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Listed by Doug Kubiske • RE/MAX Gold Coast REALTORS
$ 2,450,000
Est. payment /mo
Active
137 W 1st Street Oxnard, CA 93030
44,348 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 44,348 sqft
Price per Sqft $55
MLS Listing ID CRV1-30244
HOA Y/N No
Year Built 1922
Lot Size 0.482 Acres
Property Sub-Type Other
Source Datashare California Regional
Property Description
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!
Location
State CA
County Ventura
Interior
Heating None
Cooling None
Fireplace No
Laundry No Hookups
Exterior
View None
Building
Lot Description Corner Lot, Level, Other
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