11604 N Ventura Avenue, Ojai, California 93023, Ojai, 93023 - 3 bed, 2 bath
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Ojai, California 93023
This Dual-Parcel Income Property represents a strategic acquisition listed at $1,400,000, aligning with its $1,358,967 Fair Market Value. Following significant price corrections from the original list, the asset offers a stabilized entry into the Ojai market. The property holds a Condition Rating of 3, featuring a recently renovated kitchen with Quartz Countertops and a primary bath with a Clawfoot Tub. Boasting Mountain Views and a Spa, the 0.42-acre site provides immediate rental cash flow and development upside. This is an ideal opportunity for Owner-Occupants or Multi-Generational Families.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 11604 N Ventura Avenue Subject | $1,400,000* List Price | 3 | 2 | 1,694 | $802 | - |
A 1920 Tiara Drive Sold | $1,430,000 | 4 | 3 | 1,853 | $772 | 0.4 mi |
B 1227 Cruzero Street Sold | $1,100,000 | 3 | 2 | 1,178 | $934 | 0.3 mi |
C 1107 S Rice Road Sold | $985,000 | 3 | 2 | 1,181 | $834 | 0.5 mi |
D 1188 Fierro Drive Active | $1,395,000 List Price | 3 | 2 | 1,471 | $948 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 2001, this property is 23 years old. The main unit features a recently and extensively renovated kitchen with modern white shaker cabinets, stainless steel appliances, quartz-like countertops, and a stylish backsplash. The main bathroom is also updated with a double vanity, modern fixtures, a glass-enclosed shower, and a classic clawfoot tub. Wood-look laminate flooring is consistent throughout the main living areas, and paint colors are fresh. While the property's age is slightly outside the 10-20 year range for 'Good' based on build year alone, the significant and recent renovations in the primary living space, coupled with the overall well-maintained exterior and grounds, elevate its condition. The second unit's interior condition is less clear from the images, but the property is described as income-producing and move-in ready, indicating functional systems and minimal immediate renovation needs across the board.
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.
This property features two separate parcels totaling approximately 0.42 acre, presenting a rare and significant investment opportunity in the desirable Ojai Valley.
Currently operating as income-producing rental properties, this offering provides immediate cash flow and steady income for investors.
The property has undergone multiple price reductions, from an initial list price of $2,000,000 down to $1,500,000, which may suggest initial overpricing or market resistance.
While described as 'multiple units' and 'income-producing rental properties,' the provided details (3 beds, 2 baths, 1694 sqft) likely refer to only one structure, leaving the specific configurations, sizes, and condition of the second unit unclear and requiring further investigation.
The mention of 'future development potential (buyer to verify)' indicates that realizing this potential is not guaranteed and would require significant buyer effort, research, and potentially additional costs.
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.
No exterior & parking available.
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 | 1,694 | 1,711 | 48% |
| Lot Size | 11,761 | 10,454 | 54% |
| Price | $1.40M | $1.25M | 60% |
| Price per sq ft | $826 | $719 | 64% |
| Built year | 2001 | 1961 | 96% |
| HOA | $0 | $0 | 50% |
| Days on market | 159 | 166 | 49% |
Mar 25, 2026
$1,400,000
$1,500,000
-7% Price Drop
Initial Listing
Jan 31, 2026
$1,500,000
$1,750,000
-14% Price Drop
Initial Listing
Dec 3, 2025
$1,750,000
$2,000,000
-12% Price Drop
Initial Listing
Nov 14, 2025
$2,000,000
Initial Listing