137 W 1st Street, Oxnard, CA 93030

• 44,348 sqft

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!

Listing Status:

Active

Date Added:

May 28, 2025 at 05:00AM

Listing Office:

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

Listing Agent:

Doug Kubiske : (805) 443-8957

MLS ID:

V1-30244

Interior

• Laundry: None
• A/C: None
• Heating: None
• Fireplace: None

Exterior

• General: None
• Pool: None
• Parking: Parking spaces: 29

Construction

• General: Three Or More

Location

• Road/Access: AlleyCity Street
• HOA Amenities: 0.0
• Originating MLS: CRMLS_CRF
• County: Ventura

Lot

• Zoning: DT-G2020055070
• View: None
• Fencing: Block

Utilities

• Water: Public
• Sewer: Public Sewer

Financial

• Source: CRMLS_CRF

This listing courtesy of Doug Kubiske, RE/MAX Gold Coast REALTORS