314 Vallerio Avenue, Ojai, California 93023, Ojai, 93023 - 3 bed, 2 bath
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Ojai, California 93023
This Value-Add Residential Asset is listed at $870,000, positioned above its $773,446 Fair Market Value to account for the area's high demand and limited inventory. The property currently holds a Poor Condition Rating, featuring a 1959-original kitchen and bathrooms that require a comprehensive rehabilitation. However, the 7,700 sqft lot and exceptional Mountain Views in the desirable Garden Terrace neighborhood provide a rare canvas for significant forced appreciation. Located near Downtown Ojai and Matilija Junior High, this property represents a strategic project for Fix-and-Flip Investors or Contractors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 314 Vallerio Avenue Subject | $870,000* List Price | 3 | 2 | 1,353 | $572 | - |
A 329 S Carrillo Road Sold | $825,000 | 3 | 2 | 1,792 | $460 | 0.1 mi |
B 402 Descanso Avenue Active Under Contract | $625,000 List Price | 3 | 2 | 1,193 | $524 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1959, the home features a severely outdated kitchen and bathrooms that appear to be over 30 years old and require a full rehab. The property lacks central HVAC, utilizing dated wall units, and while the interior is freshly painted, the overall systems and finishes are well beyond their expected lifespan.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7700, living area = 1353.
Situated in the desirable Garden Terrace neighborhood, the property offers exceptional proximity to Downtown Ojai, Libbey Park, local boutiques, and the scenic bike path.
The home features beautiful views of the Ojai mountains, providing a serene and picturesque backdrop that significantly enhances the property's overall appeal.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =7700, other record lot size in square feet = 7405.
The local public schools assigned to this address currently hold lower performance ratings, which may be a drawback for families prioritizing high-ranking educational facilities.
Originally built in 1959, the property may require future investments or upgrades to aging structural systems and insulation to meet modern energy efficiency standards.
This property is located in the desirable Garden Terrace Ojai neighborhood.The freshly painted, 3-bedroom/2-bathroom home offers 1,353 sq. ft. of living space and features beautiful mountain views, making it a perfect fit for a family. The location is cozy and conveniently situated close to local shops, restaurants, the bike path, Libbey Park, Downtown Ojai, schools, and nearby Lake Casitas.
No exterior & parking available.
Grades K-6 • 0.8 mi
Grades K-6 • 1.0 mi
Grades 7-8 • 0.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,353 | 1,751.5 | 28% |
| Lot Size | 7,700 | 10,236.4 | 21% |
| Price | $870.0K | $1.25M | 15% |
| Price per sq ft | $643 | $716 | 32% |
| Built year | 1959 | 1960 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 0 | 166 | 3% |
Apr 17, 2026
$870,000
Initial Listing