126 N Arnaz Street, Ojai, California 93023, Ojai, - bed, bath
ACTIVE$1,800,000
126 N Arnaz Street, Ojai, California 93023
4Beds
3Baths
1,700Sqft
15,000Lot
Year Built
1955
Close
-
List price
$1.8M
Original List price
$1.8M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
V1-23244
Home ConditionFair
Features
Good View: Mountain(s)
Patio
ViewMountain(s)
About this home
3 units on large lot, in the Heart and Soul of the Ojai Valley126 and 128 N. Arnaz two residences on large lot in the Meiner's Oaks artist community in the west end of the Ojai Valley. 2+1 Main residence and rental income next door.Very bright and light front room with wood floors and large eat-in kitchen with vintage charm. Two spacious bedrooms, with wood floors. Several outbuildings can be used as office, studio, workout room etc.. Large lot could be split per the county of Ventura. Room to built a ADU and jr. ADU. Property has lots of space for gardening, off street parking, RV or Boat, or just enjoying the large private fenced yard. Walk to shops and restaurants. Easy commute to SB or Ventura.
Nearby schools
3/10
Meiners Oaks Elementary School
Public,•K-6•0.5mi
4/10
Matilija Junior High School
Public,•7-8•1.4mi
2/10
Chaparral High School
Public,•9-12•2.2mi
Condition Rating
Fair
The property was built in 1955. The kitchen has vintage charm, which suggests it's outdated. The bathrooms are not clearly visible in the images, but given the age of the property and the kitchen's condition, it's likely they also need updating. The wood floors appear to be in decent condition. Overall, the property seems maintained but requires updates to bring it to modern standards.
Pros & Cons
Pros
Income Potential: Property features 3 units, including a main residence and rental income potential from the additional units.
Large Lot with Development Potential: The 15,000 sqft lot offers potential for splitting and building an ADU and junior ADU, increasing property value.
Prime Location: Located in the heart of Ojai Valley's Meiner's Oaks artist community, walking distance to shops and restaurants.
Versatile Outbuildings: Several outbuildings provide flexible space for an office, studio, or workout room.
Ample Parking and Storage: Property offers plenty of off-street parking, including space for an RV or boat, and a large private fenced yard.
Cons
Vintage Charm: While some buyers appreciate vintage charm, others may view the 1955 construction and potentially outdated features as requiring updates.
Potential Renovation Costs: Depending on the condition of the rental units, some renovation may be required to maximize rental income.
Price Point: The list price of $1.8 million may be a barrier to entry for some buyers, requiring a significant investment.