Description
21,000 Square Foot Lot in Hobson Park. Plans for 4-Story, 19-Unit MFR First Level Parking Structure. One, Two and Three-Bedroom Units. Two Units Designated Low Income Housing. Building Plans in Final Plan Check w/City of Ventura (approximately 60 days for RTI). APN s: 2020152305, 315, 325. Zoning: R3 New development is quite common in this market. Approximately 88 units have been delivered during the past year, which is consistent with the five-year average. Development is set continue as more than 450 new units are underway. Rents have increased by over 12.5% during the last year - the strongest annual performance in more than 10 years. Investors and developers are quite active in the Oxnard submarket and the market price has risen dramatically, currently standing at approximately $410,000 per unit. 816 G Street is approximately $200,000 per unit.
Location
Similar Listings
$120,000,000
12
18
31,608 Sq ft
MLS# 22-154733
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Listing Agent: Scott Goldman 02029192 Courtesy of: Berkshire Hathaway HomeServices California Propert "All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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Updated: 2nd July, 2022 7:19 AM (UTC)
