918 El Toro Road, Ojai, California 93023, Ojai, 93023 - 4 bed, 4 bath
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Ojai, California 93023
This 1953 Mid-Century residence presents a High-Potential Investment Opportunity with a List Price of $2,775,000—positioned well below the $2,797,148 Fair Market Value by 0.8%. This valuation gap offers $22,148 in Instant Equity. Featuring a 4,200 sq ft living area on a 1-acre lot, the property includes a pool and spa and significant expansion potential for an ADU. With a Condition Rating of 4, the home requires modernization, making it an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a value-add project.
Property is moderate renovation needed.
Built in 1953, the property features a kitchen and flooring (Saltillo tile) that appear to be from a renovation roughly 20-25 years ago. While functional and move-in ready, the listing describes it as an 'opportunity for transformation,' and the presence of a portable space heater in the bedroom suggests the HVAC system may be dated or insufficient.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 43560, living area = 3597.
The home features classic 1953 Mid-Century details, including vaulted open-beam ceilings, floor-to-ceiling windows, and a grand stone fireplace that seamlessly blend indoor and outdoor living.
Situated on a rare, flat one-acre lot with majestic oak trees, the property offers ample space for a detached ADU, studio, or recreational facilities, providing significant value-add potential.
Marketed as an 'opportunity for transformation,' the property likely requires substantial capital investment to modernize the 1950s finishes and systems to meet current luxury standards.
The original garage has been converted into flex space; while this increases the interior square footage, the absence of covered parking may be a deterrent for some buyers in this price bracket.
This 1953 Ranch home with Mid Century details on 1 acre presents a rare opportunity for transformation. Set on a quiet lot surrounded by majestic oak trees, this timeless property also offers an attached garage converted to flex space, for a total of 4200 sq ft. in living area. Step into a bright and airy living room with vaulted open-beam ceilings, solid wood walls, a grand stone fireplace, and floor-to-ceiling windows and glass doors, which connect the outside and inside seamlessly. Four en-suite bedrooms are perfectly situated for privacy and comfort. Light streams into the kitchen & dining room via enormous windows gazing towards the sprawling front yard. Each of the home's four baths features a full bathtub, while the den features a second brick wood-burning fireplace.The home's allure extends to the rear & ample side yard, where an expansive pool and spa are used daily, and sit ready to be re-imagined into an oasis for a family or simply entertaining. Flat area abounds for soccer matches and picnics, or to build an additional detached studio or ADU.918 El Toro is an exceptional opportunity to carve your own personal retreat in Ojai's most beloved neighborhood.
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 | 3,597 | 1,768.5 |
| Lot Size | 43,560 | 11,886 |
| Price | $2.77M | $1.33M |
| Price per sq ft | $771 | $778 |
| Built year | 1953 | 1972 |
| HOA | $0 | $50 |
| Days on market | 0 | 61 |
Jun 18, 2026
$2,775,000
Initial Listing
May 9, 2018
$1,825,000
Public Record