Huge Price Reduction!!! Unique opportunity to acquire over one acre of land in the City of Oxnard! These R4PD units are well located within short proximity to major transportation arteries, the Point Mugu Base, The Port of Hueneme, Oxnard College, and a dense, skilled workforce. Perfect for multifamily units or creative uses, the Property benefits from highly supply-constrained market, while taking advantage of historically low financing costs. The unit located at 2931 Albany Drive offers 5,309 Sq. Ft. in construction and 14,347 Sq. Ft. of land area. The adjacent unit is divided by an alley 2929 Albany Drive which offers 7,920 Sq. Ft. in construction and 36,216 Sq. Ft. of land area. 2929 Albany Drive is located at the corner of Channel Islands Blvd and Albany Drive. These units offer a combined building square footage of 13,229 Sq. Ft. and combined land area of 50,563 Sq. Ft. The zoning is R4PD currently being used as a school. These units are centrally located along Channel Islands Boulevard, one of the City's major thoroughfares, the Property benefits from excellent traffic counts, a dense residential population within the trade area, and close proximity to HWY 1.