Under Contract

506 E Oak Street

Ojai, CA 93023

$1,750,000 $7,378/Mo

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Overview

Bed

Bath

3,484

Sqft

22,215

Sqft(Lot)

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.

Property Details

Property Type : Residential Income

Price : $1,750,000

AD Id : 77771305

MLS Id : V1-36042

Lot Size : 22,215 Sqft

Living Area Size : 3,484

Year Built : 1948

Garage : 2

County : Ventura

Map

What's Nearby

Nearby Areas

Features

Bathroom Information

Total Baths: 0

Water/Sewer

Water Source: Public Sewer: Public Sewer
Interior Features

Fireplace: None
Cooling Features

None Air Conditioning

Heating Source

Has Heating

Fireplace

Fireplace Features: None Has Fireplace: 0

Building Information

Year Built: 1948 Building Area Total: 3,484
Pool Features

None

Lot Details

Lot Dimensions Source: Assessor Lot Size Acres: 0.51 Lot Size Dimensions: 66' x 379'
Lot Size Source: Assessor Lot Size Square Feet: 22215

Listing Price Information

Original List Price: 1,750,000 Listing Contract Date: 2026-04-24
Lease Information

Listing Agreement: Exclusive Right To Sell

Tax Information

Parcel Number: 0220090280

Other Property Info

Source Listing Status: Active Under Contract Source Neighborhood: VC11 - Ojai Directions: Ojai Avenue to Montgomery to E. Oak Street. Zoning: RE2 Source Property Type: Residential Income Area: VC11 - Ojai Property SubType: Triplex
Building and Construction

Property Age: 78 Common Walls: 1 Common Wall,End Unit,No One Above,No One Below Structure Type: Triplex Year Built Source: Assessor Entry Level: 1 Property Attached: Yes

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
203 N Fulton Street, Ojai, CA, 93023	$969,000	3	2	1,400	1,400 SqFt

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ByOwner last updated this listing 06/08/2026 @ 16:01

MLS: V1-36042 LISTED BY: Nate Minkel, eXp Realty 805-815-1327 SOURCE: CRMLS