1264 Ferrara Drive, Ojai, California 93023, Ojai, 93023 - 4 bed, 3 bath
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Ojai, California 93023
This Flexible Residential Asset represents a High-Potential Investment Opportunity, listed at $980,000—positioned above the $947,052 Fair Market Value. While the property requires modernization, its Condition Rating of 4 and versatile floor plan—featuring a primary suite with a separate entrance—provide significant value-add potential. The expansive 9,583 sqft lot and Mountain Views enhance long-term appeal in the desirable Oaks West neighborhood. This property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to build equity through strategic renovations in a prime Ojai location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1264 Ferrara Drive Subject | $980,000* List Price | 4 | 3 | 1,667 | $568 | - |
A 1600 S Rice Road Sold | $803,000 | 3 | 3 | 1,630 | $493 | 0.6 mi |
B 1853 Country Place Sold | $965,000 | 4 | 2 | 1,600 | $603 | 1.0 mi |
C 1053 S Rice Road Sold | $850,000 | 3 | 2 | 1,181 | $720 | 0.2 mi |
D 1284 Ferrara Drive Active | $1,259,000 List Price | 3 | 3 | 2,141 | $588 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1961, the home features an interior that is significantly dated, with wood paneling, popcorn ceilings, and wainscoting suggesting renovations are likely 20-30+ years old. While the property appears well-maintained and functional, the kitchen and baths require modernization, and the age of the structure suggests a need for minor repairs and system updates.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 9583, living area = 1667.
The floor plan features a primary suite addition with a separate entrance and a second ensuite bedroom, offering excellent potential for multi-generational living or private guest quarters.
Situated in the desirable Oaks West neighborhood, the property boasts stunning mountain views and close proximity to the Ojai Valley Trail, Lake Casitas, and downtown amenities.
With four bedrooms and three bathrooms configured within 1,667 square feet, the individual room sizes and common living areas may feel somewhat constrained.
Given the 1961 construction date, the original portions of the home may require additional capital investment to update finishes and systems to meet contemporary buyer expectations.
Set beneath a canopy of mature oaks in Ojai's desirable Oaks West neighborhood, this spacious 4-bedroom, 3-bath home offers warmth, flexibility, and mountain views. A covered tile porch welcomes you into the light-filled interior and a living room with beautiful mountain views. The flexible floor plan includes a primary suite addition with a walk-in closet, built-in shelving, sliding door to the backyard, and an ensuite bath with a dual-sink vanity. A separate entrance adds potential for using this suite as private guest quarters. The original primary bedroom, featuring a step-in closet and ensuite bath with a tile shower, could function as either a second primary suite or guest bedroom. The large backyard features fruit trees, Matilija poppies, plenty of shade, a patio, and ample space for a garden or play area. All of this space and potential is conveniently located near Lake Casitas, the Ojai Valley Trail, shops, restaurants, a local produce stand, and downtown Ojai.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 61% |
| Baths | 3.0 | 2.0 | 52% |
| Square foot | 1,667 | 1,772 | 44% |
| Lot Size | 9,583 | 10,454 | 43% |
| Price | $980.0K | $1.29M | 28% |
| Price per sq ft | $588 | $758 | 21% |
| Built year | 1961 | 1961 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 35 | 150 | 7% |
May 10, 2026
$980,000
Initial Listing