
Oak Park, California 91377
This property presents a High-Potential Investment Opportunity with a List Price of $1,192,800—positioned above the $1,083,446 Fair Market Value by 10%. While the pricing reflects a premium, the Condition Rating of 4 highlights a significant value-add opportunity for those capable of modernizing the original 1991 interiors. Located in the acclaimed Ventura Unified School District, this 5-bedroom residence offers a versatile floor plan and a private patio. This is an ideal acquisition for Value-Add Investors or Owner-Occupants seeking to build equity through strategic renovation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 256 Ocho Rios Subject 5 bd · 3 ba · 2,247 sqft · $476 | $1,068,800* List Price | 5 | 3 | 2,247 | $476 | - |
A 549 Myrtle Court Sold 4 bd · 3 ba · 2,071 sqft · $601 · 0.6 mi | $1,245,000 | 4 | 3 | 2,071 | $601 | 0.6 mi |
B 445 Cremona Way Sold 4 bd · 3 ba · 2,088 sqft · $599 · 0.4 mi | $1,250,000 | 4 | 3 | 2,088 | $599 | 0.4 mi |
C 323 Ocho Rios Way Active 4 bd · 3 ba · 2,247 sqft · $556 · 0.1 mi | $1,249,000 List Price | 4 | 3 | 2,247 | $556 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1991, this 35-year-old property is marketed as a value-add opportunity. While the kitchen has received some cosmetic updates (painted cabinets and stainless appliances), the bathrooms remain in original condition with dated oak cabinetry, gold-trimmed showers, and 90s-era tile. The listing explicitly encourages 'creating the look' to build equity, indicating that while functional, the home requires significant modernization to meet current market standards.
Situated in the highly sought-after Oak Park community, the property offers access to top-tier schools, scenic hiking trails, and premium community amenities like a pool and parks.
The 2,247 sqft floor plan is exceptionally functional, featuring five bedrooms upstairs and an open-concept main level that provides ample space for large families or home office needs.
Priced with a strategic gap to allow for modernization, this property presents a prime opportunity for investors or end-users to build immediate equity through creative renovations.
The home is being marketed as a 'blank canvas,' meaning buyers will need to budget for significant cosmetic updates and renovations to bring the interior up to contemporary standards.
At 3,746 square feet, the lot is relatively small for a five-bedroom residence, which may limit outdoor privacy and space for extensive backyard activities.
******THE VALUE JUST BECAME UNAVOIDABLE****** BUY THE SPACE. CREATE THE LOOK. BUILD THE VALUE. WHY NOT S-P-R-E-A-D OUT? Space gives you options. And options create opportunity. With vision, creativity, and smart spending, this wide-open floor plan can be modernized to your taste while giving you the potential to create equity. DIGITALLY enhanced ideas shared for future options if exercised. Concepts are for visualization purposes only. Peaceful Oak Park Living (+) Acclaimed Schools (+) Convenient Community Amenities = Exceptional Lifestyle! Discover the lifestyle that makes Oak Park so highly sought after: strong sense of community, beautiful parks, a community pool, scenic walking trails, and miles of nearby hiking & golf. Peaceful and serene from the moment you enter, the community offers a welcome retreat while remaining conveniently close to the 101 Freeway, Westlake Village, Calabasas, & scenic drive to the coast. The Four Seasons Hotel, local shopping, dining, and everyday conveniences are all just a short drive away. An exceptional opportunity to enjoy nature, connection, and convenience in one of the area’s most desirable communities. A refreshing, wide open floor plan welcomes you from the moment you enter. The open concept kitchen flows seamlessly into the living space with a cozy fireplace, creating an inviting setting for everyday living and entertaining. The private backyard offers a comfortable place to relax and gather with family and friends. Upstairs are five (5) bedrooms and two baths, with the fourth bedroom offering flexibility as a den or home office, plus a convenient half bath downstairs. Located within walking distance of the school and near a convenient student pickup location. (5+2 UP / 5th: maintain as a bedroom / home office / Den / 1/2 guest bath down stairs).
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 4.2 |
| Baths | 3.0 | 3.0 |
| Square foot | 2,247 | 2,242.813 |
| Lot Size | 3,746 | 7,332.406 |
| Price | $1.07M | $1.32M |
| Price per sq ft | $476 | $612 |
| Built year | 1991 | 1987 |
| HOA | $123.0 | $247 |
| Days on market | 76 | 50 |
Sep 15, 2026
$1,068,800
$1,192,800
-10% Price Drop
Initial Listing
Sep 3, 2026
$1,192,800
$1,228,800
-3% Price Drop
Initial Listing
Aug 27, 2026
$1,228,800
$1,268,800
-3% Price Drop
Initial Listing
Aug 10, 2026
$1,268,800
Initial Listing
Mar 18, 2020
$900,000
Public Record