
Oxnard, California 93036
This property presents a High-Potential Investment Opportunity with a List Price of $650,000—positioned well below the $667,176 Fair Market Value by 2%. This valuation gap offers $17,176 in Instant Equity. With a Condition Rating of 5, the home requires a full rehab, yet includes pre-approved architectural plans for a 726 sq. ft. addition. Featuring an owned solar system and versatile backyard office, this is an ideal acquisition for Value-Add Investors or Contractors seeking significant upside.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 480 Helsam Avenue Subject 4 bd · 2 ba · 1,490 sqft · $448 | $650,000* List Price | 4 | 2 | 1,490 | $448 | - |
A 362 Salem Avenue Active 4 bd · 2 ba · 1,390 sqft · $539 · 0.1 mi | $749,500 List Price | 4 | 2 | 1,390 | $539 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1955 and largely in original condition, this property requires a full rehab as evidenced by the included architectural plans for a total interior remodel and addition. While the electrical panel was updated in 2016, the kitchen and baths are significantly dated (>30 years), the solar system is currently non-operational due to damage, and the exterior grounds require significant maintenance.
High School: Rancho Campana High (9/10).
The property includes architectural and electrical plans for a 726 sq. ft. addition and interior remodel that previously passed county review, offering a massive head start for value-add investors or growing families.
A 17-panel owned solar system will be paid in full at closing, and the electrical panel was upgraded in 2016, providing essential modern infrastructure and long-term utility savings.
The home is priced to reflect its current condition and includes non-operational, storm-damaged solar panels, indicating a need for immediate capital expenditure for repairs and updates.
Because the provided expansion plans date back to 2019, the buyer may face challenges with expired permit status or updated building codes that could necessitate costly plan revisions.
Welcome to El Rio. This 1955 4-bedroom, 2-bath home offers approximately 1,490 sq. ft. on a generous 6,098 sq. ft. lot. Move in, settle in, and make updates at your own pace. Decorative tile flooring runs through the living and dining areas, and features wood beamed ceilings. Hall bath has a tub with shower, while primary bath features a walk in shower. Both baths have classic pedestal sinks.The deep driveway has room for multiple vehicles, a boat, or an RV, and the attached 2-car garage opens to the backyard. Out back you'll find block fencing, a large concrete patio, and a shed set up as an office, ready to use as a workspace, studio, or hobby room. There's plenty of yard left to garden, gather, or grow.When you're ready to expand, the planning is already done. The seller has a completed architectural and electrical plan package that passed Ventura County review for permit issuance in 2019. The plans include a 726 sq. ft. addition plus approximately 443 sq. ft. of interior remodeling: an expanded kitchen and dining area, a laundry room, a half bath, additional bedroom space, and an enlarged primary suite with a walk-in closet. School fees were paid and recorded. Plans and supporting documents are available for review. Buyer to verify current permit status, code-update requirements, and applicable fee credits with Ventura County.The electrical panel was upgraded in 2016. The 17-panel owned solar system (not a lease) will be paid in full at close of escrow. Near an elementary school, parks, and shopping, dining, and entertainment at The Collection at RiverPark.
No exterior & parking available.
Grades K-5 • 0.1 mi
Grades 6-8 • 0.6 mi
Grades 9-12 • 1.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.5 |
| Baths | 2.0 | 2.5 |
| Square foot | 1,490 | 1,881.994 |
| Lot Size | 6,098 | 5,772.512 |
| Price | $650.0K | $862.1K |
| Price per sq ft | $436 | $545 |
| Built year | 1955 | 1978 |
| HOA | $0 | $165 |
| Days on market | 51 | 51 |
Sep 3, 2026
$650,000
Initial Listing
Dec 11, 2009
$230,000
Public Record
Dec 19, 2003
$365,000
Public Record