1116 Okapi, Ventura, California 93003, Ventura, 93003 - 3 bed, 2 bath
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Ventura, California 93003
This Todd Ranch Townhome-style PUD is a Prime Investment Opportunity listed at $555,000—positioned well below the $574,453 Fair Market Value by 3%. This valuation gap provides $19,453 in Instant Equity. While the property holds a Functional but Dated Condition Rating, it features a modernized kitchen and a private patio with wooded views. Residents enjoy extensive community amenities and proximity to the 8/10 rated Portola Elementary. This is an ideal acquisition for Owner-Occupants or first-time buyers seeking a value-add retreat.
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 | $463 | - |
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 |
C 1451 Iguana Circle Active | $565,000 List Price | 3 | 2 | 1,238 | $456 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1973, this property is functional but significantly dated, requiring cosmetic updates to meet modern standards. While the kitchen has received some updates to the cabinets and countertops, the rest of the home features heavily stained and worn carpeting, dated wallpaper, popcorn ceilings, and older white appliances. The property is well-maintained through regular upkeep but shows clear signs of age and lacks a comprehensive recent renovation.
Situated in the desirable Todd Ranch community, the property offers access to three pools, two clubhouses, and lush park-like grounds, with an HOA that covers water, sewer, and trash.
As a Planned Urban Development (PUD), this home qualifies for Conventional, FHA, and VA financing, making it an excellent and accessible opportunity for a wide range of buyers.
The property features a rare combination of a one-car garage with direct access, a private driveway space, and an additional assigned parking spot, providing ample room for multiple vehicles.
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.
With three bedrooms but only 1.5 bathrooms, the home may feel congested for larger families or guests sharing a single full bathroom.
Built in 1973, the property is marketed as needing 'personal stylistic touches,' suggesting that buyers may need to budget for cosmetic updates beyond the already remodeled kitchen.
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!
No exterior & parking available.
Grades K-5 • 0.5 mi
Grades 6-8 • 3.0 mi
Grades 9-12 • 1.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,241 | 1,706 | 14% |
| Lot Size | 1,742 | 6,969 | 7% |
| Price | $555.0K | $950.0K | 3% |
| Price per sq ft | $447 | $569 | 15% |
| Built year | 1973 | 1963 | 64% |
| HOA | $437.0 | $0 | 93% |
| Days on market | 55 | 181 | 12% |
Feb 26, 2026
$555,000
Initial Listing