362 Salem Avenue, Oxnard, California 93036, Oxnard, 93036 - 4 bed, 2 bath
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Oxnard, California 93036
This Value-Add Residential Asset is listed at $715,000, offering a strategic acquisition in the high-demand El Rio area near The Collection. While the price sits above the $661,994 Fair Market Value, the property’s Condition Rating of 5 signals a total rehab opportunity with significant forced appreciation potential. The generous 6,387 Sqft Lot supports an ADU Conversion, while the 4-Bedroom Layout provides high rental utility. With immediate access to the 101 Freeway and the 9/10 Rated Rancho Campana High, this is a prime project for Fix-and-Flip Investors or Contractors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 362 Salem Avenue Subject | $715,000* List Price | 4 | 2 | 1,390 | $476 | - |
A 326 Simon Way Sold | $680,000 | 4 | 2 | 1,152 | $590 | 0.1 mi |
B 1018 Lemar Avenue Sold | $692,000 | 3 | 2 | 1,176 | $588 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1955, this property is nearly 70 years old and shows significant signs of age. The kitchen and bathrooms are highly dated (30+ years), featuring older laminate counters and cabinetry. Systems appear outdated, evidenced by a wall heater and visible surface-mounted wiring in the living area. The listing description explicitly frames the home as a 'customization opportunity,' signaling a need for a full rehab.
High School: Rancho Campana High (9/10).
Situated in the heart of El Rio, the property offers excellent proximity to The Collection for premier shopping and dining, plus easy 101 Freeway access for commuters.
The generous 6,300+ square-foot lot provides a versatile canvas for outdoor living or a potential ADU conversion, offering significant value-add opportunities for investors or multi-generational families.
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.
Built in 1955 and marketed as a customization opportunity, the home likely requires significant capital investment for cosmetic and structural updates to meet modern aesthetic standards.
The immediate neighborhood elementary and middle schools carry lower performance ratings (3/10), which may be a drawback for families prioritizing top-tier local education.
Opportunity awaits in the heart of El Rio! This inviting home features 4 bedrooms and 2 bathrooms, offering nearly 1,400 square feet of living space on a ~6,300+ square-foot lot. Ideally located just minutes from The Collection for shopping, dining, and entertainment, with convenient access to the 101 Freeway--perfect for commuters. With plenty of potential to make it your own, this property presents a great opportunity for customization, including the possibility of an ADU conversion (buyer to verify with local ordinances and regulations). Don't miss out on this versatile home in a prime location--schedule your private showing today!
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades 6-8 • 0.5 mi
Grades 9-12 • 1.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 2.0 | 2.5 | 50% |
| Square foot | 1,390 | 1,725.5 | 30% |
| Lot Size | 6,387 | 6,098 | 58% |
| Price | $715.0K | $832.5K | 16% |
| Price per sq ft | $514 | $489 | 58% |
| Built year | 1955 | 1989 | 20% |
| HOA | $0 | $0 | 50% |
| Days on market | 0 | 149 | 4% |
May 4, 2026
$715,000
Initial Listing