
Ojai, California 93023
This 1941 cottage represents a High-Potential Investment Opportunity, listed at a List Price of $949,000—positioned well below the $840,532 Fair Market Value by -12%. While the home maintains a Condition Rating of 4, its expansive 17,468 sq. ft. lot and vintage character provide significant upside for expansion or ADU development. Featuring a detached garage and mountain views, this property is a versatile Asset for those seeking to modernize a classic Ojai footprint. It is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants focused on long-term value-add potential.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1303 Cruzero Street Subject 2 bd · 1 ba · 1,146 sqft · $733 | $949,000* List Price | 2 | 1 | 1,146 | $733 | - |
A 155 W Villanova Road Sold 4 bd · 2 ba · 1,440 sqft · $677 · 0.5 mi | $975,000 | 4 | 2 | 1,440 | $677 | 0.5 mi |
B 1918 Country Place Sold 3 bd · 2 ba · 1,578 sqft · $580 · 0.6 mi | $915,000 | 3 | 2 | 1,578 | $580 | 0.6 mi |
C 479 W Lomita Avenue Active 3 bd · 2 ba · 1,093 sqft · $896 · 0.8 mi | $979,000 List Price | 3 | 2 | 1,093 | $896 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1941, this property is well-maintained but significantly dated. While the listing notes essential system updates like a newer roof, sewer lateral, and plumbing, the kitchen and interior finishes (original wood floors, plaster walls, and wall heaters) are over 20-30 years old. It is functional and move-in ready but requires cosmetic and system modernization to meet current standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 17468, living area = 1146.
The nearly half-acre lot is a rare find in Ojai, providing ample space for an ADU, pool, or home expansion to significantly increase property value.
This 1940s cottage retains its original wood floors and plaster walls, offering authentic charm paired with essential infrastructure updates like a newer roof and plumbing.
With only two bedrooms and one bathroom, the current configuration may be a constraint for families or buyers expecting a more modern primary suite.
At 1,146 square feet, the interior living space is relatively modest for the price point, likely requiring a layout reconfiguration to meet modern open-concept preferences.
Classic Ojai Cottage Charm on Nearly Half an Acre!Cute and full of original character, this delightful 1940s cottage sits on an expansive 17,424 sq. ft. lot, offering a wonderful combination of charm, space, and possibility. Featuring 2 bedrooms, 1 bathroom, and approximately 1,146 sq. ft., the home retains its original wood floors, plaster walls, and a distinctive midcentury fireplace that adds to its vintage personality. The comfortable floor plan offers a surprisingly spacious kitchen with ample prep space, a separate dining room, laundry room, and an additional family room overlooking the backyard.Lovingly cared for by the same owners for over 30 years, the property has benefited from very recent improvements, including a newer roof, sewer lateral, and plumbing, while retaining much of its original charm.The real standout is the expansive, nearly half-acre lot! Established gardens and mature fruit trees create an ever-changing landscape that reveals its beauty throughout the seasons. There's an abundance of parking, including room for RVs, boats, and recreational toys, with convenient vehicle access to the backyard. A covered patio, detached garage, and additional storage space add to the property's versatility. Whether you envision expanding the gardens, creating an orchard, adding a pool, or exploring the potential for additional living space, there's plenty of room to dream.And don't overlook the accessible unfinished attic! Currently offering storage potential, this intriguing space invites imagination, with possibilities to explore such as adding dormers and creating an art studio, playroom, or creative retreat, subject to applicable approvals.Set in a peaceful location with convenient access in and out of Ojai, this special property offers the charm of yesterday with the space and opportunity to create something uniquely your own.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.2 |
| Baths | 1.0 | 2.2 |
| Square foot | 1,146 | 1,795.352 |
| Lot Size | 17,468 | 11,438.426 |
| Price | $949.0K | $1.44M |
| Price per sq ft | $828 | $823 |
| Built year | 1941 | 1970 |
| HOA | $0 | $134 |
| Days on market | 13 | 64 |
Oct 11, 2026
$949,000
Initial Listing
May 19, 1998
$178,000
Public Record