
Oxnard, California 93033
Analysis of 1239 S C Street, Oxnard, California 93033 is currently available with a list price of $2,500,000. The property maintains a Tear down Condition Rating (10/100), reflecting significant deferred maintenance. This property is best suited for experienced investors or developers prepared for substantial renovation work. Located in a high-demand neighborhood within the Oxnard Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Property is land value only, full reconstruction required.
The property is marketed as a development opportunity with approved plans to replace the existing 1915 single-family residence with a 23-unit multifamily complex. While the current structure generates rental income, it is over 100 years old and the listing's primary value is based on the land and entitlements for demolition and redevelopment.
The property is sold with approved plans and city entitlements for a 23-unit multifamily project, significantly reducing the development timeline and entitlement risk for investors.
An existing residence on the site generates $2,650 per month in rental income, providing immediate cash flow to help offset holding costs during the pre-construction phase.
The approved plans include high-demand features such as elevator service, EV-ready parking, a fitness center, and private balconies, ensuring strong marketability upon completion.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =21780, other record lot size in square feet = 21344.
Five of the 23 planned units are designated as affordable housing, which may impact the project's overall net operating income and long-term valuation.
The listing has undergone substantial price reductions from $3.55M to $2.5M, which may suggest previous overvaluation or market resistance to the initial pricing.
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.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 0% |
| Baths | - | - | 0% |
| Square foot | - | - | 0% |
| Lot Size | - | - | 0% |
| Price | - | - | 0% |
| Price per sq ft | - | - | 0% |
| Built year | 1915 | - | 0% |
| HOA | $0 | $0 | 0% |
| Days on market | - | - | 0% |
Feb 26, 2026
$2,500,000
$2,950,000
-15% Price Drop
Initial Listing
Nov 22, 2025
$2,950,000
$3,550,000
-17% Price Drop
Initial Listing
Aug 21, 2025
$3,550,000
Initial Listing
May 31, 2018
$525,000
Public Record
Sep 22, 2016
$575,000
Public Record
Feb 26, 2016
$400,000
Public Record