883 Moreno Drive, Ojai, California 93023, Ojai, 93023 - 4 bed, 5 bath
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Ojai, California 93023
This Versatile Residential Property represents a Strong Value Opportunity, listed at $1,599,000—positioned above the $1,493,231 Fair Market Value. While priced at a premium, the property offers significant income potential through its fully approved ADU and flexible floor plan. Featuring a Condition Rating of 3, the home includes a renovated kitchen and sweeping mountain views. This asset is ideal for Buy-and-Hold Investors seeking rental income or Owner-Occupants looking for a multi-generational living arrangement in a serene Ojai setting.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 883 Moreno Drive Subject | $1,599,000* List Price | 4 | 5 | 2,623 | $569 | - |
A 1035 Moreno Drive Active Under Contract | $1,645,000 List Price | 5 | 5 | 3,273 | $503 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While built in 1967, the property has undergone significant updates including a renovated kitchen with stainless steel appliances, newer flooring throughout, and a newer roof. The interior is well-maintained and move-in ready, though the bathrooms feature older tile-work that suggests a renovation age in the 10-15 year range.
The inclusion of a fully approved one-bedroom, one-bathroom ADU offers significant flexibility for rental income, guest accommodations, or multi-generational living.
The property captures Ojai's iconic 'pink moment' sunsets and sweeping mountain views from key living areas and beautifully terraced outdoor spaces.
Recent upgrades including an updated kitchen, newer roof, and drought-resistant landscaping provide immediate value and reduce near-term maintenance costs for the buyer.
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.
Built in 1967, the property may still feature original systemic components that could require future capital investment despite recent cosmetic and functional updates.
The 8,276 square foot lot is relatively compact for the Ojai area, which may be a drawback for buyers seeking expansive privacy or significant agricultural space.
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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 61% |
| Baths | 5.0 | 2.0 | 93% |
| Square foot | 2,623 | 1,792 | 80% |
| Lot Size | 8,276 | 10,018.8 | 36% |
| Price | $1.60M | $1.29M | 69% |
| Price per sq ft | $610 | $751 | 26% |
| Built year | 1967 | 1961 | 64% |
| HOA | $0 | $0 | 50% |
| Days on market | 27 | 143 | 6% |
May 10, 2026
$1,599,000
Initial Listing
Jul 15, 2022
$1,320,500
Public Record