402 Descanso Avenue, Ojai, California 93023, Ojai, 93023 - 3 bed, 2 bath
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Ojai, California 93023
This Ojai Terrace fixer-upper presents a High-Potential Investment Opportunity with a List Price of $625,000—positioned well below the $638,749 Fair Market Value by 2%. This valuation gap offers $13,749 in Instant Equity for buyers prepared for a full-scale rehabilitation. Currently in an Extremely Poor Condition Rating, the asset features a significant 7,590 square foot lot and Mountain Views, providing substantial room for footprint expansion and forced appreciation. Located near Matilija Junior High and scenic hiking trails, this value-add project is a high-reward acquisition ideal for Fix-and-Flip Investors or Contractors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 402 Descanso Avenue Subject | $625,000* List Price | 3 | 2 | 1,193 | $535 | - |
A 118 El Camino Drive Sold | $750,000 | 2 | 1 | 1,104 | $679 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
The property is explicitly described as being in 'extremely poor condition' with a requirement for visitors to wear masks, indicating severe environmental or safety hazards. Built in 1961 with no evidence of modern updates, the home requires a complete rehabilitation of the kitchen, bathrooms, and all major systems to be habitable.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7590, living area = 1193.
Situated in the desirable Ojai Terrace neighborhood, the property offers excellent proximity to hiking trails, schools, medical facilities, and the downtown trolley.
The generous 7,590 square foot lot provides ample space for expanding the existing footprint or creating a significant outdoor living area.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =7590, other record lot size in square feet = 7405.
The home is in extremely poor condition, requiring protective gear for entry, which indicates significant structural, environmental, or safety issues.
Due to the level of neglect, investors will face high renovation costs that may exceed standard cosmetic budgets, requiring a full-scale reconstruction.
Attention all DIYers and Investors! Don't miss this one! This home is in the idyllic Ojai Terrace neighborhood of Ojai. This three bedroom, two bathroom floorpan with back entrance to garage, sits on a large 7590 square foot lot that provides plenty of room and endless possibilities! The spacious backyard provide you the ability to expand the homes footprint. The home is in extremely poor condition, however and you must mask up before entering. Conveniently positioned near amazing hiking/biking trails, schools, hospital, shopping center, coffee shops and the trolly to downtown Ojai.
No exterior & parking available.
Grades K-6 • 0.9 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 | 1,193 | 1,751.5 | 19% |
| Lot Size | 7,590 | 10,236.4 | 21% |
| Price | $625.0K | $1.25M | 4% |
| Price per sq ft | $524 | $716 | 12% |
| Built year | 1961 | 1961 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 12 | 166 | 3% |
Apr 10, 2026
$625,000
Initial Listing