386 Larmier Avenue, Oak View, California 93022, Oak View, 93022 - 2 bed, 1 bath

386 Larmier Avenue, Oak View, California 93022 home-pic-0
ACTIVE$1,199,000
386 Larmier Avenue, Oak View, California 93022
2Beds
1Bath
1,604Sqft
4,979Lot

Price Vs. Estimate

The estimated value ($1,080,511.96) is $118,488.04 (9%) lower than the list price ($1,199,000). This property may be overpriced.

Key pros and cons

Top Pros:
Income Potential & Versatility: The property features two homes on one lot, including a brand new 2023 ADU, offering significant income potential, multi-generational living, or dedicated workspace options.
Top Cons:
Age of Original Structure: Despite significant updates, the original home dates back to 1948, which may present potential for unforeseen maintenance or structural issues inherent to older constructions over time.

Compared to the nearby listings

Price:$1.20M vs avg $1.05M (+$149,000)69%
Size:1,604 sqft vs avg 1,584 sqft52%
Price/sqft:$748 vs avg $68255%

More Insights

Built in 1948 (77 years old).
Condition: This property features two distinct dwellings. The Accessory Dwelling Unit (ADU), completed in 2023, is brand new and boasts modern finishes, including luxury plank flooring, quartz countertops, a farmhouse sink, stainless steel appliances, and a contemporary bathroom with a tiled shower. The original 1948 home has also undergone extensive recent renovations, including a redesigned kitchen with modern white cabinetry, quartz countertops, stainless steel range, and recessed lighting. The bathroom in the main home has been thoughtfully updated and is clean and functional. Crucially, the main home has also received significant system upgrades such as a new Lennox HVAC system, upgraded 220-amp electrical service, dual-pane windows, and a newer main gas line. The combination of a newly built ADU and a comprehensively updated main residence, with all major systems and key areas meeting current quality standards, justifies an 'Excellent' condition rating.
Year Built
1948
Close
-
List price
$1.2M
Original List price
$1.3M
Price/Sqft
$748
HOA
-
Days on market
-
Sold On
-
MLS number
V1-32966
Home ConditionExcellent
Features
Patio
View-

About this home

Two homes on one lot. The original and charming 1948 home and a 2023 ADU. Original home greets you with a secluded garden and welcoming front porch. Featuring two bedrooms, one bath, and a flexible bonus room ideal for work, fitness, or hobbies. The living area showcases rich wood flooring, updated dual-pane windows, and wood burning fireplace. The large dining room flows into a redesigned and enlarged kitchen featuring quartz countertops, modern cabinetry, stainless steel appliances and generous storage. The two bedrooms each have mirrored closed doors. The bathroom has been thoughtfully updated. Recent enhancements include upgraded 220-amp electrical service, a Lennox HVAC system, dual pane windows throughout newer interior and exterior paint and newer main gas line. The huge bonus room also includes a laundry closet and additional space for so many creative uses.The separate accessory dwelling unit (ADU), completed in 2023, offers its own entrance, private yard, and stylish interior. The living room features Wailua Luxury plank flooring, contemporary dual paned windows, ceiling fan and recessed lighting. The kitchen is outfitted with a floating bamboo floor, quartz countertops, a deep farmhouse sink, and an inviting garden window. The big bedroom features a huge closet, two windows and skylight adding lots of natural light. The ADU is equipped with a Mitsubishi dual-zone climate system, newer wiring and plumbing, and energy-efficient spray foam insulation. It enjoys its own private street-facing entry and separate private backyard access. Situated on a corner lot, the property includes a two-car covered carport. Nestled near the scenic Ojai Valley and its popular bike trail, the location is within walking distance to a local market, coffee and donut shops and popular breakfast spot. Oak View offers easy access to both downtown Ojai and Ventura, with the ocean just a good bike ride away. Whether you're heading to the beach or exploring nearby vineyards, this setting offers convenience and charm.

Condition Rating
Excellent

This property features two distinct dwellings. The Accessory Dwelling Unit (ADU), completed in 2023, is brand new and boasts modern finishes, including luxury plank flooring, quartz countertops, a farmhouse sink, stainless steel appliances, and a contemporary bathroom with a tiled shower. The original 1948 home has also undergone extensive recent renovations, including a redesigned kitchen with modern white cabinetry, quartz countertops, stainless steel range, and recessed lighting. The bathroom in the main home has been thoughtfully updated and is clean and functional. Crucially, the main home has also received significant system upgrades such as a new Lennox HVAC system, upgraded 220-amp electrical service, dual-pane windows, and a newer main gas line. The combination of a newly built ADU and a comprehensively updated main residence, with all major systems and key areas meeting current quality standards, justifies an 'Excellent' condition rating.
Pros & Cons

Pros

Income Potential & Versatility: The property features two homes on one lot, including a brand new 2023 ADU, offering significant income potential, multi-generational living, or dedicated workspace options.
Extensive Main Home Upgrades: The original 1948 home has undergone substantial recent enhancements, including a Lennox HVAC system, upgraded 220-amp electrical service, dual-pane windows, newer interior/exterior paint, and a new main gas line, reducing immediate maintenance concerns.
Modernized Kitchen (Main Home): The main home features a redesigned and enlarged kitchen outfitted with quartz countertops, modern cabinetry, and stainless steel appliances, providing a contemporary and functional cooking space.
Prime Location & Accessibility: Situated on a corner lot near the scenic Ojai Valley bike trail, with walking distance to local amenities (market, coffee, breakfast) and easy access to downtown Ojai, Ventura, and the ocean, offering a desirable lifestyle.
Energy-Efficient ADU: The 2023 ADU boasts modern amenities, including a Mitsubishi dual-zone climate system, newer wiring/plumbing, and energy-efficient spray foam insulation, ensuring comfort and potentially lower utility costs.

Cons

Age of Original Structure: Despite significant updates, the original home dates back to 1948, which may present potential for unforeseen maintenance or structural issues inherent to older constructions over time.
Limited Lot Size for Two Dwellings: The 4979 sqft lot, accommodating two separate dwellings, may offer limited private outdoor space for each unit, potentially impacting privacy or recreational use for occupants.
Carport vs. Enclosed Garage: The property includes a two-car covered carport instead of an enclosed garage, which may be a drawback for buyers seeking secure, enclosed parking, additional storage, or workshop space.

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