362 Salem Avenue, Oxnard, California 93036, Oxnard, 93036 - 4 bed, 2 bath
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362 Salem Avenue
Oxnard, California 93036
ACTIVE
CONDITION: FAIR
4Beds
2Baths
1,390Sq Ft
6,387Lot Size
Property Price
LIST PRICE$749,500
EST. MARKET VALUE
$735,623
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $749,500—positioned above the $735,624 Fair Market Value. While the property lacks an immediate equity gap, its Fair Condition Rating and generous 6,387 sq. ft. lot offer significant upside through value-add renovations. The functional 4-bedroom layout and proximity to The Collection at RiverPark provide strong rental demand. This is a strategic acquisition for Buy-and-Hold Investors or Owner-Occupants looking to build long-term wealth through cosmetic improvements and potential ADU development.
Estimated Market Value
$735,623
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 |
|---|---|---|---|---|---|---|
★ 362 Salem Avenue Subject 4 bd · 2 ba · 1,390 sqft · $529 | $749,500* List Price | 4 | 2 | 1,390 | $529 | - |
A 3402 Minna Street Sold 4 bd · 2 ba · 1,625 sqft · $462 · 0.1 mi | $750,000 | 4 | 2 | 1,625 | $462 | 0.1 mi |
B 480 Helsam Avenue Active 4 bd · 2 ba · 1,490 sqft · $436 · 0.1 mi | $650,000 List Price | 4 | 2 | 1,490 | $436 | 0.1 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 1955, the home features some cosmetic interior updates including tile flooring and painted ceilings, making it functional and livable. However, the exterior shows signs of deferred maintenance such as peeling paint on the eaves, an older roof, and the listing description explicitly advises buyers to 'bring your vision,' indicating the property is dated and requires further updates and minor repairs.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
High School: Rancho Campana High (9/10).
- Prime Location
Situated just minutes from The Collection at RiverPark, the property offers exceptional access to premier shopping, dining, and entertainment, along with convenient freeway proximity for commuters.
- Development Potential
The generous 6,300+ square-foot lot provides significant flexibility for outdoor living or the potential addition of an ADU, offering added value for investors or multi-generational families.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =6387, other record lot size in square feet = 6098.
- Modernization Required
Built in 1955 and marketed as a 'bring your vision' opportunity, the home likely requires updates and repairs to meet modern aesthetic and functional standards.
- Local School Ratings
The immediate neighborhood schools, including the elementary and middle schools, currently hold lower performance ratings, which may be a consideration for education-focused buyers.
About 362 Salem Avenue
Welcome to this spacious 4-bedroom, 2-bath home located in the heart of El Rio! Offering nearly 1,400 square feet of living space on a generous 6,300+ square-foot lot, this home provides plenty of room to create a space that truly fits your needs.Conveniently located just minutes from The Collection at RiverPark, you'll enjoy easy access to shopping, dining, entertainment, and nearby freeway access for commuters. With four bedrooms, a functional floor plan, and a sizable lot, the property offers flexibility for a variety of living arrangements and future possibilities.Bring your vision and make this home your own! There may also be potential for an ADU or additional improvements, subject to buyer verification with the appropriate local agencies.Whether you're looking for a place to call home or a property with room for future possibilities, this El Rio home is one you'll want to see. Schedule your private showing today!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1955
- Lot Size
- 6,387 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Oxnard Unified Schools
Rio Plaza Elementary School
Grades K-5 • 0.2 mi
3/10
Rio Vista Middle School
Grades 6-8 • 0.5 mi
3/10
Rio Mesa High School
Grades 9-12 • 1.2 mi
4/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.5 |
| Baths | 2.0 | 2.5 |
| Square foot | 1,390 | 1,881.994 |
| Lot Size | 6,387 | 5,772.512 |
| Price | $749.5K | $862.1K |
| Price per sq ft | $539 | $545 |
| Built year | 1955 | 1978 |
| HOA | $0 | $165 |
| Days on market | 31 | 51 |
Pricing History
Listed for Sale
Sep 23, 2026
$749,500
Initial Listing