3138 S M Street, Oxnard, California 93033, Oxnard, 93033 - 3 bed, 2 bath
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3138 S M Street
Oxnard, California 93033
ACTIVE
CONDITION: FAIR
3Beds
2Baths
1,252Sq Ft
6,098Lot Size
Property Price
LIST PRICE$729,000
EST. MARKET VALUE
$726,041
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $749,000—positioned well below the $719,070 Fair Market Value by -4%. While the home carries a Fair Condition Rating requiring modernization, the 500-square-foot detached garage with alley access and 15-foot ceilings provides significant value-add potential for an ADU conversion or workshop. Located just 0.15 miles from Sunkist Elementary, this asset offers a rare combination of utility and location. It is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking long-term equity growth.
Estimated Market Value
$726,041
Based on Realkey algorithm analyzing recent comparable sales in Oxnard.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3138 S M Street Subject | $729,000* List Price | 3 | 2 | 1,252 | $580 | - |
A 3138 S K Street Sold | $763,000 | 4 | 2 | 1,233 | $619 | 0.2 mi |
B 1001 Redwood Street Sold | $780,000 | 3 | 2 | 1,300 | $600 | 0.2 mi |
C 970 Laurel Street W Sold | $682,000 | 3 | 2 | 1,128 | $605 | 0.4 mi |
D 1140 Teakwood Street Sold | $775,000 | 3 | 2 | 1,252 | $619 | 0.0 mi |
E 3631 La Costa Sold | $620,000 | 4 | 2 | 1,199 | $517 | 0.9 mi |
F 3638 S B Street Sold | $714,000 | 4 | 2 | 1,236 | $578 | 0.7 mi |
G 3935 S A Street Sold | $760,000 | 4 | 2 | 1,252 | $607 | 0.8 mi |
H 125 W Bard Road Active | $725,000 List Price | 3 | 2 | 1,670 | $434 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1959, this property is functional but significantly dated. The kitchen and bathrooms appear to be original or have very old updates, featuring dated cabinetry and fixtures. The presence of a wall heater suggests an older HVAC system, and the interior includes 1970s-style wood paneling. While the home appears well-maintained and livable, it requires comprehensive cosmetic and system updates to meet modern standards.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
High School: Rancho Campana High (9/10).
- Versatile Detached Garage
The 500-square-foot detached garage with 15-foot ceilings and alley access offers exceptional utility for a workshop, home business, or potential ADU conversion.
- Functional Single-Story Layout
The home features a well-distributed floor plan including three bedrooms, two bathrooms, and a dedicated family room, providing ample living space for a growing family.
CONSRISKS & DEFICIENCIES
- Dated Construction
Built in 1959, the property may require significant capital investment to modernize its core systems and interior finishes to meet contemporary standards.
- Local High School Rating
The assigned local high school has a lower performance rating compared to regional alternatives, which may be a concern for education-focused buyers.
About 3138 S M Street
Fantastic single-story home featuring 3 bedrooms, 2 bathrooms, a living room, family room, dining area, and a stoage room off the kitchen. The standout feature is the 500-square-foot detached garage with alley access, a 15-foot roll-up door, and 10- to 15-foot ceilings—ideal for a workshop, home business, hobby space, or potential ADU conversion (buyer to verify). Replacing a garage of this size today could cost approximately $225,000, and comparable area leases range from $1,500 to $2,000 per month(buyer to verify). The home and garage(s) offer exceptional value and a rare opportunity for a buyer who recognizes the long-term potential.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1959
- Lot Size
- 6,098 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Oxnard Unified Schools
Sunkist Elementary School
Grades K-6 • 0.2 mi
5/10
Hueneme High School
Grades 9-12 • 1.2 mi
4/10
Rancho Campana High
Grades 9-12 • 10.9 mi
9/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.4 |
| Baths | 2.0 | 2.4 |
| Square foot | 1,252 | 1,716.305 |
| Lot Size | 6,098 | 5,662 |
| Price | $729.0K | $842.2K |
| Price per sq ft | $582 | $559 |
| Built year | 1959 | 1976 |
| HOA | $0 | $175 |
| Days on market | 40 | 48 |
Pricing History
Listed for Sale
Sep 5, 2026
$729,000
$749,000
-3% Price Drop
Initial Listing
Price Change
Jul 31, 2026
$749,000
Initial Listing