
Ojai, California 93023
This versatile compound represents a Strong Value Opportunity, listed at $1,795,000—positioned well below the $1,928,263 Fair Market Value by 6%. This valuation gap offers $133,263 in Instant Equity for the buyer. Featuring a Condition Rating of 2, the estate includes a newly remodeled ADU, $100K owned solar system, and 40KW battery backup. With its prime downtown location and flexible multi-generational layout, this property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a high-utility, energy-independent residence.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 511 E Aliso Street Subject | $1,795,000* List Price | 6 | 5 | 3,240 | $595 | - |
A 1213 San Ramon Way Sold | $2,000,000 | 4 | 4 | 2,969 | $674 | 0.6 mi |
B 420 Andrew Drive Sold | $1,860,000 | 4 | 3 | 2,667 | $697 | 0.6 mi |
C 1116 Del Nido Court Active | $1,695,000 List Price | 3 | 3 | 2,383 | $711 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While originally built in 1954, the property has undergone significant recent renovations, including a newly remodeled ADU with high-end finishes and a modern main residence. The systems are superior, featuring a $100K owned solar and 40KW battery backup system, tankless water heater, and updated interiors with vaulted ceilings and contemporary bathrooms, meeting the criteria for a high-quality renovation within the last 5 years.
The property features a fully independent, newly remodeled 2-bedroom ADU with its own entrance, yard, and separate utility meters, providing immediate rental income or a high-end space for extended family.
Equipped with a $100,000 owned Enphase solar system and 40KW backup batteries, the estate offers exceptional energy independence and significant long-term utility savings.
Situated just steps from Ojai’s local shops and restaurants, this gated compound offers a rare combination of walkability and secluded privacy in a highly desirable neighborhood.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 3240, other record living area = 2540.
While the ADU is newly remodeled, the main residence dates back to 1954 and may require additional updates to match the modern, high-end finishes of the secondary unit.
With a main house, ADU, artist studio, and RV parking all situated on a 0.25-acre lot, the outdoor space may feel somewhat crowded for buyers prioritizing a large, open backyard.
This versatile compound, tucked behind a private gate, offers a thoughtful layout designed for effortless multi-generational living or immediate rental income, with the added beauty of being just steps away from local shops and restaurants. The main residence is a 2,540 sq. ft. 4-bedroom, 3.25-bathroom home that feels light and expansive, anchoring its open-concept flow with high vaulted ceilings, a fireplace, and a large kitchen and dining area built for gathering. Completely independent, the newly remodeled 2-bedroom, 1-bathroom accessory dwelling unit (ADU) offers roughly 700 square feet of premium living space and serves as a high-end retreat, featuring top-of-the-line appliances, its own private entrance, a dedicated backyard, an indoor laundry room, and elevated windows that frame beautiful valley views. The property functions as a highly flexible footprint, featuring an integrated artist's studio, ideal for a creative workspace, home gym, or office and a brand-new deck complete with an outdoor restroom, making it the ultimate setup for outdoor gatherings and entertaining. Built with modern independence in mind, the estate is equipped with approx. $100K owned Enphase Solar with 18 panels, and 40KW back-up batteries. Main house and ADU have separate utility meters. Tankless water heater, water softener, a two-car garage, and ample parking with full RV hookups. Whether you choose to house extended family or rent one home while living in the other, this downtown estate offers a rare combination of location and utility.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 6.0 | 3.0 |
| Baths | 5.0 | 2.0 |
| Square foot | 3,240 | 1,691.422 |
| Lot Size | 10,890 | 10,676.711 |
| Price | $1.79M | $1.38M |
| Price per sq ft | $554 | $840 |
| Built year | 1954 | 1968 |
| HOA | $0 | $81 |
| Days on market | 14 | 55 |
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