360 Melrose Drive, Oxnard, California 93035, Oxnard, 93035 - 3 bed, 2 bath
360 Melrose Drive
Oxnard, California 93035
Property Price
SUMMARY
Analysis of 360 Melrose Drive, Oxnard, California 93035 reveals a property with a current list price of $1,099,000, which is 7% above the estimated $1,014,266 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Oxnard Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 360 Melrose Drive Subject | $1,099,000* List Price | 3 | 2 | 1,498 | $677 | - |
A 328 Highland Drive Sold | $850,000 | 3 | 2 | 1,384 | $614 | 0.1 mi |
B 297 Highland Drive Sold | $1,000,000 | 3 | 2 | 1,457 | $686 | 0.1 mi |
C 328 Highland Drive Sold | $850,000 | 1,384 | $614 | 0.1 mi | ||
D 112 Santa Monica Avenue Sold | $1,040,000 | 3 | 2 | 1,258 | $827 | 0.7 mi |
E 120 Hueneme Avenue Active | $1,129,000 List Price | 2 | 1 | 1,202 | $939 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
The property, built in 1977, has received significant recent cosmetic updates including fresh interior/exterior paint, new flooring, and a new roof, making it move-in ready. However, the kitchen, described as 'quaint,' features dated appliances and lighting, despite new-looking butcher block countertops and painted cabinets. Bathrooms are clean and functional with new flooring, but also feature dated vanities, fixtures, and lighting. The property's core systems (plumbing, electrical, HVAC) are likely original or older, as noted in the weaknesses, and would typically be beyond their expected lifespan. While well-maintained with recent updates, the kitchen and bathrooms require minor aesthetic updates to meet current standards, aligning with a 'fair' condition.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
High School: Rancho Campana High (9/10).
- Exceptional Coastal Proximity
The property boasts a prime location within walking distance to Silver Strand Beach, nearby restaurants, and Channel Islands Harbor, offering a highly desirable beach lifestyle.
- Significant Recent Upgrades
Recent improvements include fresh interior and exterior paint, new flooring, and a new roof, which significantly reduce immediate maintenance costs and enhance the property's curb appeal.
CONSRISKS & DEFICIENCIES
- Low Available Lot Utilization
The property has a small lot size, more than 70 percent of which is taken by its living area. lot size in square feet = 1742, living area = 1498.
- Requires Personalization/Modernization
Described as 'waiting for your personal touches' and having a 'quaint kitchen,' indicating that while some updates are done, a buyer may desire further investment to fully modernize certain areas to their taste.
- Compact Lot Size
The 1742 sqft lot is relatively small for a single-family residence, which may limit outdoor living space or future expansion possibilities for buyers seeking a larger yard.
About 360 Melrose Drive
First time on the market! Cute two story beach house waiting for your personal touches. Downstairs features a den/flex space with a private entrance and wet bar. Bedroom, bathroom, and laundry hook-ups.Upstairs living room with large balcony to enjoy coastal breezes and gorgeous sunsets. Cozy wood burning stove in corner of living room. Quaint kitchen open to living room. Full bathroom and two bedrooms upstairs as well.Fresh interior and exterior paint. New flooring. New roof. One car garage and plenty of parking in driveway.Walking distance to Silver Strand Beach, close nearby restaurants and Channel Islands Harbor.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1977
- Lot Size
- 1,742 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
Hollywood Beach Elementary School
Grades K-6 • 1.3 mi
Hueneme High School
Grades 9-12 • 2.6 mi
Oxnard High School
Grades 9-12 • 4.1 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,498 | 1,785 | 28% |
| Lot Size | 1,742 | 4,030 | 6% |
| Price | $1.10M | $1.08M | 50% |
| Price per sq ft | $734 | $620 | 55% |
| Built year | 1977 | 1977 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 171 | 156 | 54% |
Pricing History
Listed for Sale
Jan 18, 2026
$1,099,000
$1,149,000
-4% Price Drop
Initial Listing
Price Change
Sep 17, 2025
$1,149,000
Initial Listing