214 S Ojai Street, Santa Paula, California 93060, Santa Paula, - bed, bath

home-pic
ACTIVE$1,008,780
214 S Ojai Street, Santa Paula, California 93060
7Beds
3Baths
2,351Sqft
13,939Lot
Year Built
1948
Close
-
List price
$1.01M
Original List price
$989K
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
SR25134516
Home ConditionFair
Features
Good View: Neighborhood
ViewNeighborhood

About this home

Welcome to 214, 214½, and 215 S. Ojai Street in the charming city of Santa Paula — a rare and exceptional investment opportunity offering three detached single-family homes on one expansive lot of approximately 13,900 square feet. This unique property features a total of 7 bedrooms and 3 bathrooms across 2,351 square feet of combined living space, thoughtfully divided into two 2-bedroom/1-bath units and one 3-bedroom/1-bath unit. Each home is individually metered, with all utilities paid by the tenants, making this a highly efficient and low-maintenance income-producing asset. Currently occupied by great long-term tenants, the property provides immediate cash flow while offering tremendous future upside. Investors and developers alike will appreciate the major ADU and add-on potential, with enough space and zoning possibilities to allow for two additional Accessory Dwelling Units (ADUs) — perfect for expanding your rental portfolio or increasing overall property value. Set in a desirable and centrally located neighborhood, this property is close to schools, parks, shops, and local amenities, making it attractive to renters and buyers alike. Whether you're looking to expand your real estate portfolio, house-hack by living in one unit and renting the others, or explore development possibilities, 214, 214½, and 215 S. Ojai Street offers flexibility, growth potential, and strong rental demand all in one package. Don’t miss this exceptional opportunity in one of Ventura County’s most promising markets!

Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (74 Listings)
Beds73
97%
Baths33
50%
Square foot2,3511,870
85%
Lot Size13,9396,098
85%
Price$1.01M$749K
91%
Price per square foot$429$417
55%
Built year19481965
27%
HOA
Days on market136166
35%
Condition Rating
Fair

The property was built in 1948. The images show the exterior of the three units. The exteriors appear aged and require some updates. The kitchens and bathrooms are not visible in the images. Given the age and the exterior appearance, a 'Fair' condition score is appropriate, indicating the need for minor updates or repairs.
Pros & Cons

Pros

Investment Opportunity: Three detached single-family homes on one lot provide immediate cash flow with long-term tenants.
ADU Potential: Significant potential for adding two additional Accessory Dwelling Units (ADUs) to increase rental income or property value.
Desirable Location: Centrally located near schools, parks, shops, and local amenities, making it attractive to renters and buyers.
Individual Metering: Each home is individually metered, with tenants paying all utilities, reducing landlord expenses.
Large Lot Size: Expansive 13,900 sqft lot offers ample space for expansion and development.

Cons

Age of Property: Built in 1948, the property may require updates and maintenance to meet modern standards.
Limited Bathroom Count: Only 3 bathrooms for 7 bedrooms may be a drawback for some tenants or buyers.
Potential Renovation Costs: While offering upside, renovations to maximize ADU potential will require capital investment.

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