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15091 Varsity Street C, Moorpark, California 93021, Moorpark, 93021 - 3 bed, 3 bath

15091 Varsity Street C, Moorpark, California 93021 home-pic-0
ACTIVE$585,000
15091 Varsity Street C, Moorpark, California 93021
3Beds
3Baths
1,514Sqft
1,306Lot
Year Built
1980
Close
-
List price
$585K
Original List price
$605K
Price/Sqft
$386
HOA
$604
Days on market
-
Sold On
-
MLS number
V1-29717
Home ConditionGood
Features
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $585.0K(50th), sqft - 1514(87th), beds - 3(50th), baths - 3(50th).

OPPORTUNITY TIME! This Varsity Park condo is the larger 1514 sq. ft. model. Owner reports that this unit has been upgraded in many ways over the past 18 years, including complete kitchen renovation, bathroom upgrades, newer air conditioner unit, newer carpet and more. This property also includes a one car attached garage, a separate one car detached garage and a small fenced back yard. Unit is currently occupied by very high quality, long term tenants who are very private and strongly prefer to stay. Great investor opportunity! Seller is willing to carry financing at below current market rate for a qualified buyer/borrower who has 20% down and good credit. NO SHOWINGS! Buyers to submit offer 'subject to inspection' only - no exceptions.

Nearby schools

7/10
Campus Canyon College Preparatory Academy
Public,•K-8•0.4mi
6/10
Moorpark High School
Public,•9-12•3.4mi
Condition Rating
Good
Built in 1980, this condo has undergone significant renovations over the past 18 years, including a complete kitchen renovation, bathroom upgrades, newer AC, and carpet. The images confirm a modern, updated kitchen with stainless steel appliances, contemporary cabinets, and dark countertops, along with a stylishly updated bathroom vanity and fixtures. While the exterior shows its age, the interior's key areas are move-in ready and appear to have been updated within the last 5-15 years, aligning with the 'Good' condition criteria.
Pros & Cons

Pros

Investor-Ready Asset: Features high-quality, long-term tenants who prefer to stay, ensuring immediate rental income and stability for investors.
Favorable Seller Financing: Opportunity for qualified buyers to secure financing at below-market interest rates directly from the seller, enhancing affordability.
Significant Recent Upgrades: Property boasts extensive renovations over the past 18 years, including a complete kitchen, updated bathrooms, newer AC, and carpet.
Spacious Layout & Dual Garages: A larger 1514 sq. ft. model complemented by both an attached and a separate detached one-car garage, plus a private fenced backyard.
Prime Location & School Access: Situated in the desirable Varsity Park subdivision with close proximity to highly-rated Campus Canyon College Preparatory Academy.

Cons

Restricted Access for Viewings: Strict 'no showings' policy before offer acceptance creates a significant hurdle for buyers and increases perceived risk.
Substantial Monthly HOA Dues: The $604 association fee is relatively high, impacting overall affordability and potential investment returns.
Tenant Occupancy & Privacy: Current long-term tenants' strong preference to remain and privacy requirements complicate the sales process, particularly for owner-occupant buyers.

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