$17,134/mo
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.