120 S La Luna Avenue, Ojai, California 93023, Ojai, 93023 - 3 bed, 4 bath

120 S La Luna Avenue, Ojai, California 93023 home-pic-0
ACTIVE UNDER CONTRACT$1,295,000
120 S La Luna Avenue, Ojai, California 93023
3Beds
4Baths
1,693Sqft
15,500Lot
Year Built
1948
Close
-
List price
$1.29M
Original List price
$1.29M
Price/Sqft
$765
HOA
-
Days on market
-
Sold On
-
MLS number
V1-25021
Home ConditionGood
Features
Good View: Mountain(s)
Deck
Patio
ViewMountain(s)

About this home

Possibly Over-Priced:The estimated price is 36% below the list price. We found 3 Cons,6 Pros. Rank: price - $1.29M(61th), sqft - 1693(59th), beds - 3(50th), baths - 4(84th).

Enjoy the picturesque Ojai Valley mountain views across an open pasture with grazing horses. This charming Meiners Oaks home is nestled on slightly over a third of an acre, offering a serene setting. It's within walking distance to the Ventura River Preserve, where you can hike, bike, ride horse trails, and swim. In the other direction, a short stroll brings you to local favorites like Ojai Noodle House, Papa Lennon's, and Farmer & the Cook.The home features a refreshed open kitchen with ample storage and elegant butcher block countertops. The primary bedroom, located at the front of the house, with an adjoining stylish bath. Down the hall, a step-down leads to the home's entertainment space, boasting a vaulted ceiling and a slider that opens to a private courtyard perfect for outdoor dining beneath the oaks.Off the family room, you'll find two additional bedrooms, each with mountain views, sharing a bath. The property also includes a spacious legal outbuilding/barn, ideal for overnight guests, covered parking, and a large storage or workshop area. This home embodies the perfect blend of rustic charm and modern comfort, offering a luxurious small-town lifestyle. This property has tons of potential for creating an ADU or splitting the lot into two properties.

Nearby schools

3/10
Meiners Oaks Elementary School
Public,K-60.5mi
4/10
Matilija Junior High School
Public,7-81.6mi
2/10
Chaparral High School
Public,9-122.3mi
Condition Rating
Good

Despite being built in 1948, the property presents as move-in ready due to recent updates. The kitchen features modern dark cabinetry, elegant butcher block countertops, and a stylish farmhouse sink, indicating a recent refresh. The primary bathroom is described as 'stylish,' and the visible bathroom shows clean, functional fixtures with a classic mosaic tile floor. Interior spaces are bright with fresh paint, updated lighting, and a mix of hardwood and clean carpet flooring. While the age of the property suggests potential for older major systems, the visible cosmetic and functional updates in key areas place it firmly in 'Good' condition, requiring no immediate renovations.
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 = 15500, living area = 1693.
Scenic Views & Serene Setting: The property offers picturesque Ojai Valley mountain views across an open pasture with grazing horses, providing a tranquil and desirable backdrop.
Development Potential: Significant potential exists for creating an Accessory Dwelling Unit (ADU) or even splitting the lot into two separate properties, offering future value and flexibility.
Prime Location & Walkability: Enjoy excellent walkability to the Ventura River Preserve for outdoor activities and a short stroll to popular local establishments like Ojai Noodle House and Farmer & the Cook.
Versatile Outbuilding: A spacious legal outbuilding/barn provides flexible space ideal for overnight guests, covered parking, or a large storage/workshop area.
Generous Lot Size: Nestled on slightly over a third of an acre (15,500 sqft), the property offers ample outdoor space, privacy, and room for expansion or landscaping.

Cons

Significant Valuation Discrepancy: The property's estimated value is considerably lower than the current listing price, suggesting potential overpricing or a disconnect with recent market comparables.
Age of Property & Potential Maintenance: Built in 1948, the home is older, which may imply a need for updates to major systems (e.g., electrical, plumbing, HVAC) and potential for deferred maintenance beyond cosmetic refreshes.
High Price Per Square Foot: At 1693 sqft, the listing price of $1.295M results in a high price per square foot, which may be a consideration for buyers evaluating value, especially given the property's age.

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