Property profile

137 W 1St St Oxnard, CA 93030

FOR SALE
Other investment properties
Property ID
US10-1604927
5,912 SF 0.48 ac lot Built 1922
Entity Owned 4-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

The property is located in downtown Oxnard at the corner of West 1st Street and South N Street, on an approximately 0.48-acre corner lot with alley access. It is zoned DT-G under the downtown Oxnard Specific Plan. The site includes existing improvements consisting of a 5,900-square-foot commercial building and a 3,900-square-foot garage. It is supported by approved plans and entitlements for development of a six-story, 53-unit multifamily apartment building totaling 44,338 square feet, with balconies for each unit, 29 covered parking spaces, and a 2,846-square-foot rooftop terrace. The proposed unit mix comprises 48 one-bedroom units ranging from 547 to 964 square feet and 5 two-bedroom units of 964 square feet, including six units designated as affordable housing. The site is suitable for developing market-rate, affordable, or senior housing based on the approved residential development plan.

Property profile

Verified
Property type Other investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1922
Total area 5,912 SF
Lot 0.48 ac (20,908 SF)
Zoning code C2
APN 202-0-055-070
UPID US10-1604927

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Church

Location

137 W 1St St Oxnard, CA 93030
Oxnard metro Census 8700 OXNARD-THOUSAND OAKS-VENTURA, CA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.26M
CAP Approach CAP
$1.35M
Comparable Approach Comparable
$1.51M
Blend (final) Blend
$1.23M

Owner & transaction history

since 2021
Last sale
$1.0M
4 recorded transactions
2021
$1.0M
2016
$800,000
1996
$175,000
1994
$175,000

Zoning & alternative use

C2 · Oxnard, CA
Top alternative use upside
Warehouse, storage $1.7M +49.4%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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More about this property
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