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Listed by James Kim • Keller Williams Exclusive Properties
$ 499,000
Est. payment | /mo
3 Beds
2 Baths
1,440 SqFt
$ 499,000
Est. payment | /mo
3 Beds
2 Baths
1,440 SqFt
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 1,440 sqft
Price per Sqft $346
Subdivision Nyeland Acres - 0395
MLS Listing ID 225004725
Bedrooms 3
Full Baths 2
Year Built 1987
Lot Size 7,840 Sqft
Property Sub-Type Single Family Residence
Source Conejo Simi Moorpark Association of REALTORS®
Property Description
Fantastic fixer opportunity in Oxnard! This property is uniquely situated in the middle of a SFR neighborhood and is registered with the Western Mobile Home Association (WMA), ID 28197 'Wonderland Mobile Home Park.' It includes two manufactured homes plus a third fixed structure, along with 8 owned (paid-off) solar panels that add extra value. Current rental income is about $2,800/month, making it appealing for investors.
The property is zoned RE-10,000 sq ft/MHP, which allows both residential estate use and operation as a mobile home park. While RE-10,000 zoning typically requires a 10,000 sq. ft. lot, this 7,800 sq. ft. parcel is a legal non-conforming lot, meaning it can continue to be used and improved as it is. The Mobile Home Park designation provides flexibility to keep operating with manufactured homes, while the City of Oxnard's Area Plan supports low-density residential (2-4 homes per acre), consistent with the surrounding SFR neighborhood.
Buyers have multiple options; retain it as an income property, redevelop into a SFR residence, or renovate and flip for profit. Conveniently located near schools, shopping, and major commuter routes, this is a rare chance to create value in a desirable location.
The property is zoned RE-10,000 sq ft/MHP, which allows both residential estate use and operation as a mobile home park. While RE-10,000 zoning typically requires a 10,000 sq. ft. lot, this 7,800 sq. ft. parcel is a legal non-conforming lot, meaning it can continue to be used and improved as it is. The Mobile Home Park designation provides flexibility to keep operating with manufactured homes, while the City of Oxnard's Area Plan supports low-density residential (2-4 homes per acre), consistent with the surrounding SFR neighborhood.
Buyers have multiple options; retain it as an income property, redevelop into a SFR residence, or renovate and flip for profit. Conveniently located near schools, shopping, and major commuter routes, this is a rare chance to create value in a desirable location.
Location
State CA
County Ventura
Area Vc36 - Oxn - El Rio/Nyeland
Interior
Flooring Other
Exterior
View Y/N No
Building
Lot Description Fenced Yard
Story 1
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Marissa Buss & Danny Lampert
Lic# 01770909 | 01834114