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!
Property Details
Price:
$2,750,000
MLS #:
V1-30210
Status:
Active
Baths:
0
Address:
137 W 1st Street 2020055070
Type:
Land
Subdivision:
Oxnard: Other – 0031
Neighborhood:
vc31oxnardnorthwest
City:
Oxnard
Listed Date:
May 27, 2025
State:
CA
ZIP:
93030
Lot Size:
21,000 sqft / 0.48 acres (approx)
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- Address137 W 1st Street 2020055070 Oxnard CA
- AreaVC31 – Oxnard – Northwest
- SubdivisionOxnard: Other – 0031
- CityOxnard
- CountyVentura
- Zip Code93030
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137 W 1st Street 2020055070
Oxnard, CA
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