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11604 N Ventura Avenue, Ojai, California 93023, Ojai, 93023 - 3 bed, 2 bath

11604 N Ventura Avenue, Ojai, California 93023 home-pic-0
ACTIVE$1,750,000
11604 N Ventura Avenue, Ojai, California 93023
3Beds
2Baths
1,694Sqft
11,761Lot
Year Built
2001
Close
-
List price
$1.75M
Original List price
$2M
Price/Sqft
$1,033
HOA
-
Days on market
-
Sold On
-
MLS number
V1-33377
Home ConditionFair
Features
Good View: Mountain(s)
Spa
Patio
ViewMountain(s)

About this home

Possibly Over-Priced:The estimated price is 7% below the list price. We found 3 Cons,6 Pros. Rank: price - $1.75M(82th), sqft - 1694(59th), beds - 3(50th), baths - 2(50th).

Nestled in Ventura County's scenic Ojai Valley, this property offers the perfect blend of rustic elegance and accessibility. Whether your interest is in a tranquil primary residence, a vacation retreat, or a strategic investment, the site at 11604-11606 N Ventura Ave delivers both setting and substance. The valley's renowned natural beauty, mild climate and vibrant local culture all add to the value proposition.Fantastic dual-parcel investment opportunity in Ojai! 11604-11606 N Ventura Avenue features two separate parcels totaling approximately 0.42 acre, currently operating as income-producing rental properties. The property offers flexibility for investors or owner-occupantslive in one and rent the other, continue as rentals, or explore future development potential (buyer to verify). Conveniently located along North Ventura Avenue with easy access to downtown Ojai, local shops, and hiking trails, this is a rare chance to own multiple units in a desirable location that combines steady income with classic Ojai charm.

Price History

Date
Event
Price
12/03/25
Price Change
$1,750,000-12.5%
11/14/25
Listing
$2,000,000
Condition Rating
Fair
The property was built in 2001, making it 23 years old, which places it outside the 'Good' category for original construction. While the exterior and landscaping appear well-maintained, and one interior image shows updated flooring and paint, there are no images of the kitchen or bathrooms. Without visual confirmation of these critical areas, it's difficult to assess their condition, style, and features. The visible interior room also features a popcorn ceiling and a basic light fixture, suggesting that while some updates have occurred, the property has not undergone a full, recent renovation. It appears to be aged but maintained with occasional updates, fitting the 'Fair' criteria.
Pros & Cons

Pros

High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 11761, living area = 1694.
Dual-Parcel Investment Opportunity: This property offers a fantastic dual-parcel investment opportunity totaling approximately 0.42 acre, providing significant land value and potential for multiple income streams or future development.
Versatile Use & Development Potential: The site offers high flexibility for various buyers, suitable as a tranquil primary residence, a vacation retreat, or a strategic investment, with potential for future development (buyer to verify).
Prime Ojai Location: Nestled in the scenic Ojai Valley, the property boasts a desirable location with renowned natural beauty, a mild climate, vibrant local culture, and convenient access to downtown Ojai, shops, and hiking trails.
Income-Producing Asset: Currently operating as income-producing rental properties, this offers immediate cash flow and a proven return on investment for prospective buyers.
Scenic Views & Lifestyle: The property benefits from mountain views and is situated in an area known for its natural beauty and classic Ojai charm, enhancing its appeal for residents and renters alike.

Cons

Recent Price Reduction: The property has undergone a significant price reduction from its original list price of $2,000,000 to $1,750,000, which may suggest an initial overvaluation or extended market time.
Unverified Development Potential: While future development potential is highlighted, the explicit note 'buyer to verify' indicates that this potential is not guaranteed and requires significant due diligence, time, and potentially cost from the buyer.
Limited Property Specifics: The description lacks detailed information regarding the existing income-producing structures, such as the exact number of units, their individual configurations (beds/baths/sqft per unit), or their current condition, necessitating further investigation.

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