
Ojai, California 93023
This Single Family Residence represents a Strong Value Opportunity, listed at $1,575,000—positioned above the $1,458,720 Fair Market Value. While currently priced above the estimated market value, the property features a Condition Rating of 3, highlighted by an updated kitchen and a fully approved ADU. The home offers significant income potential and serene, unobstructed mountain views from its private location bordering the Ojai Valley Land Conservancy. This versatile property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a retreat-like lifestyle with supplemental rental income.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 883 Moreno Drive Subject | $1,475,000* List Price | 4 | 4 | 2,623 | $519 | - |
A 1035 Moreno Drive Sold | $1,622,500 | 5 | 5 | 3,273 | $496 | 0.2 mi |
B 1284 Ferrara Drive Active | $1,259,000 List Price | 3 | 3 | 2,141 | $588 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although built in 1967, the property has undergone significant renovations including an updated kitchen with stainless steel appliances, newer wood-look flooring throughout, and a newer roof. The interior finishes are well-maintained and the addition of a fully approved ADU indicates modern compliance and functional utility, making it move-in ready.
The property includes a fully approved one-bedroom, one-bathroom ADU, providing a turnkey solution for rental income, guest quarters, or multi-generational living.
Backing onto hundreds of acres managed by The Ojai Valley Land Conservancy, the home offers permanent privacy and direct access to pristine natural landscapes and hiking.
The residence is perfectly positioned to capture sweeping mountain views and Ojai's famous 'pink moment' sunsets from the main living areas and terraced outdoor spaces.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2623, other record living area = 1470. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
With 102 days on the market and a recent price reduction, the property may be experiencing stagnant buyer interest or pricing misalignment relative to current demand.
Despite being marketed as a retreat-like home, the 8,276 sqft lot is relatively modest for the Ojai area, which may limit the scale of outdoor amenities or privacy for larger groups.
Rare opportunity to own a retreat-like home in Ojai with a fully approved ADU!! Nestled in one of the area's most desirable neighborhoods in Meiners Oaks, this property backs onto hundreds of pristine acres managed by The Ojai Valley Land Conservancy, offering unparalleled privacy and a connection to nature and unprecedented views throughout.The main residence is thoughtfully designed with four bedrooms and three bathrooms. This includes a flexible fourth bedroom that is well-suited for use as a home office or a therapy room. The heart of the home features an open kitchen with ample storage that flows seamlessly into a spacious living room centered around a gas and wood-burning fireplace. Updated kitchen, tastefully selected finishes, newer roof, and drought resistant landscaping are just some of the many upgrades this home has to offer. The fully approved one-bedroom, one-bathroom ADU, provides excellent rental potential, guest quarters, or generational family living. The income potential for this property is significant!- A fully approved one-bedroom, one-bathroom ADU, providing excellent guest or rental income potential.- Sweeping mountain views visible from the kitchen, living room, and upstairs bedrooms.- Beautifully terraced outdoor spaces overlooking a natural landscape, ideal for experiencing Ojai's famous 'pink moment' sunsets.Given its layout and serene setting, this home offers incredible possibilities for work-live arrangements, therapy groups, or small retreats. Come and book a showing today!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 4.0 | 2.0 |
| Square foot | 2,623 | 1,691.422 |
| Lot Size | 8,276 | 10,676.711 |
| Price | $1.48M | $1.38M |
| Price per sq ft | $562 | $840 |
| Built year | 1967 | 1968 |
| HOA | $0 | $81 |
| Days on market | 122 | 55 |
Aug 31, 2026
$1,475,000
$1,549,000
-5% Price Drop
Initial Listing
Aug 23, 2026
$1,549,000
$1,575,000
-2% Price Drop
Initial Listing
Aug 1, 2026
$1,575,000
$1,599,000
-2% Price Drop
Initial Listing
May 10, 2026
$1,599,000
Initial Listing
Jul 15, 2022
$1,320,500
Public Record