Entitled Multifamily Development
For Sale
$1,925,000
137 W 1st St, Oxnard, CA 93030
Approved plans for 53-unit multifamily building in downtown Oxnard.
Property Size44,338 SF
Lot Size0.50 Acres
Price / SF$43.42
Days on Market112
Property Features for 137 W 1st St
General Information
Standard status
Active
Size
44,338 SF
Lot size
0.50 Acres
Property subtype
Investment
Building Details
Year Built
1928
Units
53
Listing Agency:
RE/MAX Gold Coast
(805) 512-4422
Listed By:
Joshua Kubiske · License #01005725
(805) 512-4422
Source:
Elliman
Added: May 12
Changed: Aug 22
Last Checked: Aug 30 at 8:38PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Gold Coast
Investment Insights
Based on property information with market context.
This is an 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 square feet. The parcel is approximately 1/2 acre on a corner with alley access. The proposed design features balconies for each unit, 29 covered parking spaces, and a 2,846 square foot rooftop terrace. The unit mix includes 48 one-bedroom units ranging from 547 to 964 square feet and 5 two-bedroom units of 964 square feet. Six of the units are designated as affordable. Existing improvements include a 5,900 square foot commercial building and a 3,900 square foot garage. Current tenants generate $2,500 per month in income, with potential for additional income through leasing vacant spaces short-term or for storage use. The sale includes plans, reports, and city approvals. The property is located at W. 1st Street & S. N. A Street, zoned DT-G within the downtown Oxnard Specific Plan. It is located in Oxnard's growing downtown district. The location has a walk score of 96, making it a walker's paradise, a bike score of 56, making it bikeable, and a transit score of 46, indicating some transit options.
Key Highlights
- Approved plans for a 6‑story, 53‑unit multifamily apartment building (44,338 sq ft) on a 1/2 acre corner parcel.
- Entitled property in downtown Oxnard, zoned DT‑G, suitable for market‑rate, affordable, or senior housing.
- Type III‑A construction allows for cost‑effective building.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,826
Businesses Nearby
Explore this area
Business Placement
Demographics for 93030, CA
59,011
Population
15,966
Households
3.7
Avg Household Size
33
Median Age
19%
College-Educated
70%
High-School Grad
14.1 sq mi
ZIP Area
4,185
Density / Sq Mi
$90,067
Median Household Income
$36,217
Median Earnings
$1,853
Median Rent
$639,800
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - Approved plans for 53-unit multifamily building in downtown Oxnard.
Where is this commercial land located?
The property is located at 137 W 1st St Oxnard, CA.
What is the asking price?
The asking price for this property is $1,925,000.
What are key features of this property?
This property features: Approved plans for a **6‑story, 53‑unit multifamily apartment building** (44,338 sq ft) on a 1/2 acre corner parcel.; Entitled property in downtown Oxnard, zoned DT‑G, suitable for market‑rate, affordable, or senior housing.; Type III‑A construction allows for cost‑effective building.
