506 E Oak Street Ojai, CA $ 1,750,000
506 E Oak Street
$ 1,750,000
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506 E Oak Street

Ojai, CA, 93023
$ 1,750,000
Baths1.0 Sq 3,484

Monthly Estimate*

$ 10,775

Listed by eXp Realty
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Studio

Multi-Family Home for sale in Ojai, CA

for $1,750,000 with 1 full bath. This 3,484 square foot home was built in 1948 on a lot size of 0.51.

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.

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Multi-Family Pending

Price

$ 1,750,000

Bedrooms

Studio

Full Bath

1

Property Type

Multi-Family

Taxes

$ 0

Style

Lot Size

0.51

Year Built

1948

Town/City

Ojai

County/Region

Ventura

MLS | Web ID

V136042

Days on Market

52

Features
General
Sewer Public Sewer
Cooling None
Possession Close Of Escrow Negotiable
Zoning RE2
HOA Fee 0
Garage Spaces 2
Pool Features None
Year Built 1948
View Mountain(s) Trees/Woods
Property Subtype Triplex
Gross Income 6000
Community Features Biking Curbs Foothills Fishing Golf Hiking Horse Trails Hunting Lake Mountainous Park Preserve/Public Land Rural Street Lights Valley Water Sports
County Ventura
Net Operating Income 5100
Operating Expense 900
Insurance Expense 3600
New Construction false
Property Type Residential Income
Subdivision Name Ojai: Other
Garage Y/N true
Special Listing Conditions Standard
Status Pending
Directions Ojai Avenue to Montgomery to E. Oak Street.
City Ojai
Senior Community Y/N false
Number Of Units Total 3
MLS Area VC11 - Ojai
Lot Size Units Square Feet
Lot Size Square Feet 22215
Listing Terms Cash Conventional 1031 Exchange Submit
Spa Features None
Property Attached Y/N true
Land Lease Y/N false
Electric Expense 225
Fuel Expense 85
Trash Expense 2016
Water Sewer Expense 1500
Additional Parcels Y/N false
Rent Control Y/N false
Standard Status Pending
Year Built Source Assessor
Property Sub Type Additional Triplex
Expected Active Date 2026-05-08
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Interior
Fireplace Features None
Total Stories 1
Common Walls 1 Common Wall End Unit No One Above No One Below
Air Conditioning Y/N false
Heating Y/N true
Fireplace Y/N false
Entry Level 1
Total Baths 0
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Exterior
Lot Features Sprinklers None
Water Source Public
Total Parking 8
Lot Size Area 22215
Number of Buildings 3
Spa false
Building Area Total 3484
Lot Dimensions 66' x 379'
Lot Size Acres 0.51
Private Pool false
Lot Size Source Assessor
Number of Separate Water Meters 2
Number of Separate Gas Meters 2
Number of Separate Electric Meters 2
Horse Amenities Riding Trail
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* Excluded Features
List By
Exp Realty

Broker

nminkel@gmail.com

Email

Affordability Calculator

$10,775
Per Month
100%
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0%
Monthly Principal & Interest
$10,775
Monthly Property Taxes
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Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/28/2026$1,750,000 Listed Price

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506 E Oak Street, Ojai, CA, 93023 is a Multi-Family Home for sale at $1,750,000 with 3,484 sqft and a lot size of 0.51. 506 E Oak Street is a studio with 1.0 baths and was built in 1948. The property's zip code is 93023 which is in Ojai, CA