$2,500,000

Attention Developers and Investors! A great opportunity acquire an entitled downtown Oxnard Property with approved plans for a three-story, 23-unit mixed-income multifamily development totaling 31,636 SF . The project merges two half-acre parcels into a nearly one-acre site, replacing an existing SFR with a thoughtfully designed residential community. Zoned R-2 Multiple Family ResidentialThe development offers a balanced unit mix, (9) 1BR units (665-717 SF) and (14) 2BR units (905-922 SF). Five of the units are designated affordable. Type V-A construction, and designed with accessibility in mind, featuring elevator service to all levels.Planned amenities include a ground-floor community lounge (563 SF), package and delivery center, second-floor community room (620 SF) and fitness center (551 SF), as well as third-floor outdoor decks (1,167 SF). Each residence will also enjoy a private patio or balcony.The project provides 41 parking spaces, including EV-ready and EV-charging stalls, along with bicycle racks, meeting both state and local sustainability requirements. Landscaped open space and on-site community features create an attractive living environment within walking distance of neighborhood services and schools.Tenants in the Existing residence generate $2650/month income. Sale includes plans, reports and city planning approvals.