301 Riverside Road, Oak View, California 93022, Oak View, 93022 - 3 bed, 2 bath
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301 Riverside Road
Oak View, California 93022
ACTIVE
CONDITION: FAIR
3Beds
2Baths
1,596Sq Ft
15,800Lot Size
Property Price
LIST PRICE$950,000
EST. MARKET VALUE
$932,489
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $950,000—positioned slightly above the $932,489 Fair Market Value. While the property requires modernization, its Fair Condition Rating (4/10) is offset by a massive 15,800 sq ft lot, offering significant upside for an ADU addition. The versatile floor plan and Ojai Valley location provide strong rental or resale potential. This asset is ideal for Buy-and-Hold Investors or Contractors seeking a value-add project in a high-demand region.
Estimated Market Value
$932,489
Based on Realkey algorithm analyzing recent comparable sales in Oak View.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 301 Riverside Road Subject 3 bd · 2 ba · 1,596 sqft · $584 | $950,000* List Price | 3 | 2 | 1,596 | $584 | - |
A 25 Hill Street Sold 3 bd · 2 ba · 1,448 sqft · $515 · 0.5 mi | $745,000 | 3 | 2 | 1,448 | $515 | 0.5 mi |
B 245 E Oak View Avenue Sold 3 bd · 3 ba · 1,820 sqft · $591 · 0.9 mi | $1,075,000 | 3 | 3 | 1,820 | $591 | 0.9 mi |
C 242 Prospect Street Active 3 bd · 2 ba · 1,551 sqft · $642 · 0.5 mi | $995,000 List Price | 3 | 2 | 1,551 | $642 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1950, the property is dated with interior finishes like wood paneling and ceiling tiles that appear over 20 years old. While the kitchen features newer stainless steel appliances and recessed lighting, the cabinetry and laminate counters are aged, and the overall structure requires cosmetic updates and likely system inspections due to its 70+ year age.
PROSSTRENGTHS & OPPORTUNITIES
- Expansive Lot Size
The massive nearly 16,000 sq ft lot offers exceptional potential for outdoor development, landscaping, or the addition of an Accessory Dwelling Unit (ADU).
- Versatile Floor Plan
The inclusion of a dedicated bonus space suitable for an office or lobby provides modern flexibility for remote work or home-based professional needs.
- Desirable Ojai Valley Location
Located in the VC11 - Ojai area, the property benefits from the high demand and lifestyle appeal associated with this scenic and sought-after region.
CONSRISKS & DEFICIENCIES
- Aging Infrastructure
Built in 1950, the property may require significant capital investment to modernize systems and finishes to meet current market expectations.
- Lack of Scenic Views
The property is noted as having no views, which may be a competitive disadvantage in a geographic area where mountain or valley vistas are highly prized.
About 301 Riverside Road
Welcome to this fantastic opportunity featuring 3 bedrooms 2 bathrooms and a versatile bonus space ideal for an office space or lobby room. Step outside to a massive nearly 16,000 sq ft lot with so much possibility! Build an ADU, create your dream backyard, and make this property your own!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1950
- Lot Size
- 15,800 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.3 |
| Baths | 2.0 | 2.3 |
| Square foot | 1,596 | 1,697.55 |
| Lot Size | 15,800 | 19,525.4 |
| Price | $950.0K | $1.02M |
| Price per sq ft | $595 | $680 |
| Built year | 1950 | 1960 |
| HOA | $0 | $700 |
| Days on market | 12 | 50 |
Pricing History
Listed for Sale
Oct 12, 2026
$950,000
Initial Listing