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$ 1,925,000
Est. payment /mo
New
137 W 1st Street Oxnard, CA 93030
3 Beds
3 Baths
0.48 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID V1-36335
Bedrooms 3
Lot Size 0.482 Acres
Property Sub-Type Res Income 2-4 Units
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
Zoning Assessor
Direction Oxnard Blvd to 1st Street. Property is on the corner of W. 1st Street and A Street.
Interior
Fireplace No
Exterior
View Y/N No
Others
Senior Community No
Tax ID 5120103080
Acceptable Financing Cash, Seller May Carry
Listing Terms Cash, Seller May Carry
Listed by Doug Kubiske, DRE#01005725 RE/MAX Gold Coast REALTORS
NEARBY SCHOOL & BUSINESS