Active

12246 Sisar Road

Ojai, CA 93023

$1,800,000 $7,588/Mo

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Overview

Bed

Bath

3,452

Sqft

62,029

Sqft(Lot)

Description

*WAGON WHEEL RANCH* -Rare Detached Ranch Compound on 1.42 Acres Six fully detached residential structures on a sprawling ranch-style lot in the Ojai Valley. Each unit operates as a standalone building, delivering a compound experience that commands strong tenant retention and is virtually unreplicable in today's entitlement environment. At $300,000/unit and a land basis well below current Ojai Valley acquisition costs, the offering presents a compelling entry point. -Substantial Recent Capital Investment Significantly Improved Condition (20242026) Following a recent ownership consolidation, the current owner has executed a comprehensive capital improvement program across the property between 2024 and 2026. Completed upgrades include new roofs, full electrical system upgrades, updated he ating systems, refreshed paint, renovated bathrooms, and new flooring throughout, as well as professional tree removal completed in response to insurance requirements. While the property retains additional value-add potential, the heavy lifting of core infrastructure and cosmetic upgrades has been completed, reducing buyer risk and near-term capital requirements relative to its prior condition. -Significant Rental Upside with No Local Rent Control Located in unincorporated Ventura County, the property falls outside the City of Ojai's Rent Stabilization Ordinance entirely. Rent increases are governed solely by AB 1482, which caps annual increases at 5% plus local CPI, and vacancy decontrol allows rents to reset fully to market upon turnover. With in-place rents averaging approximately $1,734/month against an Ojai market average closer to $2,733+/month, there is substantial and immediately accessible upside on lease renewals and unit turns. -Diverse Unit Mix Serving Multiple Renter Profiles The current owner pays trash and water utilities on behalf of tenants, meaning a buyer who pursues a utility billing recovery program (RUBS or individual metering) has a direct and meaningful path to improving NOI without raising a single rent. This represents an operational upside lever that is entirely independent of market conditions. -Supply-Constrained Lifestyle Market with Durable Rental Demand Ojai's combination of limited developable land, high barriers to new supply, and sustained demand from tourists, wellness travelers, and remote workers creates a rental market with structural vacancy resistance. The property sits against the Topatopa Mountain backdrop with downtown Ojai and Santa Paula both within 10 minutes, and Los Angeles roughly 80 miles south. -Value-Add Upside on a Substantially Improved Foundation Built in 1947 and held under private long-term ownership, the below-market rent roll is a product of tenure, not neglect. With roofs, electrical, heating, bathrooms, flooring, and paint all addressed between 2024 and 2026, a new owner inherits a meaningfully upgraded asset and can focus entirely on executing the rent upside strategy through lease renewals, unit turns, and utility recovery rather than managing capital projects.

Property Details

Property Type : Residential Income

Price : $1,800,000

AD Id : 77081603

MLS Id : 26729085

Beds : 7

Lot Size : 62,029 Sqft

Living Area Size : 3,452

Year Built : 1947

County : Ventura

Map

What's Nearby

Nearby Areas

Features

Bedroom Information

Total Bedrooms: 7

Bathroom Information

Total Baths: 5 Full Baths: 0 Half Baths: 0

Building Information

Year Built: 1947 Building Area Total: 3,452

Lot Details

Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 1.424
Lot Size Source: Vendor Enhanced Lot Size Square Feet: 62029

Listing Price Information

Original List Price: 1,800,000 Listing Contract Date: 2026-04-15
Lease Information

Listing Agreement: Seller Reserved

Tax Information

Parcel Number: 0300100245

Other Property Info

Source Listing Status: Active Source Neighborhood: VC12 - Upper Ojai Postal Code Plus 4: 8320 Directions: North of Ojai Santa Paula Rd Zoning: RE1AC Source Property Type: Residential Income Area: VC12 - Upper Ojai
Building and Construction

Property Age: 79 Year Built Source: Vendor Enhanced Total Square Feet Living: 3452 Levels or Stories: One Building Total Stories: 1

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
7343 Rose Valley Road, Ojai, CA, 93023	$900,000	3	2	1,440	1,440 SqFt
11849 Sulphur Mountain .., Ojai, CA, 93023	$4,475,000	4	2	4,386	4,386 SqFt
1310 Mcandrew Road, Ojai, CA, 93023	$1,625,000	3	2	1,754	1,754 SqFt
5180 Reeves Road, Ojai, CA, 93023	$7,499,000	4	4	5,444	5,444 SqFt
4440 Grand Avenue, Ojai, CA, 93023	$3,490,000	6	4	4,000	4,000 SqFt
2259 Mcnell Road, Ojai, CA, 93023	$7,995,000	4	4	5,085	5,085 SqFt
2170 Ladera Road, Ojai, CA, 93023	$1,599,000	4	2	2,398	2,398 SqFt
1888 Garst Lane, Ojai, CA, 93023	$16,500,000	7	9	8,101	8,101 SqFt
757 Mcnell Road, Ojai, CA, 93023	$1,790,000	3	1	1,880	1,880 SqFt
3741 Grand Avenue, Ojai, CA, 93023	$1,990,000	2	1	1,399	1,399 SqFt

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ByOwner last updated this listing 06/06/2026 @ 05:31

MLS: 26729085 LISTED BY: Daniel Withers, Matthews Real Estate Investment Services 866-889-0550 SOURCE: CRMLS