5690 Cypress Rd Oxnard, CA 93033
Cypress NeighborhoodEstimated payment $21,461/month
Highlights
- 1.14 Acre Lot
- Views
- 3-minute walk to Garden City Acres Park
About This Lot
Option for Covered Land Play: 1) Average gross income from all sources over the past 2 years is approximately$569k annually. Each dormitory has a wall heater. Separate buildings house bathrooms, laundry and showers. 2) Sober living operation brings in$875 per bed monthly. property has the capacity of 110 beds/occupants across 13 dormitories. The property is partially occupied at present. 3) Seasonal H-2A temporary agricultural farm workers (averages ~77 workers)5 months of the year (March throughJuly) that each pay $1,200 per month(just over $92,000 monthly income). 4) The City of Oxnard rents out ~20 beds per month for foul weather shelter typically from December to March depending on how bad the weather is.An Average of $12,000 monthly income from the city during bad weather months.****** A 49,658 Square Feet (1.14 AC) site, located in Oxnard California. This property presents a pristine canvas for innovative development, offering the chance to construct something extraordinary for the community while generating substantial returns. Located in the south of Oxnard, with many different use cases possible, this property offers a blank canvas for your vision, with the potential to create something truly remarkable.The property, zoned R3PD, allows for a variety of development options from a multifamily development, affordable housing, orCondominiums, the options are boundless. The buyer of this land has the freedom to create their dream project. Whether it is an apartment complex with ground floor retail, or any number of the commercial uses permitted. Don't miss out on this exceptional opportunity to shape Oxnard's real estate landscape.
Property Details
Property Type
- Land
Est. Annual Taxes
- $9,483
Lot Details
- 1.14 Acre Lot
- Property is zoned R-2-PD-AHP
Utilities
- Phone Available
- Cable TV Available
Additional Features
- Property Views
Listing and Financial Details
- Assessor Parcel Number 223-0-041-030
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $9,483 | $812,405 | $580,291 | $232,114 |
| 2023 | $9,639 | $796,476 | $568,913 | $227,563 |
| 2022 | $9,074 | $780,859 | $557,758 | $223,101 |
| 2021 | $9,071 | $765,549 | $546,822 | $218,727 |
| 2020 | $9,326 | $757,701 | $541,216 | $216,485 |
| 2019 | $8,978 | $742,845 | $530,604 | $212,241 |
| 2018 | $8,866 | $728,280 | $520,200 | $208,080 |
| 2017 | $8,638 | $714,000 | $510,000 | $204,000 |
| 2016 | $8,247 | $700,000 | $500,000 | $200,000 |
| 2015 | $1,792 | $128,574 | $50,169 | $78,405 |
| 2014 | $1,759 | $126,057 | $49,187 | $76,870 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/18/2025 04/18/25 | Price Changed | $3,700,000 | -7.5% | -- |
| 01/11/2025 01/11/25 | For Sale | $4,000,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | -- | None Available | |
| Grant Deed | $600,000 | Chicago Title Company | |
| Interfamily Deed Transfer | -- | Chicago Title Company | |
| Interfamily Deed Transfer | -- | Chicago Title Company | |
| Interfamily Deed Transfer | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $250,000 | Construction | |
| Closed | $2,236,000 | Commercial | |
| Closed | $200,000 | Unknown | |
| Closed | $189,000 | Unknown | |
| Closed | $1,885,000 | Stand Alone Refi Refinance Of Original Loan | |
| Closed | $200,000 | Commercial | |
| Closed | $1,200,000 | Commercial | |
| Previous Owner | $200,000 | Commercial | |
| Previous Owner | $725,000 | Commercial |
Source: The MLS
MLS Number: 25-480661
APN: 223-0-041-030
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