137 W 1st Street, Oxnard, California 93030

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.