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137 W 1st ST Oxnard, CA 93030
0.48 Acres Lot
UPDATED:
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
Subdivision Oxnard: Other - 0031
MLS Listing ID V1-30210
HOA Y/N No
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 - Northwest
Zoning DT-G
Interior
Fireplace No
Exterior
Fence Block
Community Features Curbs, Gutter(s), Sidewalks
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
View Y/N No
View None
Present Use Commercial,Multi-Family
Building
Lot Description Corner Lot, Level, Sprinklers None
Sewer Public Sewer
Water Public
Others
Senior Community No
Tax ID 2020055070
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Special Listing Condition Standard
Listed by Douglas Kubiske • RE/MAX Gold Coast REALTORS