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

home-pic
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
-
HOA
-
Days on market
-
Sold On
-
MLS number
SR25248925
Home ConditionGood
Features
Good View: Park/Greenbelt, Trees/Woods
Deck
Patio
ViewPark/Greenbelt, Trees/Woods

About this home

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. One unit has a long-term month to month tenants that pay $1967, which can be increase to market rent that 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 recommend 2 loan brokers, to check for lower rates!

Nearby schools

3/10
Sierra Linda Elementary School
Public,K-50.7mi
2/10
Curren Elementary School
Public,K-80.2mi
3/10
Fremont Intermediate School
Public,6-80.4mi
4/10
Pacifica High School
Public,9-120.8mi
9/10
Rancho Campana High
Public,9-129.6mi

Price History

Date
Event
Price
10/29/25
Listing
$1,400,000
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (1 Listings)
Beds00
Baths00
Square foot3,9403,487
50%
Lot Size6,0986,607
50%
Price$1.4M$1.18M
50%
Price per square foot$355$334.5
50%
Built year19749845987
100%
HOA
Days on market763
50%
Condition Rating
Good

Two of the three units have undergone extensive renovations less than two years ago, featuring new kitchens with modern cabinetry, granite countertops, stainless steel appliances, and updated bathrooms with contemporary tile work and vanities. The flooring throughout these units is new, durable wood-look tile. While the property was built in 1974 and one unit remains un-updated, the significant recent renovations in the majority of the living spaces bring the overall condition to a 'Good' standard, making these units move-in ready with modern aesthetics.
Pros & Cons

Pros

Strong Investment Opportunity: A rare triplex in a desirable rental area of Northwest Oxnard, offering significant income potential and rent growth opportunities, especially with one vacant unit and one unit currently below market rent.
Recent Unit Updates: Two of the three units have been recently updated (less than two years ago) with new kitchens, bathrooms featuring granite countertops, and durable tile flooring, enhancing tenant appeal and value.
Multiple Income Streams & Expansion Potential: The property includes four garages, one already rented for storage, with potential for conversion into additional units (subject to city approval). An unused laundry room also presents an opportunity for coin-operated income.
Spacious Units with Desirable Features: All three units are generously sized at approximately 1314 sq ft, each featuring a living room with a fireplace, dining room, kitchen, and bedrooms. Units also offer outdoor spaces like a large balcony or patio with park views.
Owner-Occupant Friendly & Convenient Location: The vacant unit allows for owner-occupancy with potential for low down payment financing. The building is conveniently located close to a park, shopping centers, and freeway access.

Cons

Under-Market Rent for One Unit: One unit is currently rented significantly below market rate ($1967 vs. $3100), requiring the new owner to navigate rent increases with a long-term, month-to-month tenant to maximize income.
Unutilized Income-Generating Assets: The on-site laundry room is currently not in use, representing a missed income opportunity that requires investment and setup (e.g., coin machines) to activate.
Potential for Older Systems/Deferred Maintenance: Built in 1974, and with only two of three units explicitly stated as updated, there's a potential for older building systems (e.g., plumbing, electrical, roof) in the third unit or common areas that may require future capital expenditures.

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