137 West 1st Street new Save Request In-Person Tour Request Virtual Tour
Oxnard,CA 93030
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
Subdivision Oxnard: Other - 0031
MLS Listing ID V1-30210
Lot Size 0.482 Acres
Property Description
Attention Developers & Investors! Rare opportunity to acquire an entitled downtown Oxnard property with approved plans for a 6-story, 53-unit multifamily apartment building totaling 44,338 sq ft. Lot is approx. 1/2 acre on a corner with alley access. Type III-A construction—no podium required. Proposed design features balconies for each unit, 29 covered parking spaces, a 2,846 sq ft rooftop terrace, (48) 1BR units (547-964 sq ft), (5) 2BR units (964 sq ft). Six of the units are deemed affordable. Existing improvements include a 5,900 sq ft commercial building and 3,900 sq ft garage. Current tenants generate $2,500/month income with potential for additional income through leasing vacant spaces short-term or storage use. Sale includes plans, reports, and city approvals. Located at W. 1st Street & S. N. A Street. Zoned DT-G within downtown Oxnard Specific Plan. Amazing opportunity to develop market-rate, affordable, or senior housing in Oxnard's growing downtown district!
Location
State CA
County Ventura
Area Vc31 - Oxnard - Nw
Zoning DT-G
Exterior
Community Features Curbs,Gutters,Sidewalks
Utilities Available Sewer Connected,Water Connected,Electricity Connected,Natural Gas Connected
View Y/N No
View None
Building
Lot Description Corner Lot,Level,Sprinklers None
Sewer Public Sewer