137 W 1st Street, Oxnard, CA 93030

$1,925,000 Approx. USD 0 beds, 0 baths

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Photo of Brett Ellingsberg

Marketed By Brett Ellingsberg REALTOR® - Broker Associate 805-729-4334 m
805-729-4334 o
805-456-4567 f
Lic#: 01029715
NRDS ID: 201030207
syvhome@yahoo.com Santa Ynez Valley Office
2933 San Marcos Ave, Suite 102
Los Olivos, CA 93441
Phone: 805-688-1794
Fax: 805-688-5970

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Agent Remarks

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.

Listing Details

Property type: (Lots/Land)

Status: Active

MLS# V1-36336

Price: $1,925,000

HOA Fee is $0.00

Beds: 0

Baths: 0

0.48 acres

Lot size: 0.4821

Subdivision: Oxnard: Other - 0031

County: Ventura