1186 S Rice Road, Ojai, California 93023, Ojai, 93023 - 2 bed, 2 bath
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Ojai, California 93023
This Turnkey Single Family Residence is listed at $1,695,000, reflecting a premium over the $1,438,735 Fair Market Value. While priced above market, the property offers a Mint Condition Rating and significant utility through its Detached 1-Bedroom ADU and Nearly One-Acre Flat Lot. The high-end renovation, featuring a modern open-concept kitchen and mini-split HVAC, ensures a move-in-ready lifestyle. This property serves as a versatile compound for those prioritizing land and flexibility. It is an ideal acquisition for Multi-Generational Families or Owner-Occupants seeking a private Ojai retreat.
Property is new construction or fully renovated.
Although originally built in 1949, the property has undergone a comprehensive, high-end renovation within the last 5 years. The interior features a modern open-concept kitchen with white shaker cabinetry and stainless steel appliances, updated bathrooms with contemporary tile work, new flooring, and modern systems including mini-split HVAC units and recessed lighting. Both the main residence and the detached ADU are in mint, move-in-ready condition.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 41382, living area = 1116.
The inclusion of a detached 1-bedroom guest house provides exceptional flexibility for multi-generational living, a dedicated home office, or a consistent rental income stream.
The nearly one-acre flat and usable lot is a rare find in Ojai, offering significant potential for further development, agricultural pursuits, or creating a private luxury compound.
With only 1,116 square feet and two bedrooms in the main house, the property may feel undersized for larger families or buyers requiring more substantial interior volume.
The list price of $1.695M represents a significant premium for the square footage provided, which may challenge appraisal valuations despite the land and ADU value.
Discover the perfect blend of updated comfort and classic Ojai charm at 1186 S Rice Rd. Situated on a nearly one-acre parcel of flat, usable land, this property offers an incredible opportunity for a main home + guest house lifestyle. The main residence is a stylishly remodeled 2-bedroom, 2-bathroom home featuring an open, bright interior that leads seamlessly to an expansive outdoor patio--ideal for al-fresco dining, entertaining, or taking in the serene surroundings. Included on the property is a detached 1-bedroom ADU, providing excellent flexibility for guests, a home office, or rental income. The property is capped off with an oversized 2-car garage, offering ample space for vehicles and storage. Whether you're looking for a private compound or a weekend retreat, this rare, usable lot offers endless potential in a prime Ojai location.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 16% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,116 | 1,773 | 14% |
| Lot Size | 41,382 | 10,454 | 77% |
| Price | $1.65M | $1.29M | 70% |
| Price per sq ft | $1.5K | $758 | 91% |
| Built year | 1949 | 1961 | 21% |
| HOA | $0 | $0 | 50% |
| Days on market | 30 | 143 | 6% |
May 22, 2026
$1,650,000
$1,695,000
-3% Price Drop
Initial Listing
May 7, 2026
$1,695,000
Initial Listing
Apr 24, 2023
$860,000
Public Record
Aug 2, 2022
$800,000
Public Record
Dec 3, 1998
$235,000
Public Record