
Ojai, California 93023
This High-Potential Investment Opportunity is listed at $1,699,000, positioned well below the $1,756,508 Fair Market Value by 3%. This valuation gap offers $57,508 in Instant Equity. Featuring a Condition Rating of 3, the property includes a remodeled guest house and $100,000 in solar infrastructure. With dual-residence utility meters and versatile studio space, this asset provides significant income-generating flexibility. It is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a multi-generational compound in Ojai.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 511 E Aliso Street Subject 6 bd · 5 ba · 3,240 sqft · $542 | $1,599,000* List Price | 6 | 5 | 3,240 | $542 | - |
A 1213 San Ramon Way Sold 4 bd · 4 ba · 2,969 sqft · $674 · 0.6 mi | $2,000,000 | 4 | 4 | 2,969 | $674 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Originally built in 1954, the property has undergone significant high-end renovations and is in move-in ready condition. It features a beautifully remodeled guest house, modern updated bathrooms, and premium upgraded systems including a $100,000 solar panel and battery backup system, tankless water heaters, and a water softener. The main kitchen is well-maintained and fully functional, though its styling reflects an older renovation period (approx. 5-15 years old).
The property features two separate residences with independent utility meters, making it an ideal setup for rental income, a multi-generational compound, or a live-work investment.
Equipped with $100,000 in owned Enphase solar panels and a 40kW battery backup system, the home offers significant long-term utility savings and exceptional energy independence.
Beyond the two homes, the inclusion of a separate art studio, utility room, and full RV hookups provides rare flexibility for creative work, home offices, or hobbyists.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 3240, other record living area = 2540. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 6, other record bedroom count = 4.
A price reduction of nearly $100,000 within the first three weeks of listing suggests the initial pricing may have been aggressive for the current market conditions.
With two full residences plus multiple outbuildings situated on a quarter-acre lot, the outdoor space may feel somewhat constrained for buyers seeking expansive private yard areas.
Two Homes. Separate Meters. Multiple Usable Spaces. Owned Solar and Battery Backup ~ All in one of Ojai's most convenient locations. Whether held as an income-producing property, multi-generational compound, or private Ojai retreat, this is the kind of flexible real estate that is increasingly hard to find.A rare Ojai opportunity offering two separate residences, multiple creative spaces, and exceptional income potential--all tucked behind a private gate just moments from downtown shops, restaurants, and the Ojai lifestyle.The main residence offers approximately 2,540 sq. ft. with 4 bedrooms and 3.5 bathrooms, featuring vaulted ceilings, a fireplace, and an open kitchen and dining area designed for easy everyday living and entertaining.Completely separate, the beautifully remodeled 2-bedroom guest house offers approximately 700 sq. ft. with its own private entrance, dedicated yard, indoor laundry, high-end appliances, and elevated windows capturing Ojai Valley views. With separate utility meters for the main residence and guest house, the property is ideally configured for rental income, extended family, guests, or a true live-one/rent-one investment opportunity.Adding even more flexibility is a separate art studio and utility room, perfect for a home office, gym, creative space, or additional workspace, along with a new outdoor deck and restroom, two-car garage, generous parking, and full RV hookups.Built for modern independence, the property includes approximately $100,000 in owned Enphase solar with 18 panels and 40kW of backup battery capacity, plus tankless water heaters and water softener.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 6.0 | 3.2 |
| Baths | 5.0 | 2.2 |
| Square foot | 3,240 | 1,795.352 |
| Lot Size | 10,890 | 11,438.426 |
| Price | $1.60M | $1.44M |
| Price per sq ft | $494 | $823 |
| Built year | 1954 | 1970 |
| HOA | $0 | $134 |
| Days on market | 59 | 64 |
Oct 6, 2026
$1,599,000
$1,699,000
-6% Price Drop
Initial Listing
Sep 16, 2026
$1,699,000
$1,795,000
-5% Price Drop
Initial Listing
Aug 26, 2026
$1,795,000
Initial Listing
Jun 12, 2020
$985,000
Public Record
Apr 7, 2015
$785,500
Public Record
Jan 13, 2015
$695,000
Public Record
Sep 8, 2005
$535,000
Public Record