
Ojai, California 93023
This Multi-Unit Residential Property is a Strong Value Opportunity, listed at $1,149,000—positioned well below the $1,240,432 Fair Market Value by 7%. This valuation gap offers $91,432 in Instant Equity for the buyer. Featuring a Condition Rating of 3, the property includes a main home, detached ADU, and studio, offering exceptional versatility. Located in Meiners Oaks, this asset is ideal for Buy-and-Hold Investors or Owner-Occupants seeking a flexible, move-in ready compound with significant income-generating potential.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 233 El Plano Drive Subject | $1,149,000* List Price | 4 | 4 | 2,315 | $536 | - |
A 401 S Carillo Road Sold | $1,200,000 | 4 | 3 | 1,951 | $615 | 0.9 mi |
B 2225 Maricopa Highway Sold | $975,000 | 3 | 2 | 1,586 | $615 | 0.7 mi |
C 206 S Carrillo Road Sold | $993,685 | 3 | 2 | 1,794 | $554 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 2009, this property falls within the 10-20 year age bracket. The interior features fresh paint, vaulted ceilings, and functional, well-maintained kitchens and bathrooms that appear original to the build. The home is move-in ready with modern systems and no immediate signs of deferred maintenance.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 10000, living area = 2315.
The property features three distinct living spaces—a main home, a detached ADU, and a studio apartment—providing exceptional flexibility for rental income, guest housing, or multi-generational living.
Built in 2009 and recently updated with fresh interior paint, this residence is move-in ready, offering a contemporary build quality that is rare for the area compared to older Ojai stock.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =10000, other record lot size in square feet = 9583.
The property is noted as having no specific views, which may be a disadvantage in a market like Ojai where mountain and valley vistas are highly coveted by buyers.
With three separate dwellings situated on a 10,000-square-foot lot, individual privacy and dedicated outdoor yard space for each unit may be constrained.
An investor's dream--or multigenerational living perfected!Move in ready and offered for the first time in decades, 233 El Plano (and 402 Padre Juan--two addresses on 1 lot) presents a rare opportunity in the heart of the Ojai Valley. This versatile property features three distinct living spaces with endless possibilities for extended living, guests, home offices, or potential rental income.The main home at 233 El Plano offers approximately 1215 square feet, two bedrooms, two bathrooms, vaulted ceilings, a bright open floor plan, fresh interior paint, a dedicated laundry room, and inviting outdoor living spaces.At 402 Padre Juan, the detached ADU, you'll find a generously sized one-bedroom residence with a galley kitchen, inviting living room with beautiful bay windows, laminate flooring, abundant storage, and flexible space. Additionally, there is a charming studio apartment complete with a kitchen, gas stove, storage, and beautiful natural lighting throughout. This 3 unit property perfectly situated in beloved Meiners Oaks, is ideal to enjoy a relaxed, close-knit community near local cafes, markets, hiking and biking trails, the Ventura River Preserve, and downtown Ojai. Three living spaces, one special property, and countless ways to make your Ojai real estate dreams a reality, whether as rental units or a ideal as wonderful multi-generation situation.Leased Solar was added to the home in March 2022. Move in ready, and located in Meiners Oaks in the heart of the Ojai Valley and just minutes from downtown Ojai. This is a trust sale.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 4.0 | 2.0 |
| Square foot | 2,315 | 1,691.422 |
| Lot Size | 10,000 | 10,676.711 |
| Price | $1.15M | $1.38M |
| Price per sq ft | $496 | $840 |
| Built year | 2009 | 1968 |
| HOA | $0 | $81 |
| Days on market | 13 | 55 |
Aug 27, 2026
$1,149,000
Initial Listing