, CA 93033

This exceptional 8-unit apartment building in Oxnard, CA presents a compelling investment opportunity with a 6.41% cap rate. The property, situated on a 13,503 sq ft lot (APN 203-0-343-155), comprises two 2-story buildings totaling 5,392 square feet, built in 1988 and zoned R-4. The unit mix includes four 1-bedroom/1-bathroom apartments with private fenced patios and four 2-bedroom/2-bathroom townhouse-style units featuring second-floor patios. Seven of the eight units have undergone recent renovations, boasting modern appliances, new windows, flooring, paint, and washer/dryer hookups (tenants provide their own washer/dryer and refrigerator). The property offers ample off-street parking, including four 2-car garages and four 1-car garages. Recent upgrades include fresh exterior paint and landscaping. Its prime location near shopping, dining, and California State University Channel Islands ensures strong tenant demand. The asking price is $3,550,000, with a net operating income (NOI) of $227,646 and a price per unit of $443,750. This turnkey investment property offers a strong return and significant potential for future growth.