About 137 W 1st Street
Price reduced! Attention Developers & Investors! Rare 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 sq ft. The parcel 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) 1-BR units (547 sf-964 sf) and (5) 2-BR units (964 sf). 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! Owner may consider carry of 1st loan at agreed upon terms and conditions.
Features of 137 W 1st Street
| MLS® # | V1-36336 |
|---|---|
| Price | $1,925,000 |
| Bathrooms | 0.00 |
| Acres | 0.48 |
| Type | Land |
| Status | Active |
Community Information
| Address | 137 W 1st Street |
|---|---|
| Area | VC31 - Oxnard - Northwest |
| Subdivision | Oxnard: Other - 0031 |
| City | Oxnard |
| County | Ventura |
| Zip Code | 93030 |
Amenities
| View | None |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
Interior
| Has Basement | No |
|---|---|
| Fireplace | No |
Exterior
| Lot Description | Corner Lot, Level, Sprinklers None |
|---|
Additional Information
| Date Listed | May 9th, 2026 |
|---|---|
| Days on Market | 129 |
| Zoning | DT-G |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Doug Kubiske |
|---|---|
| Office | RE/MAX Gold Coast REALTORS |