506 S G Street, Oxnard, California 93030, Oxnard, - bed, bath

home-pic
ACTIVE$1,295,000
506 S G Street, Oxnard, California 93030
0Bed
0Bath
3,400Sqft
6,534Lot
Year Built
1949
Close
-
List price
$1.29M
Original List price
$1.29M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
V1-33019
Home ConditionFair
Features
View-

About this home

Exceptional investment opportunity in one of Oxnard's more desirable and established neighborhoods. Located across the street from the prized Henry T. Oxnard historic district, this professionally managed 4-unit multifamily property offers a rare blend of location and stability with upside potential. Each unit features 2 bedrooms and 1 bathroom in approximately 850 square feet. The building's desirable location is just minutes to beautiful beaches, the Channel Islands Harbor, and Seabridge Marina with convenient access to shopping centers, dining, schools, parks and entertainment. With its strong tenant history, low vacancy and turnover, consistent cash flow and potential for rent increases, 506 South G is ideal for investors seeking a bread and butter property with long-term appreciation potential.

Price History

Date
Event
Price
10/25/25
Listing
$1,295,000
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (1 Listings)
Beds00
Baths00
Square foot3,4003,217
50%
Lot Size6,5346,825
50%
Price$1.29M$1.12M
50%
Price per square foot$381$347.5
50%
Built year19499745985
50%
HOA
Days on market1165
50%
Condition Rating
Fair

Built in 1949, this quadruplex shows a mixed level of updates across its units. One unit features a more modern kitchen with stainless steel appliances, updated white cabinets, granite-look countertops, and wood-look laminate flooring, along with a contemporary pedestal sink in the bathroom. However, another unit displays a very dated kitchen with original-style white appliances, light blue tiled countertops and backsplash, and older linoleum flooring, indicative of no major renovations in several decades. The bathrooms in the dated units also show older fixtures and finishes. While the property appears maintained, the significant disparity in condition between units, with some requiring substantial cosmetic updates, places it in the 'Fair' category. It is aged but maintained, with major components likely functional but showing signs of being outdated in parts.
Pros & Cons

Pros

Prime Location: Situated in a desirable and established Oxnard neighborhood, directly across from the historic Henry T. Oxnard district, offering proximity to beaches, Channel Islands Harbor, Seabridge Marina, shopping, dining, and entertainment.
Multifamily Investment: A professionally managed 4-unit quadruplex, providing diversified income streams and a stable investment opportunity with long-term appreciation potential.
Strong Tenant History: The property boasts a strong tenant history with low vacancy and turnover, indicating consistent cash flow and reliability for investors.
Consistent Cash Flow: Explicitly mentioned consistent cash flow, making it an attractive 'bread and butter' property for investors seeking stable returns.
Upside Potential: Offers significant upside potential through future rent increases, allowing for growth in income and property value over time.

Cons

Age of Property: Built in 1949, the property may require significant capital expenditures for updates to major systems (plumbing, electrical) and general modernization to meet current tenant expectations or maximize rental income.
Lack of Modern Unit Upgrades: The description does not highlight any recent renovations or modern amenities within the individual 2-bedroom, 1-bathroom units, suggesting they might be dated and require investment to command premium rents.
No Desirable View: The property explicitly states 'view: None,' which could be a minor detractor in a coastal area where desirable views often enhance property value and tenant appeal.

Best solution for experienced home buyers!

Data-driven home buying experience with our licensed real estate agents and cutting-edge AI

Browse Properties by State Browse market stats by State