2420 Oceanic Drive, Fairfield, CA 94533, Fairfield, 94533 - 3 bed, 2 bath
Loading property details...
Fairfield, CA 94533
This property presents a Strong Value Opportunity with a List Price of $400,000—positioned well below the $365,978 Fair Market Value by -9%. While the property requires significant capital for modernization due to its Condition Rating of 5, the functional 3-bedroom, 2-bath layout on a 6,098 sqft lot provides a solid foundation for forced appreciation. Located near major commuter routes and employment centers, this asset is a strategic acquisition for Fix-and-Flip Investors or Contractors seeking to maximize equity through comprehensive renovation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2420 Oceanic Drive Subject | $400,000* List Price | 3 | 2 | 1,230 | $298 | - |
A 2488 Beaufort Drive Sold | $450,000 List Price | 3 | 2 | 1,256 | 0.2 mi | |
B 855 Meadowlark Drive Sold | $395,000 | 4 | 2 | 1,584 | $249 | 0.6 mi |
C 1870 San Pedro Court Sold | $480,000 | 3 | 2 | 1,326 | $362 | 0.8 mi |
D 793 Marigold Drive Sold | $420,000 | 4 | 2 | 1,556 | $270 | 0.5 mi |
E 1012 Sparrow Lane Sold | $513,600 | 4 | 3 | 1,716 | $299 | 0.6 mi |
F 2202 Sandpiper Drive Sold | $421,000 | 4 | 2 | 1,608 | $262 | 0.8 mi |
G 607 San Lorenzo Street Active | $439,000 List Price | 3 | 2 | 1,338 | $328 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1965 and explicitly marketed as a 'fixer' and 'value-add opportunity,' this property requires a full rehab. Interior photos show heavily stained/damaged flooring, dated wood paneling, and wall deterioration. The presence of a window AC unit suggests outdated or non-functional central systems, and the kitchen and baths likely require complete modernization to meet current standards.
Priced significantly below renovated homes in the area, this property offers a prime value-add opportunity for investors or buyers looking to build immediate sweat equity through modernization.
Ideally situated near major employment centers, shopping, and dining, with convenient access to commuter routes, making it an attractive option for professionals.
The functional 3-bedroom, 2-bathroom single-level floor plan on a generous 6,098 sqft lot provides a solid foundation for customization and appeals to a wide range of future buyers.
As a designated fixer, the property requires substantial immediate capital investment for repairs and updates to finishes and systems to reach its full market potential.
The assigned public schools have lower ratings ranging from 3 to 4, which may be a drawback for families prioritizing high-performing educational districts.
Value-Add Opportunity Unlock the potential of this Fairfield fixer with strong upside in an established neighborhood. Situated on a generous lot, this 3-bedroom, 2-bath home offers a functional single-story layout and an excellent opportunity for investors, flippers, contractors, or buyers looking to create value through renovation. The property provides a solid foundation for modernization and customization, with ample room to update finishes, improve curb appeal, and maximize equity potential. Conveniently located near schools, shopping, dining, commuter routes, and major employment centers, this home offers the combination of location and opportunity that savvy investors seek. Whether you're looking for your next project, a long-term rental, or a chance to build sweat equity, this property presents a rare opportunity to purchase below the cost of many renovated homes in the area and transform it into something special.
No exterior & parking available.
Grades K-6 • 0.6 mi
Grades 6-8 • 0.9 mi
Grades 9-12 • 0.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 43% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,230 | 1,603 | 17% |
| Lot Size | 6,098 | 6,499 | 45% |
| Price | $400.0K | $522.5K | 16% |
| Price per sq ft | $325 | $317 | 55% |
| Built year | 1965 | 1974 | 31% |
| HOA | $0 | $0 | 50% |
| Days on market | 18 | 218 | 1% |
May 29, 2026
$400,000
Initial Listing
Jun 28, 2007
$55,000
Public Record