2787 Magnolia Street, Camarillo, California 93012, Camarillo, 93012 - 2 bed, 1 bath
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2787 Magnolia Street
Camarillo, California 93012
ACTIVE
CONDITION: FAIR
2Beds
1Baths
1,112Sq Ft
7,500Lot Size
Property Price
LIST PRICE$575,000
EST. MARKET VALUE
$632,408
9% BelowMARKET VALUE
SUMMARY
This California Bungalow represents a Strong Value Opportunity, listed at $575,000—positioned well below the $632,408 Fair Market Value by 9%. This valuation gap offers $57,408 in Instant Equity. Featuring a 4 Condition Rating, the property includes a 7,500 sqft lot with ADU potential and a detached 2-car garage. With newer HVAC and a 2011 bath remodel, it provides a solid foundation for value-add projects. This is an ideal acquisition for Buy-and-Hold Investors or Contractors seeking a high-potential asset.
Estimated Market Value
$632,408+$57,408 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Camarillo.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1948, the home is significantly dated. While the bathroom was remodeled in 2011 (13 years ago) and the HVAC system is newer, the kitchen features aging oak cabinetry and tile from a much older renovation (>20 years). The interior shows worn carpeting and dated wallpaper, requiring cosmetic updates and minor repairs throughout, consistent with the 'As-Is' investor-focused description.
PROSSTRENGTHS & OPPORTUNITIES
- ADU & Investment Potential
The generous 7,500 sqft lot and detached 2-car garage offer significant potential for an Accessory Dwelling Unit (ADU) conversion, providing an excellent opportunity for rental income or increased property value.
- Strategic Location
Ideally situated near Old Town Camarillo, the Amtrak station, and CSU Channel Islands, this property offers high convenience for commuters and strong long-term desirability.
- Modern Infrastructure Upgrades
Despite its 1948 vintage, the home features newer AC and heating systems and a remodeled bathroom, reducing the immediate need for costly essential system repairs.
CONSRISKS & DEFICIENCIES
- As-Is Condition
The property is being sold in as-is condition, which may require substantial additional investment for cosmetic updates or structural repairs to meet modern buyer expectations.
- Limited Living Space
With only two bedrooms and one bathroom in a 1,112 sqft layout, the current configuration may be too restrictive for growing families or those requiring a home office.
About 2787 Magnolia Street
Great opportunity to purchase this 1948 - 2 bedroom, 1,112 sqft, California Bungalow on a 7,500 sqft lot with a Detached 2 Car Garage for Possible ADU Investment, parking for a 26'+ RV, newer AC & heating, bath was remodeled in 2011. Located close to Old Town Camarillo, 5 minutes to the Amtrak station, 20 minutes to the beach, 10 minutes to Cal State Channel Islands. Property is Sold As-Is. Perfect for investor, contractor or buyer looking for an Amazing Opportunity. We are anticipating tremendous interest.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1948
- Lot Size
- 7,500 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Camarillo Unified Schools
Rancho Rosal Elementary School
Grades K-5 • 0.7 mi
7/10
Monte Vista Middle School
Grades 6-8 • 1.5 mi
6/10
Adolfo Camarillo High School
Grades 9-12 • 1.5 mi
6/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.2 |
| Baths | 1.0 | 2.2 |
| Square foot | 1,112 | 1,758.44 |
| Lot Size | 7,500 | 6,394.041 |
| Price | $575.0K | $911.0K |
| Price per sq ft | $517 | $507 |
| Built year | 1948 | 1980 |
| HOA | $0 | $373 |
| Days on market | 3 | 55 |
Pricing History
Listed for Sale
Oct 21, 2026
$575,000
Initial Listing