137 W 1st St Oxnard, CA 93030

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.