2551 Bonmark Drive, Ojai, California 93023, Ojai, 93023 - 3 bed, 2 bath
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Ojai, California 93023
This property presents a High-Potential Investment Opportunity with a List Price of $1,350,000—positioned well below the $1,385,876 Fair Market Value by 2%. This valuation gap offers $35,876 in Instant Equity. Featuring a Fair Condition Rating (4), the home requires a garage reversion from its current ADU configuration. With a spectacular river view, pool, and large lot, this asset offers significant upside for Value-Add Investors or Owner-Occupants capable of managing the necessary functional repairs.
Property is moderate renovation needed.
Built in 1961 and described as only 'partially remodeled,' the home likely contains dated systems and finishes older than 20 years in non-renovated areas. The mention of needing to revert the garage from an ADU indicates pending functional repairs.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7840, living area = 1473.
The property is situated in a prime Ojai location offering stunning, unobstructed views of the river, providing a serene and high-value natural backdrop.
The backyard is a private oasis featuring a pool, a lanai with a large outdoor TV, and a productive grove of avocado and fruit trees, perfect for the California lifestyle.
The garage was converted into an ADU and requires work to be reverted back to a functional work area or parking space, representing an immediate project for the buyer.
Described as only partially remodeled, the home will likely require further capital investment and construction to achieve a fully modernized and cohesive aesthetic.
Beautiful location for this partially remodeled single story home with spectacular view of the river . This 3 +2 home also features a pool, lanai with Large outdoor TV, Numerous avocado and fruit trees. The garage needs to be reverted back from being and ADU to a work area
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,473 | 1,768.5 |
| Lot Size | 7,840 | 11,886 |
| Price | $1.35M | $1.33M |
| Price per sq ft | $916 | $778 |
| Built year | 1961 | 1972 |
| HOA | $0 | $50 |
| Days on market | 2 | 61 |
Jul 20, 2026
$1,350,000
Initial Listing
Jul 19, 2006
$710,000
Public Record
Apr 18, 1997
$217,000
Public Record
May 31, 1995
$205,000
Public Record