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Listed by Doug Kubiske • RE/MAX Gold Coast REALTORS
$ 2,450,000
Est. payment | /mo
44,348 SqFt
$ 2,450,000
Est. payment | /mo
44,348 SqFt
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 44,348 sqft
Price per Sqft $55
Subdivision Oxnard: Other - 0031
MLS Listing ID V1-30244
Year Built 1922
Lot Size 0.482 Acres
Source California Regional Multiple Listing Service (CRMLS)
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 - Nw
Zoning DT-G
Interior
Heating None
Fireplaces Type None
Laundry None
Exterior
Parking Features None
Pool None
Community Features Curbs, Gutters, Sidewalks
View Y/N No
View None
Building
Lot Description Corner Lot, Level, Sprinklers None
Sewer Public Sewer