50 E Portal Street, Oak View, California 93022, Oak View, 93022 - 5 bed, 3 bath
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Oak View, California 93022
Analysis of 50 E Portal Street, Oak View, California 93022 is currently available with a list price of $1,099,000. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. 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.
Property is new construction or fully renovated.
The property has undergone extensive recent renovations, featuring a modern kitchen with stainless steel appliances, quartz countertops, and trendy patterned tile flooring. The bathrooms are updated with contemporary vanities and fixtures, and newer wood-look flooring is present throughout the living areas. The exterior is well-maintained with professional hardscaping and landscaping, meeting the criteria for a fully renovated, high-quality residence.
The property features two separate homes with private yards on a single lot, providing excellent flexibility for rental income, multi-generational living, or owner-occupancy with a mortgage-offsetting tenant.
The larger three-bedroom residence has been thoughtfully upgraded with newer wood and tile flooring, along with updated kitchen and bathrooms, reducing immediate capital expenditure for the buyer.
Situated in the heart of Oak View, the property offers convenient access to both the artistic community of Ojai and the coastal amenities of Ventura, making it highly attractive to a wide tenant pool.
Originally constructed in 1963, the property may require ongoing maintenance or future capital improvements to major systems like plumbing or electrical that are typical for homes of this vintage.
With a list price exceeding $1 million for under 1,900 total square feet, the high price-per-square-foot may challenge investors seeking traditional high-yield capitalization rates in the current market.
DUPLEX: Discover this unique duplex opportunity in the heart of Oak View, offering two separate homes with distinct yards on a .23-acre lot. Ideally located with easy access to both Ojai and Ventura, this property offers flexibility, convenience, and strong investment potential.The larger home (#50) features 3 bedrooms/2 bathrooms and has been thoughtfully upgraded with newer wood and tile flooring, and an updated kitchen and bathrooms. The smaller home (#52) features 2 bedrooms/1 bathroom, is in good condition, and features an additional yard space with a storage shed and a highly productive orange tree.Whether you are looking to maximize rental income by leasing both units or prefer to live in one and rent the other to help offset your mortgage, this property offers a smart and adaptable setup. This is an excellent opportunity for investors or owner-occupants alike!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 2.5 | 50% |
| Baths | 3.0 | 1.5 | 50% |
| Square foot | 1,882 | 1,557 | 50% |
| Lot Size | 10,018.8 | 9,016.4 | 50% |
| Price | $1.10M | $911.5K | 50% |
| Price per sq ft | $584 | $586 | 50% |
| Built year | 1963 | 1959 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 13 | 46 | 50% |
Apr 9, 2026
$1,099,000
Initial Listing
Aug 14, 2015
$570,000
Public Record
Mar 16, 2004
$599,000
Public Record