129 S Olive Street, Santa Paula, California 93060, Santa Paula, 93060 - 2 bed, 1 bath
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129 S Olive Street
Santa Paula, California 93060
ACTIVE UNDER CONTRACT
CONDITION: FAIR
2Beds
1Baths
670Sq Ft
5,662Lot Size
Property Price
LIST PRICE$549,000
EST. MARKET VALUE
$532,595
3% AboveMARKET VALUE
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $549,000—positioned well below the $532,595 Fair Market Value by -3%. While the home has a Fair Condition Rating (4/10), the generous 5,662 sqft lot offers significant upside for expansion or an ADU addition. Located near Santa Paula High School, this asset requires modernization to reach its full potential. It is a strategic acquisition ideal for Buy-and-Hold Investors or first-time buyers seeking a value-add project in Ventura County.
Estimated Market Value
$532,595
Based on Realkey algorithm analyzing recent comparable sales in Santa Paula.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 129 S Olive Street Subject | $549,000* List Price | 2 | 1 | 670 | $795 | - |
A 226 Brett Way Active Under Contract | $520,000 List Price | 2 | 1 | 782 | $665 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1929, the property is significantly dated. While it features newer laminate flooring, the kitchen cabinetry and tile countertops appear to be over 30 years old. The small footprint and aged exterior suggest the home needs modernization and minor repairs to meet current standards.
PROSSTRENGTHS & OPPORTUNITIES
- Development Potential
The generous 5,662 square foot lot offers significant opportunity for expansion, outdoor living enhancements, or the addition of an ADU to increase property value.
- Strategic Location
Conveniently situated near Downtown Santa Paula, local schools, and Highway 126, providing excellent accessibility for commuters and easy access to local amenities.
- Market Entry Pricing
Priced competitively at $549,000, this property serves as an accessible entry point for first-time buyers or investors looking to own a detached home in Ventura County.
CONSRISKS & DEFICIENCIES
- Limited Interior Square Footage
At only 670 square feet for a two-bedroom configuration, the living space is quite compact and may feel restrictive for many modern buyers.
- Vintage Condition
Built in 1929, the home likely requires significant modernization and updates to its core systems and finishes to meet contemporary standards.
About 129 S Olive Street
Welcome to 129 S Olive Street, a charming 2-bedroom, 1-bath home offering a fantastic opportunity in the heart of Santa Paula. With approximately 670 square feet of living space, this property is ideal for a first-time homebuyer, investor, or anyone looking for a smaller home with room to make it their own.One of the standout features of this property is the potential offered by the lot. Whether you're looking to create additional outdoor living space, expand the existing home, or explore the possibility of adding an ADU, this property provides plenty of opportunity for the new owner to bring their vision to life. Conveniently located near Downtown Santa Paula, local restaurants, shopping, schools, parks, and easy access to Highway 126, this home combines an established neighborhood setting with convenient access to everything the Heritage Valley has to offer.With its attractive price point and future potential, 129 S Olive Street is a great opportunity to own a single-family home in Ventura County. Bring your ideas and make this property your own!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1929
- Lot Size
- 5,662 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Santa Paula Unified Schools
Santa Paula High School
Grades 9-12 • 0.5 mi
0/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.3 |
| Baths | 1.0 | 2.0 |
| Square foot | 670 | 1,787.529 |
| Lot Size | 5,662 | 6,379.794 |
| Price | $549.0K | $755.7K |
| Price per sq ft | $819 | $469 |
| Built year | 1929 | 1985 |
| HOA | $0 | $283 |
| Days on market | 27 | 64 |
Pricing History
Listed for Sale
Aug 13, 2026
$549,000
Initial Listing