509 N Blanche Street, Ojai, California 93023, Ojai, 93023 - 0 bed, 0 bath
Loading property details...
Ojai, California 93023
This Triplex Residential Income Asset is a High-Potential Investment Opportunity, listed at $1,695,000—positioned above the $1,580,613 Fair Market Value. Despite the premium, the property offers a Turnkey Condition Rating following a comprehensive 2024/2026 remodel. Featuring three distinct cottages with Mountain Views and private patios, this property provides exceptional flexibility for multi-generational living or rental income. Located just four blocks from downtown Ojai, it offers high walkability and long-term stability. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a versatile, high-end property.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 509 N Blanche Street Subject | $1,695,000* List Price | 0 | 0 | 1,137 | $1,390 | - |
A 509 N Blanche Street Active | $1,695,000 List Price | 2 | 3 | 1,467 | $1,155 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although originally built in 1947, the property underwent a comprehensive remodel in 2024/2026. Images show mint condition finishes including modern shaker cabinetry, stone countertops, updated flooring, recessed lighting, and new fixtures. The systems and exterior appear well-maintained with no visible deferred maintenance, qualifying it as a high-end, recent renovation.
Situated just four blocks from downtown Ojai, the property offers exceptional walkability to shops, cafes, and parks, significantly enhancing its desirability for both owners and tenants.
The triplex configuration with three separate cottages provides rare flexibility for multi-generational living, owner-occupancy with rental income, or a pure investment play.
Extensively remodeled in 2024/2026, these cottages offer modern charm and updated interiors, minimizing the need for immediate capital improvements or maintenance.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =5110, other record lot size in square feet = 4791.
With 139 days on the market and a recent price increase, the property may face challenges regarding perceived market value and buyer momentum.
The individual units are relatively small, particularly the 326-square-foot studio, which may limit the pool of long-term tenants seeking more spacious living accommodations.
Located just four blocks from downtown Ojai's shops and cafs, Three Oaks Cottages offers easy access to parks, hiking trails, the Ojai Valley Trail, and all that Ojai has to offer. Three separate cottages create a rare opportunity to live in one and rent the others, lease all three as an investment property, or share the property with extended family or friends.The approx. 1,137-square-foot main house features one bedroom, one bath, an open floor plan, and a private backyard with a patio and laundry hookups. The second unit is approx. 456 square feet with one bedroom, one bath, a kitchenette, and a sliding door to a private fenced backyard shaded by one of the property's three heritage oak trees. The third cottage is an approx. 326-square-foot studio with kitchen cabinetry, a spacious bathroom with storage, and a private backyard patio shaded by two oak trees.Remodeled in 2024/2026, the three cottages offer charm, flexibility, and income potential in a prime Ojai location.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.0 |
| Baths | 0.0 | 2.0 |
| Square foot | 1,137 | 2,761 |
| Lot Size | 5,110 | 23,086.5 |
| Price | $1.70M | $1.60M |
| Price per sq ft | $1.5K | $602 |
| Built year | 1947 | 1954 |
| HOA | $0 | $0 |
| Days on market | 177 | 51 |
Jun 14, 2026
$1,695,000
$1,595,000
+6% Price Increase
Initial Listing
Jan 26, 2026
$1,595,000
Initial Listing