120 S Ojai Street, Santa Paula, California 93060, Santa Paula, - bed, bath
ACTIVE$950,000
120 S Ojai Street, Santa Paula, California 93060
0Bed
0Bath
Sqft
14,810Lot
Year Built
1915
Close
-
List price
$950K
Original List price
$1M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
V1-22762
Home ConditionPoor
Features
View-
About this home
Unique opportunity and an excellent chance to invest in the gorgeous community of Santa Paula! This residential duplex is set on a 14,810-sq ft lot (per assessor's records) with Commercial General zoning (per city records), offering lots of potential - live in one home and rent other! Two separate houses on one lot each have a private front yard. The first unit has 2 bedrooms and 1 bath, and the second unit has 2 bedrooms and 1 bath. The property is 1,160 sq ft total (per assessor's records) and close to Ventura County's incredible beaches. Santa Paula is set between the charming coastal city of Santa Barbara to the north and the bustling metropolitan area of Los Angeles to the south.
Price History
Date
Event
Price
09/04/25
Price Change
$950,000
04/03/24
Listing
$1,000,000
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (4 Listings) | |
|---|---|---|---|
| Beds | 0 | 0 | |
| Baths | 0 | 0 | |
| Square foot | 0 | 3,891 | |
| Lot Size | 14,810 | 8,450 | 60% |
| Price | $950K | $835K | 60% |
| Price per square foot | $0 | $265 | |
| Built year | 1915 | 1946 | 20% |
| HOA | |||
| Days on market | 582 | 189 | 80% |
Condition Rating
Poor
Built in 1915, this property is over a century old. While the exterior appears maintained, there is no mention of significant renovations in the description, and no interior images are provided to assess the condition of the kitchen, bathrooms, or core systems. For a home of this age without stated updates, it is highly probable that the electrical, plumbing, and potentially structural components are severely outdated, inefficient, and may require substantial repairs or complete replacement to meet modern safety and comfort standards. The kitchen and bathrooms are almost certainly original or very old, requiring full rehabilitation. This aligns with the 'Poor' category, indicating a need for substantial repairs and rehabilitation, even if currently livable.
Pros & Cons
Pros
Commercial General Zoning: The property benefits from Commercial General zoning, offering exceptional flexibility for future business use, redevelopment, or continued residential income, significantly enhancing its long-term value.
Income-Generating Duplex: As a residential duplex with two separate 2-bed/1-bath units, it provides immediate income potential, allowing for owner-occupancy with rental income or full investment property utilization.
Expansive Lot Size: Situated on a generous 14,810 sq ft lot, the property offers ample space for potential expansion, additional development (subject to permits), or creating desirable outdoor living areas.
Strategic Investment Opportunity: The combination of duplex income, large lot, and commercial zoning positions this property as a versatile investment with diverse potential for appreciation and cash flow.
Desirable Regional Location: Located in the 'gorgeous community' of Santa Paula, with convenient proximity to Ventura County beaches and situated between Santa Barbara and Los Angeles, enhancing its appeal to residents.
Cons
Advanced Age of Construction: Built in 1915, the property is over a century old, likely necessitating substantial capital expenditures for system upgrades (plumbing, electrical), structural maintenance, and general modernization.
Limited Unit Square Footage: With a total of 1,160 sq ft for two units (approx. 580 sq ft each), the individual units are quite small, which may impact rental rates, tenant pool, or perceived value compared to larger properties.
Recent Price Reduction: The property has undergone a $50,000 price reduction from its original list price, potentially indicating an initial overvaluation or challenges in attracting buyer interest at its previous price point.