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About This Home
This 3-bedroom, 0-bathroom residential multi family at 137 W 1st Street in Oxnard, CA is listed for $1,925,000. Built in 1928, on a 0.48 acres lot.
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!
Key Features
- Built in 1928
- 0.48 acre lot
- 29 parking spaces
Property Details
Amenities
Monthly Cost Estimate
$10,295/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
137 W 1st Street
Oxnard, CA 93030
Oxnard: Other - 0031
Features & Amenities
Exterior Features
Property Details
Views
Parking
Cooling
Questions & Answers
This 3-bedroom, 0-bathroom residential multi family at 137 W 1st Street is listed at $1,925,000. The estimated monthly payment is $8,342 based on 20% down at 6.5% interest.
Key features include: Built in 1928, 0.48 acre lot, 29 parking spaces. Exterior Features: Fence, Community Features Included: Gutters, Curbs.
This property is listed by Doug Kubiske and can be reached at 8054438957 or dkubiske@gmail.com.
