137 W 1st StreetOxnard, CA 93030

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.

Property Information

Property type

Residential Income

Year built

1928

Lot size

0.48 acres

Parking spaces

29

Zoning

DT-G

Days on market

144

MLS^® Listing#

V1-36335

Property Features

Cooling

None

Heating

None

Fireplace

None

Pool

None

Parking

None

Laundry

None

Fencing

Block

Lot features

Corner Lot · Level

Community

Curbs · Sidewalks

Sewer

Public Sewer

Water source

Public

Parcel number

5120103080

Directions

Oxnard Blvd to 1st Street. Property is on the corner of W. 1st Street and A Street.