941 Dunes Street, Oxnard, California 93035, Oxnard, - bed, bath
ACTIVE$1,300,000
941 Dunes Street, Oxnard, California 93035
0Bed
0Bath
3,080Sqft
6,098Lot
Year Built
1983
Close
-
List price
$1.3M
Original List price
$1.48M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
SR25134530
Home ConditionFair
Features
Patio
ViewNeighborhood
About this home
This duplex is in an excellent location and is a great investment with long-term, stable tenants and the potential for increased rental rates over time. Both units are leased at $2,900 per month (plus all utilities). One (943) unit is leased through the end of August 2026. The other unit is leased through the end of March 2026. Monthly rental rates in the area run between $1.75/sf and $2.75/sf, so there is a significant upside opportunity to increase cash flow. Owner may be willing to carry. See private remarks. New exterior paint, recent repairs and other upgrades make the property transfer ready.
Price History
Date
Event
Price
08/19/25
Price Change
$1,300,000
06/16/25
Listing
$1,479,000
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (3 Listings) | |
|---|---|---|---|
| Beds | 0 | 5 | |
| Baths | 0 | 3 | |
| Square foot | 3,080 | 2,356 | 75% |
| Lot Size | 6,098 | 2,967 | 75% |
| Price | $1.3M | $1.37M | 50% |
| Price per square foot | $422 | $552 | 50% |
| Built year | 1983 | 9875992 | 75% |
| HOA | |||
| Days on market | 143 | 169 | 25% |
Condition Rating
Fair
Built in 1983, this property is over 40 years old. While the listing mentions 'new exterior paint, recent repairs and other upgrades,' the interior images reveal significantly dated features. The kitchen has tiled countertops, older wood cabinets, and a large fluorescent ceiling light, along with older black appliances. The bathrooms also feature tiled countertops, dated vanities, and outdated strip lighting. Carpeting in living areas and bedrooms appears worn and dated. The property is functional and maintained, but the interior aesthetics, particularly in the kitchen and bathrooms, are clearly from 20-30+ years ago and would require substantial updates to meet modern standards.
Pros & Cons
Pros
Prime Location: Situated in the desirable 'Dunes Beach Area' of Oxnard, offering an excellent location for rental demand and potential appreciation.
Strong Investment Potential: As a duplex with existing income and significant upside opportunity to increase rental rates (current $2,900/month vs. market $1.75-$2.75/sf), it presents a compelling investment.
Stable Tenant Base: The property benefits from long-term, stable tenants, ensuring immediate and reliable cash flow for a new owner.
Owner Financing Option: The owner's willingness to carry offers a flexible financing alternative, potentially broadening the buyer pool.
Recent Upgrades & Maintenance: New exterior paint, recent repairs, and other upgrades indicate the property is 'transfer ready,' reducing immediate capital expenditure for the buyer.
Cons
Delayed Rental Upside: Current leases extend until March and August 2026, delaying the immediate realization of the significant rental rate increase potential.
Recent Price Reduction: The property has undergone a notable price reduction from $1.479M to $1.3M, which may suggest previous overpricing or market resistance.
Limited View: Despite its beach area location, the property's view is specified as 'Neighborhood,' which may not command the premium associated with ocean or panoramic views.