505 S Ventura Street, Ojai, California 93023, Ojai, 93023 - 3 bed, 2 bath
Loading property details...
505 S Ventura Street
Ojai, California 93023
ACTIVE
CONDITION: FAIR
3Beds
2Baths
2,163Sq Ft
11,128Lot Size
Property Price
LIST PRICE$1,450,000
EST. MARKET VALUE
$1,552,979
6% BelowMARKET VALUE
SUMMARY
This Spacious Single-Family Residence represents a Strong Value Opportunity, listed at $1,450,000—positioned well below the $1,552,980 Fair Market Value by 6%. This valuation gap offers $102,980 in Instant Equity for the buyer. Featuring a Fair Condition Rating, the home offers significant upside through cosmetic updates to its 1980s interiors. With a large 11,128-square-foot lot, private pool and spa, and prime downtown Ojai location, this property is ideal for Buy-and-Hold Investors or Owner-Occupants seeking a value-add lifestyle property.
Estimated Market Value
$1,552,979+$102,979 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Ojai.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 505 S Ventura Street Subject 3 bd · 2 ba · 2,163 sqft · $718 | $1,450,000* List Price | 3 | 2 | 2,163 | $718 | - |
A 406 E Aliso Street Pending 3 bd · 2 ba · 1,830 sqft · $601 · 0.6 mi | $1,100,000 List Price | 3 | 2 | 1,830 | $601 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1980, the home is over 40 years old and features a highly dated kitchen with older oak cabinetry and tile countertops. While the property appears clean, functional, and well-maintained with a nice outdoor pool area, the interior systems and finishes are dated and require cosmetic updates.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 11128, living area = 2163.
- Prime Downtown Location
Situated just steps from Ojai’s vibrant downtown, this property offers unparalleled access to boutique shops, fine dining, and the iconic Libbey Bowl.
- Exceptional Outdoor Living
The expansive 11,128-square-foot lot features a private pool, spa, built-in barbecue, and mature landscaping, creating a perfect oasis for entertaining.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =11128, other record lot size in square feet = 10890. Living area discrepancy between mls listing and other public or private record. mls listing living area = 2163, other record living area = 2070.
- Split-Level Bedroom Layout
With the primary suite located upstairs and secondary bedrooms on the main floor, the layout may not appeal to buyers seeking a unified bedroom wing.
- 1980s Construction
Built in 1980, the home may require updates to its original systems or interior finishes to meet the expectations of modern luxury buyers.
About 505 S Ventura Street
Set beneath a magnificent mature oak near downtown Ojai's shops, restaurants, and Libbey Bowl, 505 South Ventura Street combines architectural character with inviting outdoor living.This three-bedroom, two-bath home offers approximately 2,070 square feet on an approximately 11,128-square-foot lot surrounded by lush, established landscaping.Soaring wood ceilings, exposed beams, and skylights create an airy, welcoming atmosphere, while two distinctive fireplaces anchor the living and family rooms.Large windows frame garden views, while multiple patio doors connect the interior to the backyard.The spacious upstairs primary suite features its own bathroom and two walk-in closets, with two additional bedrooms on the main level.Enjoy the pool and spa, host dinner beneath the expansive covered patio, or gather around the built-in barbecue.Mature landscaping, garden paths, and quiet seating areas complete the settingall close to the shopping, dining, and live music that make downtown Ojai special.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1980
- Lot Size
- 11,128 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 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 |
|---|---|---|
| Beds | 3.0 | 3.2 |
| Baths | 2.0 | 2.2 |
| Square foot | 2,163 | 1,795.352 |
| Lot Size | 11,128 | 11,438.426 |
| Price | $1.45M | $1.44M |
| Price per sq ft | $670 | $823 |
| Built year | 1980 | 1970 |
| HOA | $0 | $134 |
| Days on market | 30 | 64 |
Pricing History
Listed for Sale
Sep 24, 2026
$1,450,000
Initial Listing
Sold
Jan 19, 2012
$565,000
Public Record
Sold
Jun 13, 2006
$925,000
Public Record