401 Burnham Road, Oak View, California 93022, Oak View, 93022 - 4 bed, 3 bath
401 Burnham Road
Oak View, California 93022
Property Price
SUMMARY
Analysis of 401 Burnham Road, Oak View, California 93022 reveals a Fairly Priced Property with a current list price of $1,395,000 aligned with the estimated $1,376,962 Fair Market Value. This represents a stable investment opportunity at market rate. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Oak View Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
The property was built in 1964, making it 60 years old. While the listing mentions a 'remodeled studio,' the main house's kitchen, as depicted in the images, features significantly outdated light wood cabinets, laminate countertops, small square ceramic tile flooring, and an older white refrigerator. The light fixtures are also dated. These elements suggest the main kitchen has not been extensively renovated in at least 20-30 years. The home appears maintained but requires minor updates to key areas like the kitchen to align with modern aesthetics and functionality.
PROSSTRENGTHS & OPPORTUNITIES
- Versatile Horse Property & Large Lot
The expansive 0.43-acre lot is zoned as a horse property, offering ample space for equestrian activities, RV parking, hobbies, and features a private swimming pool, catering to diverse outdoor living needs.
- Income-Generating/Flexible Studio
A separate, remodeled studio with its own entry and kitchenette provides significant flexibility for rental income, accommodating extended family, serving as a home office, or a creative space.
- Prime Lifestyle Location
Strategically located with excellent proximity to local shops, restaurants, recreation, hiking trails, Lake Casitas, and just a 10-minute drive from downtown Ojai, offering a desirable lifestyle.
CONSRISKS & DEFICIENCIES
- Age of Main Residence
Built in 1964, the main house may require updates to its systems or aesthetics to align with modern preferences, despite the remodeled studio.
- Potential Lack of Modern Cooling System
There is no explicit mention of a modern cooling system (e.g., central air conditioning), which could be a consideration for comfort during warmer California months.
- Niche Market Appeal
While a horse property is a significant asset, it caters to a more specific buyer demographic, potentially narrowing the pool of interested purchasers compared to a standard residential property.
About 401 Burnham Road
Opportunity awaits with this well-located, approximately .43-acre Oak View horse property with a 3,000+ square foot main house, separate studio, swimming pool, and extra-large yard with space for horses, RV parking, or hobbies. The main house features a spacious living area with an open kitchen, large bedrooms, and a cozy fireplace in the living room. The remodeled studio has a separate entry and kitchenette for short- or long-term guests, rental income, extra space for your extended family, a home office, or a creative space. Privacy fencing around the pool allows for a relaxing oasis, while the proximity of shops, restaurants, and recreation ensure there will always be something fun to do. After all, this house is just short drive from hiking trails, Lake Casitas for fishing or the water park, and all that Oak View has to offer. It is also just about 10 minutes from downtown Ojai, a short bike ride to the Ojai Valley Trail, and just steps from a local farmstand.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1964
- Lot Size
- 18,730.801 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 3 (3 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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 73% |
| Baths | 3.0 | 2.0 | 77% |
| Square foot | 3,024 | 1,538.5 | 88% |
| Lot Size | 18,730.801 | 11,325 | 65% |
| Price | $1.40M | $1.02M | 81% |
| Price per sq ft | $461 | $711 | 15% |
| Built year | 1964 | 1962 | 54% |
| HOA | $0 | $0 | 50% |
| Days on market | 125 | 194 | 27% |
Pricing History
Listed for Sale
Nov 2, 2025
$1,395,000
Initial Listing
Sold
May 13, 2013
$384,000
Public Record
Sold
Aug 26, 2005
$745,000
Public Record
Sold
Feb 9, 2004
$450,000
Public Record
Sold
Dec 5, 2002
$430,000
Public Record