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$2,750,000

Est. payment - /mo

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0.48 Acres Lot

Active

137 W 1st ST Oxnard, CA 93030

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Nathan King Real Estate Group

info@kingrealestate.group +1(559) 396-0000

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Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Subdivision Oxnard: Other - 0031

MLS Listing ID V1-30244

HOA Y/N No

Year Built 1922

Lot Size 0.482 Acres

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

Area Vc31 - Oxnard - Northwest

Zoning DT-G

Interior

Heating None

Cooling None

Fireplaces Type None

Fireplace No

Laundry None

Exterior

Parking Features None

Fence Block

Pool None

Community Features Curbs, Gutter(s), Sidewalks

View Y/N No

View None

Total Parking Spaces 29

Private Pool No

Building

Lot Description Corner Lot, Level, Sprinklers None

Story Three Or More

Entry Level Three Or More

Sewer Public Sewer

Water Public

Level or Stories Three Or More

Others

Senior Community No

Tax ID 2020055070

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Special Listing Condition Standard

Listed by Doug Kubiske RE/MAX Gold Coast REALTORS

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Nathan King Real Estate Group

Broker | License ID: 01878277

+1(559) 396-0000

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