360 Melrose Drive, Oxnard, California 93035, Oxnard, 93035 - 3 bed, 2 bath
Loading property details...
360 Melrose Drive
Oxnard, California 93035
ACTIVE
CONDITION: FAIR
3Beds
2Baths
1,498Sq Ft
1,742Lot Size
Property Price
LIST PRICE$999,000
EST. MARKET VALUE
$1,030,323
3% BelowMARKET VALUE
SUMMARY
This High-Potential Investment Opportunity is listed at $999,000, positioned well below the $1,030,323 Fair Market Value by 3%. This valuation gap provides $31,323 in Instant Equity. Featuring a Condition Rating of 4, the property offers a versatile floor plan with a private downstairs flex space and a large balcony. While the kitchen and baths remain original, recent capital improvements like a 2025 roof and new flooring enhance move-in readiness. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking coastal proximity.
Estimated Market Value
$1,030,323+$31,323 Equity Potential
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 |
|---|---|---|---|---|---|---|
★ 360 Melrose Drive Subject | $999,000* List Price | 3 | 2 | 1,498 | $688 | - |
A 292 Highland Drive Sold | $1,110,000 | 3 | 3 | 1,821 | $610 | 0.1 mi |
B 120 Hueneme Avenue Sold | $986,515 | 2 | 1 | 1,202 | $821 | 0.3 mi |
C 360 Melrose Drive Active | $999,000 List Price | 3 | 2 | 1,498 | $667 | 0.0 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 1977, the property has received recent cosmetic refreshments including new paint, new flooring, and a new roof (2025). However, the kitchen and bathrooms remain dated and original in style, and the wood-burning stove and overall layout reflect its 45+ year age, requiring further modernization to be considered 'Good'.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
High School: Rancho Campana High (9/10).
- Coastal Proximity
The property is ideally located within walking distance to Silver Strand Beach and Channel Islands Harbor, offering residents easy access to coastal recreation and local dining.
- Recent Capital Improvements
Significant updates including a new roof (2025), fresh interior and exterior paint, and new flooring throughout reduce immediate maintenance needs and enhance move-in readiness.
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.
- Limited Lot Size
The compact 1,742 square foot lot offers very little outdoor yard space, which may be a disadvantage for buyers seeking private gardens or extensive outdoor entertaining areas.
- Restricted Parking
With only a one-car garage for a three-bedroom residence, parking may be a challenge for multi-vehicle households in this high-density beach community.
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 in 2025. 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
7/10
Hueneme High School
Grades 9-12 • 2.6 mi
4/10
Oxnard High School
Grades 9-12 • 4.1 mi
5/10
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 | 1,498 | 1,716.305 |
| Lot Size | 1,742 | 5,662 |
| Price | $999.0K | $842.2K |
| Price per sq ft | $667 | $559 |
| Built year | 1977 | 1976 |
| HOA | $0 | $175 |
| Days on market | 33 | 48 |
Pricing History
Listed for Sale
Aug 7, 2026
$999,000
Initial Listing