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Listed by Doug Kubiske • RE/MAX Gold Coast REALTORS
$ 1,925,000
Est. payment /mo
Active
137 West 1st Street 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 V1-36336
Lot Size 0.482 Acres
Source California Regional Multiple Listing Service (CRMLS)
Property Description
Price reduced! Attention Developers & Investors! Rare opportunity to acquire a proposed and entitled downtown Oxnard property with approved plans for a 6-story, 53-unit multifamily apartment building totaling 44,338 sq ft. The parcel 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) 1-BR units (547 sf-964 sf) and (5) 2-BR units (964 sf). 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! Owner may consider carry of 1st loan at agreed upon terms and conditions.
Location
State CA
County Ventura
Area Vc31 - Oxnard - Nw
Zoning DT-G
Exterior
Community Features Curbs, Gutters, Sidewalks
View Y/N No
View None
Building
Lot Description Corner Lot, Level, Sprinklers None
Sewer Public Sewer