How many times have you heard the phrase “unique” in reference to some kind of offbeat property? Usually it’s a bad thing. But in the case of the home I’m about to describe, it’s like someone you met at a party who wasn’t your type but that you can’t quite get out of your mind…and the more I think about it, the more I like it.
This is a beach front, semi-detached home on Hollywood Beach in the Oxnard Shores area. If you’ve never been to that area, it is near Channel Islands Harbor and is a few blocks of totally amazing homes – the Southland’s best-kept secret. Hollywood Beach is a realistic weekend destination an hour or two outside of LA, depending on the traffic and where you live, and it feels like another world once you get there.
It is my favorite beach neighborhood of all the ones in the Oxnard Shores area, and they’re all great. It’s very nice for strolling – the sandy beach is wide and the harbor is nearby. The area costs about a tenth of beach front property in Malibu or Santa Barbara for no good reason and is totally gorgeous; there are also a lot of tourist/waterfront activities such as sport fishing and sailing. There are all types of homes there – from tiny cottages to enormous multi-million dollar mansions – and the range is about $1.5 to 4 or 5 million for beachfront.
ANYWAY, this home has one common wall with the adjoining unit (very few units like this on these beaches – most are single family homes) and is bank owned; it has new carpets and appliances, but is not updated and has a bit of an odd layout. The bottom floor has a large entry area and a master bedroom with fireplace which opens onto the sand via a small patio.
Upstairs, the second master bedroom is in the back, the kitchen in the middle and the living room with fireplace overlooks the sand.
The upstairs ceilings are high and have skylights, which gives the top floor an airy feel, but there is a goofball wall separating the kitchen from the living room. It has some odd built-ins in the bedrooms and is missing a flower box, but is in move-in condition if you don’t care whether things are perfectly updated or you prefer to do your own updating.
In another type of economy, it would be a great candidate for updating and flipping, but now it is a perfect way for someone (you?) to get into beachfront property at a fire sale price.
When dealing with a bank on bank-owned property, the buyer usually has to pay for more closing items than in a normal sale and the bank usually refuses to fix anything. The $1,015,000 asking price (and remember, that’s the asking price) is so reasonable that anything extra you pay for would be well worth it.
With 2 bedrooms and 2 baths in 1455 square feet it’s a perfect weekend getaway or down-sizer for empty-nesters. It would also be an excellent rental – to students from Cal State Channel Islands during the school year and to vacationers during the summer.
Contact me for a showing!
Leslie Luciani, Realtor, DRE #01908135
Listing courtesy of Sheldon Berger, Coldwell Banker Residential