956 Tico Road, Ojai, California 93023, Ojai, 93023 - 4 bed, 2 bath
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Ojai, California 93023
This Multi-Structure Value-Add Estate is listed at $1,285,500, reflecting the unique utility of its 0.77-acre RE1AC Equestrian Lot. While the $1,198,742 Fair Market Value suggests a market-aligned entry point for the Ojai Valley, the Condition Rating of 5 necessitates a comprehensive rehab of the 1950s infrastructure. The asset features a detached 685 sq ft ADU, a metal shop, and distant mountain views from the patio, offering exceptional rental or creative potential. This versatile compound is a strategic acquisition for Value-Add Investors or Multi-Generational Buyers looking to capitalize on high lot utilization.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 956 Tico Road Subject | $1,285,500* List Price | 4 | 2 | 1,668 | $719 | - |
A 155 W Villanova Road Pending | $975,000 List Price | 4 | 2 | 1,440 | $677 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1950 with no evidence of major recent renovations. The interior features dated carpeting, original mid-century doors, and aging fixtures. Exterior images show significant cracking in the asphalt driveway and concrete walkways, suggesting deferred maintenance. The property requires a comprehensive rehab of the kitchen, baths, and likely systems to meet modern standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 33541, living area = 1668.
The property includes a detached 685 sq ft ADU with 2 bedrooms and its own 2-car garage, offering significant potential for rental income or a private guest house.
Situated on a flat 0.77-acre lot zoned RE1AC, this property allows for horses and livestock, providing a rare opportunity for country-style living just minutes from downtown Ojai.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 2.
Built in 1950, the main residence may require updates to its core systems and cosmetic finishes to meet the expectations of modern luxury buyers.
Despite its location in the Ojai Valley, the listing indicates no specific views, which may be a disadvantage compared to neighboring properties with mountain or valley vistas.
Welcome to this versatile Ojai Valley property minutes from downtown Ojai, offering space, flexibility, and endless possibilities. The main home features 4 bedrooms, 2 bathrooms, and approximately 1,700 sq ft of comfortable living space. Situated on a large, flat lot that is approximately .77 acres, the property offers room to roam and is zoned for animals such as horses, chickens and others (Zone RE1AC). This property also offers a detached approx. 685 sq ft ADU which provides additional living options with 2 bedrooms, 1.5 bathrooms, its own 2-car garage, and a breezeway connecting the garage to the ADU--ideal for extended family, guests, or potential rental use. Additional highlights include space for RV parking or other use, a large metal shop located at the rear of the property, and another detached structure that could serve as a home office, yoga studio, art studio, or other creative space. With its generous lot size and multiple structures, this property offers a unique opportunity for those seeking space, flexibility, and country-style living in the beautiful Ojai Valley.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 61% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,668 | 1,773 | 45% |
| Lot Size | 33,541 | 10,454 | 77% |
| Price | $1.29M | $1.29M | 50% |
| Price per sq ft | $771 | $758 | 53% |
| Built year | 1950 | 1961 | 22% |
| HOA | $0 | $0 | 50% |
| Days on market | 33 | 143 | 6% |
May 4, 2026
$1,285,500
Initial Listing