9
See all 9 photos
$1,925,000
Est. payment /mo
0.48 Acres Lot
Active
137 W 1st ST Oxnard, CA 93030
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Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
Subdivision Oxnard: Other - 0031
MLS Listing ID V1-36336
HOA Y/N No
Lot Size 0.482 Acres
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 - Northwest
Zoning DT-G
Interior
Fireplace No
Exterior
Community Features Curbs, Gutter(s), Sidewalks
View Y/N No
View None
Present Use Commercial
Building
Lot Description Corner Lot, Level, Sprinklers None
Sewer Public Sewer
Water Public
Others
Senior Community No
Tax ID 5120103080
Acceptable Financing Cash, Cash to New Loan, Owner May Carry, Submit
Listing Terms Cash, Cash to New Loan, Owner May Carry, Submit
Special Listing Condition Standard
Listed by Doug Kubiske RE/MAX Gold Coast REALTORS #01005725
NEARBY SCHOOL & BUSINESS
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