1131 Rancho Drive, Ojai, California 93023, Ojai, 93023 - 6 bed, 5 bath
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Ojai, California 93023
This Turnkey Modern Ranch is a High-Potential Investment Opportunity, listed at $4,250,000—positioned well below the $4,274,178 Fair Market Value by 0.57%. This valuation gap offers $24,178 in Instant Equity. Featuring a chef's kitchen, permitted ADU, and panoramic mountain views, the property maintains an Excellent Condition Rating. With over an acre of land, a sparkling pool, and a hillside lookout deck, this estate is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a sophisticated, move-in-ready Ojai retreat.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1131 Rancho Drive Subject | $4,250,000* List Price | 6 | 5 | 3,934 | $1,086 | - |
A 817 Del Oro Drive Sold | $3,325,000 | 5 | 3 | 3,428 | $970 | 0.9 mi |
B 205 S Lomita Avenue Active | $3,495,000 List Price | 6 | 5 | 4,276 | $817 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
This 1976 property has undergone a comprehensive, high-end modern renovation within the last few years. It features a chef's kitchen with designer finishes, wide-plank hardwood flooring, updated black-frame windows, and modern recessed lighting. The inclusion of a permitted ADU with its own modern systems and the overall turnkey state of the interior and exterior (pool/landscaping) meet the criteria for mint condition with no maintenance required.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 48351, living area = 3934.
The property features a fully permitted attached ADU, providing excellent flexibility for multi-generational living, guest accommodations, or a consistent rental income stream.
This 1970s ranch has been expertly transformed into a modern retreat with high-end designer finishes, a chef’s kitchen, and hardwood floors, offering a move-in-ready experience.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 3934, other record living area = 1906. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 6, other record bedroom count = 4.
With a list price of $4.25M following a 2023 sale of approximately $1.99M, the significant markup may face scrutiny regarding appraisal values and market absorption.
The combination of a large 1.1-acre lot, hillside structures, and extensive pool facilities necessitates substantial ongoing costs and effort for landscaping and property upkeep.
Welcome to 1131 Rancho Drive, an exceptional opportunity to own a beautifully renovated modern ranch-style property on just over an acre in one of Ojai's best neighborhoods. Boasting 3,934 square feet of charming living space, this expansive floor plan features 6 bedrooms and 5 bathrooms, thoughtfully designed to offer both comfort and versatility. The heart of the home is a chef's dream: a gorgeous kitchen adorned with designer tile, a large center island, and a walk-in pantry, perfect for entertaining large groups or everyday living. Elegant and rustic hardwood floors run throughout. Enjoy the flexibility of an attached ADU (fully permitted), ideal for guests, multigenerational living, or rental income. Step outside to a sparkling pool, built in bbq and beautifully landscaped grounds, offering space to relax, gather, and enjoy the serenity of Ojai. One of the property's standout features is the hillside lookout deck. Your private perch with stunning views across the valley, perfect for morning coffee or evening sunsets. This is a rare chance to own a turnkey investment retreat with scale, style, and soul in one of Ojai's most desirable enclaves. Please call/email for more details.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 6.0 | 3.0 |
| Baths | 5.0 | 2.0 |
| Square foot | 3,934 | 1,768.5 |
| Lot Size | 48,351 | 11,886 |
| Price | $4.25M | $1.33M |
| Price per sq ft | $1.1K | $778 |
| Built year | 1976 | 1972 |
| HOA | $0 | $50 |
| Days on market | 26 | 61 |
Jun 26, 2026
$4,250,000
Initial Listing
Aug 14, 2023
$1,987,500
Public Record
Apr 9, 1996
$372,000
Public Record