MLS® ID: SR17135284
1531 E Hueneme Road
Oxnard, California, 93033 $8,500,000
1531 E. Hueneme is an exciting opportunity to develop a large scale residential development in the supply constrained Oxnard/Pt. Hueneme residential real estate market. The two parcels currently being used for agricultural purposes total 14.77 acres (643,381 sq. ft.). The property is currently in Unincorporated Ventura County, however it’s located within the City of Oxnard’s Sphere of Influence, meaning a development would trigger annexation into the City of Oxnard.
The City of Oxnard has specified in the Oxnard General Plan 2030, the land use for these lots as RM (Residential Medium). The zoning allows for 12-18 dwelling units per acre, allowing for apartments, townhouses and other forms of attached housing.
This land use was established in support of a previously proposed project during the last building cycle. Per the current Principle Planner of the City of Oxnard, any development would likely require an amendment to the general plan to revise the zoning designations, allowing considerable zoning flexibility in terms of what land use a developer would like to propose.