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601 Pearl Street

Ojai, CA 93023
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SqFt49,540

Sqft(Lot)

We are pleased to present 601 Pearl Street, a rare shovel-ready residential subdivision opportunity located in the heart of Downtown Ojai. Situated on approximately 1.14 acres, the offering consists of 10 recorded lots with approvals in place for the development of nine detached single-family homes. The project includes fully approved Architectural, Civil, Landscape, and Structural plan sets, allowing a developer to immediately pursue permits and commence construction. Offered at $3,700,000, the property is priced at approximately $73 per land square foot and $411,111 per buildable home, presenting a compelling basis for one of Southern California's most supply-constrained lifestyle markets. The approved development is designed as a California Craftsman-inspired cottage community featuring nine detached homes averaging approximately 1,835 square feet under roof. The fully entitled subdivision includes private drive access, two fire department turnarounds, and frontage along Pearl Street, Bald Street, and the Ojai Valley Trail. In addition to a build-for-sale strategy, the property also supports a compelling build-to-rent alternative, with projected stabilized NOI between approximately $605,000 and $632,000 annually. Located just steps from Downtown Ojai, the property benefits from one of California's most desirable and tightly controlled residential markets. The site is within walking distance to the Ojai Avenue Arcade, Libbey Park, the Ojai Valley Trail, restaurants, boutiques, and the city's renowned farmers market. Ojai's strict growth controls, affluent buyer demographic, and limited new housing inventory have sustained premium residential pricing throughout market cycles. Demand is further supported by the Ojai Valley Inn & Spa, a world-renowned 220-acre luxury resort that continues to attract second-home buyers and lifestyle-driven migration from Los Angeles, Santa Barbara, and the Bay Area. As one of the only entitled small-lot subdivisions of scale in Downtown Ojai, 601 Pearl Street presents a highly differentiated opportunity to deliver scarce new-construction product into an exceptionally supply-constrained market.

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Detail Ic Property Details

Property Type : Land

Price : $3,700,000

AD Id : 79434554

MLS Id : 26839863

Lot Size : 49,540 Sqft(Lot)

County : Ventura

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  • Lot Information

    Main Square Feet: 49540 Lot Size Acres: 1.1373 Lot Size Source: Assessor Lot Size Square Feet: 49,540

  • Listing Price Information

    Listing Price: $3700000

  • Tax Information

    Parcel Number: 0230141465

  • Location Information

    Direction: South of East Ojai Ave
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
12400 Ojai Santa Paula .., Ojai, CA, 93023 $1,895,000 -- -- -- 679,971.60 Sqft(Lot)
12400 Ojai Santa Paula .., Ojai, CA, 93023 $2,150,000 -- -- -- 3,114,975.60 Sqft(Lot)
12661 Highwinds Road, Ojai, CA, 93023 $1,049,000 -- -- -- 156,816 Sqft(Lot)
1320 Mcandrew Road, Ojai, CA, 93023 $995,000 -- -- -- 27,442.80 Sqft(Lot)
1 Hendrickson Road, Ojai, CA, 93023 $795,000 -- -- -- 54,450 Sqft(Lot)
2250 Hermitage Road, Ojai, CA, 93023 $5,000,000 -- -- -- 1,748,062.80 Sqft(Lot)
E Ojai Avenue, Ojai, CA, 93023 $550,000 -- -- -- 38,768.40 Sqft(Lot)
1201 Grand Avenue, Ojai, CA, 93023 $2,995,000 -- -- -- 531,867.60 Sqft(Lot)
7500 -1 Sulphur Mountai.., Ojai, CA, 93023 $1,850,000 -- -- -- 2,266,862 Sqft(Lot)
220 Bryant Street, Ojai, CA, 93023 $1,250,000 -- -- -- 43,560 Sqft(Lot)

The information being provided by Miami Association of REALTORS® is for the consumer's personal, non-commercial use. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Miami Association of REALTORS®. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Miami Association of REALTORS® and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2026 Miami Association of REALTORS®. All rights reserved.

ByOwner last updated this listing 07/28/2026 @ 04:47

MLS: 26839863 LISTED BY: Filip Niculete, Marcus & Millichap 818-212-2700 SOURCE: CRMLS

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