137 W 1st Street, Oxnard, CA 93030

• 3 beds |
• 3 baths

Property Description

Price reduced! Attention Developers & Investors! Rare opportunity to acquire a proposed and entitled downtown Oxnard property with approved plans for a 6-story, 53-unit multifamily apartment building totaling 44,338 sq ft. The parcel 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) 1-BR units (547 sf-964 sf) and (5) 2-BR units (964 sf). 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! Owner may consider carry of 1st loan at agreed upon terms and conditions.

Listing Status:

Active

Date Added:

May 9, 2026

Data Last Updated:

June 24, 2026 at 4:12PM

Listing Office:

RE/MAX Gold Coast REALTORS : (805) 484-1600

Listing Agent:

Doug Kubiske : 805-443-8957

MLS ID:

V1-36335

Interior

• A/C: N/K
• Heating: N/K

Exterior

• General: N/K
• Pool: N/K

Construction

• General: 3 Story

Location

• HOA Amenities: 0.0
• Originating MLS: CRMLSF
• County: Ventura

Lot

• Zoning: Assessor5120103080

Financial

• Source: CRMLSF