3248 Ocean Drive, Oxnard, California 93035, Oxnard, 93035 - 3 bed, 1 bath

3248 Ocean Drive, Oxnard, California 93035 home-pic-0
ACTIVE$1,500,000
3248 Ocean Drive, Oxnard, California 93035
3Beds
1Bath
965Sqft
2,613Lot

Price Vs. Estimate

The estimated value ($1,420,338.8) is $79,661.2 (5%) lower than the list price ($1,500,000). This property may be overpriced.

Key pros and cons

Top Pros:
Great Schools: High School: Rancho Campana High (9/10).
Top Cons:
Limited Bathroom Count: The property has only one bathroom for three bedrooms, which could be a significant inconvenience for families or multiple occupants.

Compared to the nearby listings

Price:$1.50M vs avg $1.27M (+$225,000)60%
Size:965 sqft vs avg 1,720 sqft6%
Price/sqft:$1.6K vs avg $68692%

More Insights

Built in 1957 (68 years old).
Condition: Despite being built in 1957, this property has undergone extensive and high-quality renovations, aligning it with the 'Excellent' condition criteria. The kitchen features modern stainless steel appliances, including a built-in refrigerator and professional-style range, along with contemporary finishes and skylights. The single bathroom is also fully updated with a modern vanity, glass-enclosed shower, and stylish tiling. Luxury vinyl plank flooring is installed throughout, and dual-glazed windows are mentioned, indicating significant upgrades. All visible components appear new or virtually new, reflecting a recent and comprehensive renovation.
Year Built
1957
Close
-
List price
$1.5M
Original List price
$1.5M
Price/Sqft
$1,554
HOA
-
Days on market
-
Sold On
-
MLS number
BB25222647
Home ConditionExcellent
Features
Good View: Peek-A-Boo
Deck
Patio
ViewPeek-A-Boo

About this home

Location ........ Location ...... and then Location, in that order! Walk across the street to the Beach, Hollywood Beach that is! This property is located South of Santa Barbara and North of Malibu, with Channel Islands Harbor right around the corner, so why not make this an income-producing property or your little weekend getaway for biking, fishing and other water sports. No HOA and the property does include Beach rights and Ocean access. Huge upside potential on this 2613' sq ft lot, to go up and back for it's Highest and Best use. Come see this charming, single family updated modern beach cottage with 3 bedroom and 1 bath, dual glazed windows, luxury vinyl plank flooring throughout the house, along with a peek-a-boo ocean view. The Kitchen is features stainless steel appliances, a built in refrigerator, a washer/dryer combo, along with two (2) Skylights for Natural light and some additional ventilation and a side door from the Kitchen for an additional entry / exit point. It also has a small enclosed courtyard backyard for privacy, a rooftop deck above the garage with a for stargazing or just relaxing. The front of the property had a large area done with pavers which can accommodate 3-4 cars. Property has a Golf Cart garage, large enough for all your toys, scooters, bicycles and / or hanging surfboards / kayaks. Come see what you are missing out on and make this your next home or even your 2nd home. Price includes all existing furniture. Will consider carrying paper for 2-3 years with 50% down.

Nearby schools

7/10
Hollywood Beach Elementary School
Public,K-60.9mi
5/10
Oxnard High School
Public,9-124.0mi
9/10
Rancho Campana High
Public,9-1213.0mi
Condition Rating
Excellent

Despite being built in 1957, this property has undergone extensive and high-quality renovations, aligning it with the 'Excellent' condition criteria. The kitchen features modern stainless steel appliances, including a built-in refrigerator and professional-style range, along with contemporary finishes and skylights. The single bathroom is also fully updated with a modern vanity, glass-enclosed shower, and stylish tiling. Luxury vinyl plank flooring is installed throughout, and dual-glazed windows are mentioned, indicating significant upgrades. All visible components appear new or virtually new, reflecting a recent and comprehensive renovation.
Pros & Cons

Pros

Great Schools: High School: Rancho Campana High (9/10).
Prime Coastal Location: Unbeatable location directly across from Hollywood Beach, offering immediate beach access and proximity to Channel Islands Harbor, ideal for water sports and a desirable coastal lifestyle.
Significant Development Potential: The 2613 sq ft lot presents 'Huge upside potential' for expansion or redevelopment ('to go up and back for its Highest and Best use'), allowing for future value appreciation.
Income-Producing & Versatile Use: Explicitly marketed as an 'income-producing property' or a 'weekend getaway,' appealing to investors or those seeking a secondary residence with rental potential.
No HOA & Beach Rights: The absence of an HOA provides freedom from additional fees and restrictions, coupled with valuable 'Beach rights and Ocean access' for direct enjoyment.
Modern Updates & Unique Amenities: Features dual-glazed windows, luxury vinyl plank flooring, an updated kitchen with stainless steel appliances, a private rooftop deck, ample parking for 3-4 cars, and a dedicated 'Golf Cart garage' for recreational gear.

Cons

Limited Bathroom Count: The property has only one bathroom for three bedrooms, which could be a significant inconvenience for families or multiple occupants.
Modest Current Living Space: With 965 sq ft, the existing living area is relatively small, especially considering the lot size and price point, suggesting the primary value lies in the land and future development rather than the current structure.
Partial Ocean View: The description notes a 'peek-a-boo ocean view,' indicating it's not a full, unobstructed panoramic view, which some buyers might expect given the property's direct proximity to the beach.

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