RealKey
‪(213) 433-7766‬

126 N Arnaz Street, Ojai, California 93023, Ojai, 93023 - 4 bed, 3 bath

126 N Arnaz Street, Ojai, California 93023 home-pic-0
ACTIVE$1,800,000
126 N Arnaz Street, Ojai, California 93023
4Beds
3Baths
1,700Sqft
15,000Lot
Year Built
1955
Close
-
List price
$1.8M
Original List price
$1.8M
Price/Sqft
$1,059
HOA
-
Days on market
-
Sold On
-
MLS number
V1-23244
Home ConditionFair
Features
Good View: Mountain(s)
Deck
Patio
ViewMountain(s)

About this home

We found 3 Cons,5 Pros. Rank: price - $1.80M(50th), sqft - 1700(50th), beds - 4(50th), baths - 3(50th).

3 units on large lot, in the Heart and Soul of the Ojai Valley126 and 128 N. Arnaz two residences on large lot in the Meiner's Oaks artist community in the west end of the Ojai Valley. 2+1 Main residence and rental income next door.Very bright and light front room with wood floors and large eat-in kitchen with vintage charm. Two spacious bedrooms, with wood floors. Several outbuildings can be used as office, studio, workout room etc.. Large lot could be split per the county of Ventura. Room to built a ADU and jr. ADU. Property has lots of space for gardening, off street parking, RV or Boat, or just enjoying the large private fenced yard. Walk to shops and restaurants. Easy commute to SB or Ventura.

Nearby schools

3/10
Meiners Oaks Elementary School
Public,•K-6•0.5mi
4/10
Matilija Junior High School
Public,•7-8•1.4mi
2/10
Chaparral High School
Public,•9-12•2.2mi
Condition Rating
Fair
The property, built in 1955, shows signs of being well-maintained but is largely outdated. The kitchen features original or very old flat-panel cabinets, dated linoleum/vinyl flooring, and older appliances, though a backsplash appears to be a more recent, minor update. No bathroom images are provided, but given the kitchen's condition and the property's age, they are likely similarly dated. Heating is via wall heaters, and an old window AC unit is visible, indicating older, less efficient systems. While the wood floors in living areas and bedrooms are a positive, the overall aesthetic and key functional areas like the kitchen require significant modernization to meet current standards. It is livable but requires substantial updates to enhance comfort and appeal.
Pros & Cons

Pros

Income-Generating Potential: The property features three units on a large lot, including a main residence and an income-generating rental unit, offering significant cash flow or multi-generational living opportunities.
Exceptional Development Potential: Situated on a large lot with the possibility of lot splitting and the addition of an ADU and Jr. ADU, providing substantial future value and customization options.
Prime Ojai Location: Located in the 'Heart and Soul of the Ojai Valley' within the desirable Meiner's Oaks artist community, offering excellent walkability to shops and restaurants.
Versatile Auxiliary Spaces: Multiple outbuildings provide flexible options for use as offices, studios, or workout rooms, enhancing the property's functionality and appeal.
Desirable Outdoor Amenities & Views: Features a large private fenced yard with ample space for gardening, off-street parking for RVs/boats, and mountain views, contributing to a desirable lifestyle.

Cons

Age of Property & Potential for Modernization: Built in 1955, the property, while possessing 'vintage charm,' may require significant investment for comprehensive modernization of systems and finishes beyond the main residence's described features.
Unspecified Condition of Secondary Units/Outbuildings: The description lacks specific details regarding the current condition and updates of the rental unit and outbuildings, potentially indicating a need for further renovation to maximize their value and appeal.
Mixed School Ratings: While elementary and middle schools have fair ratings, the assigned high school (Chaparral High School) has a lower rating of 2, which might be a consideration for families prioritizing top-tier educational institutions.

Best solution for experienced home buyers!

Data-driven home buying experience with our licensed real estate agents and cutting-edge AI

Browse Properties by State Browse housing market trends by state