Property Detail

Description

-1251-1263 S Oxnard Blvd, Two Separate APNs Existing 9-Unit Apartment Property Plus Adjacent Vacant Land -Significant Development Potential Opportunity for 25+ Additional Units Across Both Parcels -Highest & Best Use Includes Multifamily / Affordable Housing Development -2023 Certificate of Occupancy -Exempt from State & Local Rent Control Through 2038 -Fully Rebuilt in 2012 All 9 Existing Units Torn Down to the Foundation & Reconstructed -Rare Opportunity Combining Existing Multifamily Income with Substantial Development Upside -Potential to Generate In-Place Income While Pursuing Future Development