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Michael Penny

michaelpennyhomes@gmail.com +1(619) 348-7431

$1,750,000

Est. payment - /mo

0.51 Acres Lot

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Key Details

Property Type Single Family Home, Multi-Family

Sub Type Triplex

Listing Status Active Under Contract

Purchase Type For Sale

Subdivision Ojai: Other

MLS Listing ID V1-36042

HOA Y/N No

Year Built 1948

Lot Size 0.510 Acres

Lot Dimensions Assessor

Property Sub-Type Triplex

Property Description

Set on over half an acre in one of the most desirable neighborhoods in the beautiful Ojai Valley, this rare triplex opportunity offers endless potential in a truly exceptional setting. Surrounded by majestic Topa Topa mountain views, mature oak trees, and a peaceful park-like atmosphere, this unique property captures the essence of Ojai living while being just moments from the vibrant heart of downtown. Enjoy the convenience of walking distance to local shops, restaurants, coffee houses, art galleries, farmers markets, and everything that makes downtown Ojai so special.The property consists of three longtime rental units situated on an expansive oversized lot, creating an incredible opportunity for investors, developers, owner-users, or those seeking to create a private family compound or multi-generational retreat. All units will be delivered vacant upon transfer of ownership, allowing the next owner immediate flexibility to reimagine, renovate, expand, or design the property to fit their vision and lifestyle.Whether you're looking to preserve its charm as an income-producing investment property, create a custom estate compound, develop a luxury retreat, or capitalize on the highly sought-after Ojai market, the possibilities here are truly endless. Large parcels in this prime downtown location rarely become available, making this an extraordinary opportunity for those with vision.Don't miss your chance to own a one-of-a-kind property in the heart of Ojai -- opportunities like this do not come around often, and this one is expected to move quickly.

Location

State CA

County Ventura

Area Vc11 - Ojai

Zoning RE2

Interior

Cooling None

Fireplaces Type None

Fireplace No

Exterior

Garage Spaces 2.0

Garage Description 2.0

Pool None

Community Features Biking, Curbs, Foothills, Fishing, Golf, Hiking, Horse Trails, Hunting, Lake, Mountainous, Park, Preserve/Public Land, Rural, Street Lights, Valley, Water Sports

View Y/N Yes

View Mountain(s), Trees/Woods

Total Parking Spaces 8

Private Pool No

Building

Lot Description Sprinklers None

Story 1

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 0220090280

Energy Description 85.0

Acceptable Financing Cash, Conventional, 1031 Exchange, Submit

Listing Terms Cash, Conventional, 1031 Exchange, Submit

Special Listing Condition Standard

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Listed by Nate Minkel eXp Realty #01483520

NEARBY SCHOOL & BUSINESS

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Michael Penny

+1(619) 348-7431

Team Leader | License ID: 02030332

Team Leader License ID: 02030332

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Homes For Sale in San Diego, CA

506 E Oak ST Ojai, CA 93023

Michael Penny

Key Details

Location

Interior

Exterior

Building

Others

NEARBY SCHOOL & BUSINESS

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506 E Oak ST