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723 Ivywood Drive, Oxnard, California 93030, Oxnard, 93030 - bed, bath

723 Ivywood Drive, Oxnard, California 93030 home-pic-0
ACTIVE$1,400,000
723 Ivywood Drive, Oxnard, California 93030
0Bed
0Bath
3,940Sqft
6,098Lot
Year Built
1974
Close
-
List price
$1.4M
Original List price
$1.4M
Price/Sqft
$355
HOA
-
Days on market
-
Sold On
-
MLS number
SR25248925
Home ConditionExcellent
Features
Good View: Park/Greenbelt, Trees/Woods
Deck
Patio
ViewPark/Greenbelt, Trees/Woods

About this home

We found 3 Cons,6 Pros. Rank: price - $1.40M(50th), sqft - 3940(50th), beds - undefined(50th), baths - undefined(50th).

Rare Triplex Investment Opportunity in Northwest of Oxnard, great rental area. There are Three 2 bedroom and 2-bathroom units. Large size units each unit is proximately 1314 square feet. Two of units have been updated less two years ago with new kitchen and bathrooms with granite counter tops and beautiful durable tile floor that looks like laminate. One unit rent is $3100 per month. one unit is vacant which can be used as owner occupied or can be rented for $3100 per month. Back unit has a long-term month to month tenants that pay $1967, this unit kitchen was remodeled October 2025, which gives new owner different options to increase the rent and get market rent which will provide new owners opportunity for rent growth. Building has 4 garages one garage is also being rented as storage for $250 per month. Garages can possibly be converted to units. Please check with city. All three units have spacious Livingroom with fire place Dining room, kitchen and bedrooms. Great for entertaining and family gathering. Top unit has a large beautiful balcony with view of park, one bottom unit has nice size patio with park view. There is a laundry room which isn’t at use at this time, but new owner can add coin machine and have extra income. Building is close to park, shopping and Freeway. Owner occupied buyers can be approved with low down payment for purchase. $1.400.000 appraisal is on hand. I can arrange showing for vacant unit!!

Nearby schools

3/10
Sierra Linda Elementary School
Public,•K-5•0.7mi
2/10
Curren Elementary School
Public,•K-8•0.2mi
3/10
Fremont Intermediate School
Public,•6-8•0.4mi
4/10
Pacifica High School
Public,•9-12•0.8mi
9/10
Rancho Campana High
Public,•9-12•9.6mi

Price History

Date
Event
Price
10/29/25
Listing
$1,400,000
Condition Rating
Excellent
Despite being built in 1974, the property has undergone extensive and recent renovations. The listing explicitly states that two of the three units were updated less than two years ago with new kitchens, bathrooms, granite countertops, and durable tile flooring. The third unit's kitchen was also recently remodeled (October 2025, likely a typo for 2023/2024, or indicating a very current/future update). The provided images confirm these updates, showcasing modern kitchens with stainless steel appliances, contemporary cabinetry, and new countertops, as well as bathrooms with new vanities, modern tiling, and fixtures. The flooring throughout the main living areas and bedrooms in the shown unit is also new and stylish. These significant renovations bring the interior condition of the units to an excellent standard, meeting the criteria for 'extensively renovated within 5 years' with 'all components new or virtually new'.
Pros & Cons

Pros

Great Schools: High School: Rancho Campana High (9/10).
Strong Investment Potential: This triplex is located in a great rental area of Northwest Oxnard, offering significant rent growth opportunities. One unit is currently vacant and can be rented at market rate ($3100/month), while another unit has a long-term tenant paying below market, allowing for future rent increases.
Modernized Interiors: Two of the three units have been recently updated (within two years) with new kitchens, bathrooms, granite countertops, and durable tile flooring, enhancing their appeal and commanding higher rents. The third unit's kitchen was also recently remodeled.
Spacious & Well-Appointed Units: Each of the three 2-bedroom, 2-bathroom units is generously sized at approximately 1314 square feet, featuring spacious living rooms with fireplaces, dining areas, and private outdoor spaces (balcony/patio with park views).
Additional Income Streams & Expansion Potential: The property includes four garages, one of which is currently rented for storage ($250/month). There is also potential for converting garages into additional units (ADUs), subject to city approval, and activating an unused laundry room for coin-operated income.
Owner-Occupant Appeal: With one unit vacant, the property is highly attractive to owner-occupant buyers, who may qualify for favorable financing options with a lower down payment while still benefiting from significant rental income from the other units.

Cons

Property Age: Built in 1974, the property is 50 years old. While some units are updated, the overall age of the building may imply older infrastructure and potential for higher maintenance costs or future capital expenditures for systems not recently renovated.
Below-Market Rent for One Unit: One long-term tenant is currently paying significantly below market rate ($1967 vs. $3100 for comparable units), requiring strategic management or tenant turnover to fully realize the property's market rental income potential.
Unutilized Laundry Facility: The on-site laundry room is currently not in use, representing a missed income opportunity. Activating this amenity would require an initial investment for equipment (e.g., coin machines).

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