1981 S Rice Road, Ojai, California 93023, Ojai, 93023 - 4 bed, 3 bath
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Ojai, California 93023
This Versatile Dual-Residence Property is listed at $1,599,000, representing a unique Ojai compound compared to its $1,456,887 Fair Market Value. The estate features two separate homes on a half-acre lot, maintaining a Condition Rating of 4 with well-kept, original 1959 finishes. Key highlights include Mountain Views of the Topa Topas and a detached garage with ADU Conversion Potential. Located near Mira Monte Elementary, this property balances lifestyle and utility, making it a premier choice for Owner-Occupants seeking rental income or Multi-generational Families looking for a flexible, private compound.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1981 S Rice Road Subject | $1,599,000* List Price | 4 | 3 | 2,206 | $660 | - |
A 1182 Lake Avenue Sold | $1,225,000 | 4 | 3 | 2,137 | $573 | 0.1 mi |
B 1920 Tiara Drive Sold | $1,430,000 | 4 | 3 | 1,853 | $772 | 0.6 mi |
C 1794 S Rice Road Sold | $1,185,500 | 3 | 2 | 1,600 | $741 | 0.2 mi |
D 1454 S La Luna Avenue Sold | $1,700,000 | 3 | 3 | 2,476 | $687 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property is well-maintained and move-in ready, but the interior finishes are significantly outdated. The kitchen and bathrooms feature tile countertops and cabinetry styles consistent with renovations from over 20 years ago. While the home shows pride of ownership through regular upkeep, it lacks modern updates to its 1959 infrastructure and original systems.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 21344, living area = 2206.
The property features two separate homes with individual addresses on nearly half an acre, offering exceptional flexibility for rental income, multi-generational living, or a dedicated home office.
The guest house includes a spacious 515 sq. ft. detached garage that presents a prime opportunity for conversion into a third living unit or ADU, further maximizing the property's utility.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2206, other record living area = 1506. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
With the original structure dating back to 1959, the property may require updates to major systems or cosmetic modernizations to meet current luxury standards.
The local high school carries a lower performance rating (2/10), which may be a consideration for families prioritizing specific public education metrics.
Two addresses, two homes, and a setup that allows for flexibility from the start. Positioned on just under half an acre along South Rice Road, where an open setting meets neighborhood convenience, this property gives you options.The main house at 1981 South Rice offers approximately 1,500 square feet with 3 bedrooms and 2 bathrooms. Spacious common areas include a living room and a separate den with a fireplace and direct access to the main house 2 car garage. The kitchen and dining areas open to the backyard, as does the primary suite, creating an easy connection to the outdoors. Further complementing the indoor-outdoor Ojai lifestyle are an outdoor kitchen, peekaboo views of the Topa Topas, fruit trees, and raised garden beds.The guest house at 1977 South Rice offers 700 sq. ft. with 1 bedroom 1 bathroom, has its own driveway, private backyard, and a spacious detached 515 sq. ft. 2-car garage that could be turned into a third unit. Whether used for multi-generational living, guests, rental income, or a dedicated work-from-home environment, it adds a layer of versatility that can adapt to a variety of needs.Located near the Ventura River Preserve, Lake Casitas, coffee, shops, and restaurants, and just a short drive to downtown Ojai, this property balances privacy, versatility, and convenience. Don't miss this rare opportunity to own two homes in Ojai!
No exterior & parking available.
Grades K-6 • 1.1 mi
Grades 7-8 • 2.6 mi
Grades 9-12 • 3.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 61% |
| Baths | 3.0 | 2.0 | 51% |
| Square foot | 2,206 | 1,792 | 70% |
| Lot Size | 21,344.4 | 10,454 | 72% |
| Price | $1.60M | $1.25M | 69% |
| Price per sq ft | $725 | $719 | 54% |
| Built year | 1959 | 1960 | 49% |
| HOA | $0 | $0 | 50% |
| Days on market | 25 | 166 | 4% |
Mar 28, 2026
$1,599,000
Initial Listing
Dec 3, 1996
$285,000
Public Record
Jul 31, 1996
$24,000
Public Record