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137 W 1st Street, Oxnard, CA 93030

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For Sale

$2,750,000

44,348 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • $62.01
    Price per square foot

  • Over 50 Years Old
    Age

Explore this Property

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!
MLS# V1-30244

Courtesy Of RE/MAX Gold Coast REALTORS

(805) 484-1600

Property Features

  • Age
    Over 50 Years Old
  • Architecture Style
    Other

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Directions to 137 W 1st Street, Oxnard, CA 93030

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† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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