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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!
Last Updated | 5/27/2025 | Tract | Oxnard: Other - 0031 |
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Community | Oxnard - Northwest | County | Ventura |
Additional Details
AREA | Oxnard - Northwest |
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HOA DUES | 0 |
LOT | 0.48 acre(s) |
LOT DESCRIPTION | Corner Lot, Level, Sprinklers None |
SEWER | Public Sewer |
SUBDIVISION | Oxnard: Other - 0031 |
UTILITIES | Electricity Connected,Natural Gas Connected,Sewer Connected,Water Connected, Electric: Standard |
VIEW DESCRIPTION | None |
WATER | Public |
ZONING | DT-G |
Location
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