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.
Details
| MLS # | V1-36336 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 120 |
| Listing Provided By | RE/MAX Gold Coast REALTORS | Doug Kubiske |
Features
| Zoning | DT-G |
|---|---|
| Acreage | 0.48 |
| Property View | None |
Exterior
| Lot Features | Corner Lot, Level, Sprinklers None |
|---|
Utilities
| Sewer | Public Sewer |
|---|
Location
| Community Features | Curbs, Gutters, Sidewalks |
|---|
Area Information
| State | CA |
|---|---|
| County | Ventura |
| City | Oxnard |
| Zip Code | 93030 |
| Area | VC31 Oxnard Northwest |
| Community Name | Oxnard: Other 0031 |
| Listing VS Median (in Oxnard: Other 0031) | |
Price: $1,925,000 low | high Med: $0 On site: 120 low | high Med: | |
Market Activity 93030
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Learn More About This Property
| State | CA |
|---|---|
| County | Ventura |
| City | Oxnard |
| Zip Code | 93030 |
| Area | VC31 Oxnard Northwest |
| Community Name | Oxnard: Other 0031 |
| Listing VS Median (in Oxnard: Other 0031) | |
Price: $1,925,000 low | high Med: $0 On site: 120 low | high Med: | |
 | $1,925,000137 W 1st StreetOxnard, CA 93030 |