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$2,450,000
Est. payment /mo
0.48 Acres Lot
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Lots/Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID V1-30210
Lot Size 0.482 Acres
Property Sub-Type Lots/Land
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
Direction Oxnard Blvd to First Street
Interior
Fireplace No
Exterior
Utilities Available Electric
View Y/N No
Present Use Commercial
Others
Senior Community No
Tax ID 2020055070
Acceptable Financing Cash
Listing Terms Cash
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Listed by Doug Kubiske RE/MAX Gold Coast REALTORS
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