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Land For Sale • 0.87 AC
Price Reduced — Infill Redevelopment with Income. 258 W. Pleasant Valley Rd is a ±0.87-acre (±38,224 SF) C-2–zoned site with two-street access (W. Pleasant Valley Rd & Canterbury St) offering flexible General Commercial uses and potential multifamily or mixed-use redevelopment (subject to City approvals—Buyer to verify). The property is fully occupied with three existing buildings providing covered-land cash flow while you pursue entitlements: a ±1,300 SF restaurant at 258 W. Pleasant Valley Rd (currently $2,000/mo), and two single-family homes—241 Canterbury (±1,360 SF, 3BD/2BA, $3,400/mo) and 243 Canterbury (±1,200 SF, 4BD/2BA, $3,800/mo). Combined GSI ˜ $9,200/mo ($110,400/yr). Strategically located near Naval Base Ventura County and the deep-water Port of Hueneme, with quick access to Hwy 1 and US-101, this site is a compelling opportunity for a developer, owner-user, or investor to hold for income today and unlock higher and better use tomorrow.
| Lot Size: ±0.87 AC (±38,224 SF) |
| Zoning: C-2 (General Commercial) — wide range of commercial uses; multifamily potential with approvals (Buyer to verify) |
| Access: Dual frontage/ingress via W. Pleasant Valley Rd & Canterbury St |
| Improvements: ±1,300 SF restaurant + two SFRs (3BD/2BA & 4BD/2BA) — all occupied |
| Income (GSI): $9,200/mo | $110,400/yr (Homes: $3,400 & $3,800; Restaurant: $2,000) |
| Use Case: Ideal covered-land play—collect income while entitling a higher-density commercial or residential program |
| Commuter Rail | Drive | Walk | Distance |
|---|---|---|---|
| Oxnard (Ventura County Line - Southern California Regional Rail Authority (Metrolink)) | 7 min | - | 3.3 mi |
| 14 min | - | 7.8 mi |
Douglas Kubiske
RE/MAX Gold Coast Realtors
Douglas Kubiske
RE/MAX Gold Coast Realtors
