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Listed by Douglas Kubiske • RE/MAX Gold Coast REALTORS
$ 2,850,000
Est. payment | /mo
0.48 Acres Lot
$ 2,850,000
Est. payment | /mo
0.48 Acres Lot
Key Details
Property Type Vacant Land
Sub Type Other Residential Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRV1-30210
Lot Size 0.482 Acres
Property Sub-Type Other Residential Land
Source California Regional MLS
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 LL,PRKG,SPKN
Exterior
View None
Building
Lot Description Grade - Level
Water District - Public
Others
Tax ID 2020055070
Special Listing Condition Not Applicable
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