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137 W 1st St
Oxnard, CA 93030
53-unit entitled Oxnard apartment site · Land For Sale · 0.48 AC

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INVESTMENT HIGHLIGHTS

  • Approved plans for 53-unit apartment complex
  • Corner lot w/alley access
  • Downtown Oxnard location

EXECUTIVE SUMMARY

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. The 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). Only 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!

PROPERTY FACTS

Sale Type Investment
Sale Condition Redevelopment Project
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use Multifamily
Total Lot Size 0.48 AC
Zoning DT-G - Downtown General Zone

1 LOT AVAILABLE

Lot

Price $3,101,242 CAD
Price Per AC $6,432,858.49 CAD
Lot Size 0.48 AC

21,000 square foot downtown Oxnard corner lot with alley access. Downtown General Zone (DT-G). Approved plans for 53-unit apartment complex.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
202-0-055-070
Land Assessment
$1,047,495 CAD
Improvements Assessment
$486,336 CAD
Total Assessment
$1,533,830 CAD
  • Listing ID: 38521739

  • Date on Market: 2025-11-20

  • Last Updated:

  • Address: 137 W 1st St, Oxnard, CA 93030

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