561 Tico Road, Ojai, California 93023, Ojai, 93023 - 5 bed, 4 bath

561 Tico Road, Ojai, California 93023 home-pic-0
ACTIVE UNDER CONTRACT$1,000,000
561 Tico Road, Ojai, California 93023
5Beds
4Baths
1,523Sqft
19,602Lot
Year Built
1938
Close
-
List price
$1M
Original List price
$1.2M
Price/Sqft
$657
HOA
-
Days on market
-
Sold On
-
MLS number
V1-30852
Home ConditionPoor
Features
Good View: Mountain(s), Trees/Woods
ViewMountain(s), Trees/Woods

About this home

Possibly Over-Priced:The estimated price is 4% below the list price. We found 3 Cons,6 Pros. Rank: price - $1.00M(39th), sqft - 1523(50th), beds - 5(95th), baths - 4(84th).

Set on an expansive 19,602 sq ft lot shaded by mature oak trees, this unique property offers a rare blend of character, space, and flexibility. The grounds include a single-story main house, a studio unit, an apartment, and a two-car garage, providing endless possibilities for multi-use living.The main house offers 1,523 sq ft of living space featuring a spacious open living room, 2 bedrooms, 2 bathrooms, 2 fireplaces, a dedicated laundry area, and a generous den--perfect for a home office, creative studio, or guest quarters.The studio unit is approximately 400 sq ft and includes a private entrance, kitchen, bathroom, and a combined living/dining/bedroom area. With two separate entrances, this space also makes an ideal master ensuite.The apartment offers approximately 700-750 sq ft with its own private entrance, beautiful mountain views, 1 bedroom, 1 bathroom, a full kitchen, and a comfortable living/dining area.*Buyer to verify the actual square footage of all units, as the measurements provided are rough estimates*This versatile layout is ideal for multi-generational living, extended guests, or rental income opportunities.Outside, the serene backyard offers a peaceful retreat from the everyday hustle--providing year-round natural beauty and plenty of room to relax. A convenient half-circle driveway allows for easy entry and exit with ample parking. Located near the Ojai Preserve and Oak Grove School, this property combines tranquility and convenience in a truly special setting.

Price History

Date
Event
Price
12/04/25
Price Change
$1,000,000-9.1%
11/20/25
Price Change
$1,099,900-8.3%
07/17/25
Listing
$1,199,900
Condition Rating
Poor

Built in 1938, this property requires substantial repairs and rehabilitation. The main house kitchen is extremely dated with original-style dark wood cabinets, old laminate countertops, a vintage sink, and very old vinyl flooring and wallpaper. The main bathrooms feature highly outdated pink fixtures and tiles, indicative of a renovation 30-50 years ago. While some areas in the accessory units appear slightly more updated with basic white cabinets and appliances, the overall property, especially the main residence, shows significant wear, outdated styles, and a clear need for comprehensive modernization of major systems, aesthetics, and finishes throughout.
Pros & Cons

Pros

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 = 19602, living area = 1523.
Income/Multi-Generational Potential: The property features a main house, a separate studio unit, and an apartment, offering exceptional flexibility for rental income, multi-generational living, or guest accommodations.
Generous & Scenic Lot: An expansive 19,602 sq ft lot, adorned with mature oak trees, provides a serene, private setting and ample outdoor space.
Prime Ojai Location: Located in Ojai, near the Ojai Preserve and Oak Grove School, offering a desirable balance of tranquility, natural beauty, and convenient access.
Historic Charm & Character: Built in 1938, the property possesses unique character and charm, including features like two fireplaces in the main house, appealing to those seeking a distinctive home.
Views & Parking Convenience: The apartment boasts beautiful mountain views, complemented by a practical half-circle driveway providing ample parking for residents and guests.

Cons

Age-Related Maintenance/Updates: As a 1938 build, the property may require significant investment in updates to systems, infrastructure, or aesthetics to meet contemporary standards and address potential deferred maintenance.
Unverified Square Footage: The listing explicitly states 'Buyer to verify the actual square footage of all units,' indicating that the total living space is based on rough estimates, which can create uncertainty for buyers regarding value and usability.
Recent Price Reductions: Multiple price reductions from the initial listing suggest potential overpricing or market resistance, which could impact perceived value or indicate a need for further price adjustments.

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