386 Larmier Avenue, Oak View, California 93022, Oak View, 93022 - 4 bed, 2 bath
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Oak View, California 93022
This Dual-Unit Residential Property represents a Strong Value Opportunity, listed at $997,000—positioned well above the $971,080 Fair Market Value. While priced slightly above market, the property offers a Mint Condition Rating with a 2023 detached ADU and a fully renovated main home featuring Quartz Countertops and Lennox HVAC. This versatile asset provides significant rental income potential or multi-generational living space. Its prime location near Ojai and Ventura makes it an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a turnkey, income-generating lifestyle.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 386 Larmier Avenue Subject | $997,000* List Price | 4 | 2 | 1,650 | $589 | - |
A 134 Bundren Street Active | $799,000 List Price | 3 | 2 | 1,339 | $597 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property features a brand-new 2023 ADU and a main home that has undergone significant recent renovations including an expanded modern kitchen with quartz countertops, stainless appliances, and major system upgrades (Lennox HVAC, 220-amp electrical, and newer gas lines), placing it in mint, move-in ready condition.
The property features a 1948 main home and a brand-new 2023 detached ADU, providing excellent potential for rental income, a home office, or multi-generational living.
Both units boast significant system improvements, including a 220-amp electrical panel, Lennox HVAC, newer windows, and energy-efficient spray-foam insulation in the ADU.
Situated on a corner lot within walking distance to local markets and cafes, the home offers easy access to Ojai, Ventura, and the scenic Ojai Valley bike trail.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =4979, other record lot size in square feet = 4791. Living area discrepancy between mls listing and other public or private record. mls listing living area = 1650, other record living area = 1604.
The main three-bedroom residence is served by only one bathroom, which may be a significant drawback for families or those who frequently host guests.
With a lot size under 5,000 square feet, the outdoor space is divided between two dwellings, resulting in relatively small private yards for each unit.
Two homes on one corner lot -- a 1948 main home (3BD/1BA) and a 2023 detached ADU (1BD/1BA). Each has its own entrance and yard. This corner-lot property's main home showcases wood flooring, dual-pane windows, and a wood-burning fireplace, along with a spacious dining room and an expanded kitchen appointed with quartz countertops, modern cabinetry, stainless steel appliances, and generous storage. Additional highlights include mirrored closet doors, an interior laundry area, and major system upgrades such as a 220-amp electrical panel, Lennox HVAC, newer paint, windows and a newer main gas line.The newly built ADU offers a private street-facing entry and its own small yard with luxury plank flooring, recessed lighting, and dual-pane windows throughout. Its kitchen features a floating bamboo floor, quartz counters, a farmhouse sink, and a charming garden window. The large bedroom includes an oversized closet, skylight and it's equipped with a Mitsubishi dual-zone climate system, updated wiring and plumbing, and energy-efficient spray-foam insulation.A two-car covered carport adds convenience, and the location places you within walking distance of a local market, coffee and donut shops, and a popular breakfast spot. With easy access to Ojai, Ventura, the Ojai Valley bike trail, and the coast, this property blends versatility, comfort, and an ideal lifestyle setting.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 76% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,650 | 1,386 | 62% |
| Lot Size | 4,979 | 8,742 | 14% |
| Price | $997.0K | $960.0K | 62% |
| Price per sq ft | $604 | $722 | 29% |
| Built year | 1948 | 1958 | 14% |
| HOA | $0 | $0 | 50% |
| Days on market | 15 | 128 | 5% |
May 22, 2026
$997,000
Initial Listing
Oct 24, 1995
$135,000
Public Record