137 W 1st Street, Oxnard, CA 93030 - MLS#V1-30244 - Arash Rokni

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Arash Rokni

arash@roknigroup.com +1(619) 762-0777

$2,750,000

Est. payment - /mo

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Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID V1-30244

Property Sub-Type Res Income 2-4 Units

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!

Location

State CA

County Ventura

Zoning Assessor

Direction Oxnard Blvd to First Street

Interior

Fireplace No

Exterior

View Y/N No

Others

Tax ID 2020055070

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Listed by Doug Kubiske RE/MAX Gold Coast REALTORS

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Arash Rokni

REALTOR® | CADRE# 02005305

+1(619) 762-0777 | arash@roknigroup.com

San Diego Communities

137 W 1st Street Oxnard, CA 93030

Arash Rokni

Key Details

Location

Interior

Exterior

Others

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