1116 Okapi, Ventura, California 93003, Ventura, 93003 - 3 bed, 2 bath
1116 Okapi
Ventura, California 93003
Property Price
SUMMARY
Analysis of 1116 Okapi, Ventura, California 93003 reveals a Prime Investment Opportunity with a current list price of $555,000—significantly undercutting the $594,346 Fair Market Value by 6%. This valuation gap indicates a +$39,346 Instant Equity potential for buyers. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Ventura Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1116 Okapi Subject | $555,000* List Price | 3 | 2 | 1,241 | $479 | - |
A 1635 Beagle Court Sold | $555,000 | 3 | 2 | 1,296 | $428 | 0.3 mi |
B 1628 Tapir Circle Sold | $580,000 | 3 | 2 | 1,182 | $491 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
Built in 1973, this property is functional and maintained but clearly dated, aligning with the 'Fair' classification. While the kitchen has received partial updates with newer cabinets and countertops, the listing explicitly suggests the need for 'personal stylistic touches,' indicating original or older flooring, paint, and fixtures. The 1.5-bathroom layout for a three-bedroom home is an outdated configuration, and the property has not undergone a comprehensive recent renovation to meet 'Good' or 'Excellent' standards.
PROSSTRENGTHS & OPPORTUNITIES
- Exceptional Community Amenities
Situated in the park-like Todd Ranch community, the property offers access to three pools, two clubhouses, and lush landscaping, with an HOA that conveniently covers water, sewer, and trash services.
- Updated Kitchen and Functional Layout
The home features a modernized kitchen with updated cabinetry and countertops, complemented by a versatile three-bedroom floor plan that includes a private fenced patio and a second-story balcony.
- Prime Central Location
Ideally located near the Ventura Aquatic Center, Kimball Park, and major freeways (101/126), providing easy access to shopping, dining, and Ventura’s popular beaches and harbor.
CONSRISKS & DEFICIENCIES
- Low Available Lot Utilization
The property has a small lot size, more than 70 percent of which is taken by its living area. lot size in square feet = 1742, living area = 1241.
- Requirement for Cosmetic Updates
The property is marketed as an opportunity to add personal stylistic touches, suggesting that the interior may require investment in flooring, paint, or other aesthetic upgrades to meet modern preferences.
- Limited Bathroom Count
For a three-bedroom residence, the 1.5-bathroom configuration may be a drawback for families or buyers seeking a full primary ensuite or more convenience for guests.
About 1116 Okapi
This is an excellent opportunity to own in a beautiful park like and tranquil community. Come add your own personal stylistic touches and create your own comfortable retreat. This 3-bedroom and 1.5-bathroom home offers 1241 SF of living space. The large main bedroom has 2 closets and ceiling fan, and a second bedroom opens onto an inviting balcony that you can enjoy the warm evenings. At the rear of this room is a large walk-in closet that leads to the full bathroom and next to the third bedroom that overlooks the rear patio. The lovely patio area is fully fenced, low maintenance and offers space for entertaining or simply relaxing and enjoying the Ventura breeze. It also includes a storage closet and a laundry closet with washer and dryer included. The kitchen has updated cabinets and countertops and includes the refrigerator and has a direct access door to the one-car garage that offers plenty of additional storage, plus a driveway parking space. There is also an assigned 2nd parking space for your guests or a second vehicle. The HOA includes water, sewer, trash, and pool/clubhouse access. Todd Ranch is a safe, friendly community that includes 3 pools, 2 clubhouses, serene landscaping. and lush walkways. This wonderful complex is centrally located in town near the Ventura Aquatic Center, Kimball Park and Barranca Vista Park, grocery stores, shopping, restaurants, 101/126 freeways. and just minutes away from Ventura's beautiful beaches and the Ventura Harbor. Located within a Planned Urban Development (PUD) this property qualifies for Conventional, FHA and VA financing. Don't miss out on this opportunity - schedule your showing today!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1973
- Lot Size
- 1,742 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $437.0 / Month
Neighborhood Insights
Ventura Unified Schools
Portola Elementary School
Grades K-5 • 0.5 mi
Anacapa Middle School
Grades 6-8 • 3.0 mi
Buena High School
Grades 9-12 • 1.5 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,241 | 1,685 | 13% |
| Lot Size | 1,742 | 6,969 | 7% |
| Price | $555.0K | $930.0K | 3% |
| Price per sq ft | $447 | $569 | 14% |
| Built year | 1973 | 1964 | 59% |
| HOA | $437.0 | $0 | 93% |
| Days on market | 9 | 166 | 2% |
Pricing History
Listed for Sale
Feb 26, 2026
$555,000
Initial Listing