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387 389 Highland Drive, Oxnard, California 93035, Oxnard, 93035 - 4 bed, 2 bath

387 389 Highland Drive, Oxnard, California 93035 home-pic-0
ACTIVE UNDER CONTRACT$1,050,000
387 389 Highland Drive, Oxnard, California 93035
4Beds
2Baths
2,000Sqft
2,613Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Great Schools: High School: Rancho Campana High (9/10).
Top Cons:
Shared Water Meter: The property has 1 shared water meter for both units, which can lead to billing complexities and potential disputes between tenants or the owner and tenants.

Compared to the nearby listings

Price:$1.05M vs avg $1.25M ($-195,000)50%
Size:2,000 sqft vs avg 2,056 sqft50%
Price/sqft:$525 vs avg $60350%

More Insights

Built in 1953 (72 years old).
Condition: The property, built in 1953, has undergone significant recent refreshes, including new interior and exterior paint, new carpeting, new tropical-style blinds, new gas range/ovens, and new roofs. These updates make the property 'move-in ready' with no immediate renovation required, aligning with the 'Good' criteria. The kitchen features new gas range/ovens, white shaker-style cabinets, and wood-look laminate flooring, appearing clean and functional, though the dark laminate countertops are basic. The bathrooms, while very clean and functional, exhibit an older style with basic vanities and tile, showing signs of being outdated in aesthetic but not requiring immediate repair. Despite the older underlying construction, the extensive recent updates to key components and finishes elevate its condition beyond 'Fair'.
Year Built
1953
Close
-
List price
$1.05M
Original List price
$1.09M
Price/Sqft
$525
HOA
-
Days on market
-
Sold On
-
MLS number
V1-32826
Home ConditionGood
Features
View-

About this home

Coastal Duplex Retreat at Hollywood By The Sea!Welcome to your seaside escape, just a short stroll to the sand and surf at Silver Strand Beach and the scenic Channel Islands Harbor. This wonderful beach duplex sits on a large corner lot, perfectly positioned to capture natural light and refreshing ocean breezes through its beautiful wrap-around windows -- creating a bright, airy coastal ambiance throughout.Each unit offers an open floor plan with 2 bedrooms and 1 bathroom, ideal for relaxed beach living. The lower unit includes a connected 1-car garage, while an additional 2-car garage provides extra parking or storage for all your surfboards, bikes, and beach gear.Recently refreshed inside and out with new interior and exterior paint, new tropical-style blinds, new carpeting, new gas range/ovens, and new roofs on both the duplex and garage, this property is move-in ready so you can spend your time soaking up the coastal lifestyle.Property is vacant, allowing monthly rents to be at today's market rates, estimated to be between $2550 and $2750, however rents are not guaranteed.There also might be ADU potential to add a third unit by converting the 2-car garage into an ADU, however this is not guaranteed.Property features 2 separate gas meters, 2 separate electrical meters and 1 shared water meter.Whether you're looking for a vacation getaway, an income beach rental, or the perfect setup to live in one unit and rent the other, this property offers endless opportunity.Step outside and enjoy surfing, paddle boarding, biking, sailing, and stunning sunsets along the shore and harbor. This is truly one of the best values along Ventura County's Gold Coast -- where the charm of beachside living meets smart investment potential. Stake your claim and begin your legacy at Silver Strand Beach!

Nearby schools

7/10
Hollywood Beach Elementary School
Public,•K-6•1.4mi
4/10
Hueneme High School
Public,•9-12•2.5mi
5/10
Oxnard High School
Public,•9-12•4.2mi
9/10
Rancho Campana High
Public,•9-12•12.7mi
Condition Rating
Good
The property, built in 1953, has undergone significant recent refreshes, including new interior and exterior paint, new carpeting, new tropical-style blinds, new gas range/ovens, and new roofs. These updates make the property 'move-in ready' with no immediate renovation required, aligning with the 'Good' criteria. The kitchen features new gas range/ovens, white shaker-style cabinets, and wood-look laminate flooring, appearing clean and functional, though the dark laminate countertops are basic. The bathrooms, while very clean and functional, exhibit an older style with basic vanities and tile, showing signs of being outdated in aesthetic but not requiring immediate repair. Despite the older underlying construction, the extensive recent updates to key components and finishes elevate its condition beyond 'Fair'.
Pros & Cons

Pros

Great Schools: High School: Rancho Campana High (9/10).
Prime Coastal Location: Situated in 'Hollywood By The Sea,' a short stroll to Silver Strand Beach and Channel Islands Harbor, offering desirable beachside living and recreational opportunities.
Strong Income & Investment Potential: Duplex with vacant units ready for market-rate rents, plus significant potential for an ADU conversion to add a third unit, maximizing cash flow and property value.
Move-in Ready Condition: Recently refreshed with new interior/exterior paint, blinds, carpeting, gas ranges, and roofs, minimizing immediate capital expenditures for a new owner.
Separate Utilities: Features 2 separate gas meters and 2 separate electrical meters, simplifying tenant billing and management for primary utilities.
Ample Parking & Coastal Ambiance: Includes a 1-car and an additional 2-car garage for valuable parking/storage, complemented by wrap-around windows capturing natural light and ocean breezes.

Cons

Shared Water Meter: The property has 1 shared water meter for both units, which can lead to billing complexities and potential disputes between tenants or the owner and tenants.
ADU Potential Not Guaranteed: While attractive, the ADU potential is explicitly 'not guaranteed,' requiring a buyer to conduct thorough due diligence and face potential hurdles, adding uncertainty to this value-add strategy.
Older Construction: Built in 1953, despite recent refreshes, the underlying structure and systems are older, which could lead to unforeseen maintenance issues or require more significant upgrades in the long term.

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