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
0Bed
0Bath
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
SR25149475
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 (73 Listings)
Beds03
Baths03
Square foot2,3511,870
85%
Lot Size13,9396,098
85%
Price$1.01M$750K
91%
Price per square foot$429$416
55%
Built year19489825984
27%
HOA
Days on market120170
24%
Condition Rating
Fair

The property was built in 1948. The images show the exterior of the three units. The units appear to be aged but maintained. The kitchens and bathrooms are not visible in the images, but given the age of the property, they are likely outdated and may require updates. The property is likely functional but shows signs of being outdated.
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.
Individual Metering: Each unit is individually metered, with tenants paying all utilities, resulting in low maintenance for the owner.
Desirable Location: Centrally located near schools, parks, shops, and local amenities, making it attractive to renters.
Large Lot Size: Expansive 13,900 sqft lot offers flexibility and growth potential for development.

Cons

Year Built: Built in 1948, the properties may require updates or renovations to meet modern standards.
Limited Bathrooms: Only 3 bathrooms for 7 bedrooms across three units might be a constraint for some tenants.
Potential Renovation Costs: Older construction may present unforeseen maintenance or repair costs.

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