$1,750,000
PENDING

506 E Oak St Ojai, CA 93023

Estimated payment $10,175/month

Total Views 2,162
6 Beds
5 Baths
3,484 Sq Ft
$502 Price per Sq Ft

Highlights

  • Golf Course Community
  • No Units Above
  • 0.51 Acre Lot
  • Fishing
  • View of Trees or Woods
  • Community Lake

About This Home

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.

Listing Agent

Nate Minkel

eXp Realty License #01483520 Listed on: 05/08/2026

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1948

Lot Details

  • 22,215 Sq Ft Lot
  • Lot Dimensions are 66' x 379'
  • No Units Above
  • End Unit
  • No Units Located Below
  • 1 Common Wall
  • Rural Setting
  • Fenced
  • No Sprinklers

Parking

  • 2 Car Garage
  • Parking Available

Property Views

  • Woods
  • Mountain

Home Design

  • Triplex
  • Entry on the 1st floor

Interior Spaces

  • 3,484 Sq Ft Home
  • 1-Story Property
  • Laundry in unit

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 5 Bathrooms

Additional Features

  • Exterior Lighting
  • Heating Available

Listing and Financial Details

  • Assessor Parcel Number 0220090280
  • Seller Considering Concessions

Community Details

Overview

  • 3 Buildings
  • 3 Units
  • Ojai: Other Subdivision
  • Community Lake
  • Foothills
  • Mountainous Community
  • Property is near a preserve or public land
  • Valley

Recreation

  • Golf Course Community
  • Fishing
  • Hunting
  • Park
  • Water Sports
  • Horse Trails
  • Hiking Trails
  • Bike Trail

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Electric Expense $225
  • Fuel Expense $85
  • Gardener Expense $3,000
  • Insurance Expense $3,600
  • Trash Expense $2,016
  • Water Sewer Expense $1,500
  • Operating Expense $10,116
  • Gross Income $6,000
  • Net Operating Income $5,100

Property Details

Home Type

Multi-Family

Year Built

Built in 1948

Lot Details

0.51 Acres

Parking

2

Listing Details

  • Assessments: No
  • Property Attached: Yes
  • Subdivision Name Other: Ojai: Other
  • View: Yes
  • Water Sewer Expenses: 1500.00
  • Zoning: RE2
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Gardener Expense: 3000.00
  • Parcel Number: 0220090280
  • Year Built: 1948
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 1
  • Common Walls: End Unit, No One Below, 1 Common Wall, No One Above
  • Appliances: Yes
  • Entry Level: 1
  • Price Per Square Foot: 502.30

Exterior Features

  • View: Mountain(s), Trees/Woods
  • Fence: Yes
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Total Parking Spaces: 8.00

Utilities

  • Sprinklers: No
  • Heating: Yes
  • Laundry: Yes
  • Sewer: Public Sewer
  • Trash Expense: 2016.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Valley, Curbs, Watersports, Horse Trails, Golf, Rural, Biking, Hiking, Fishing, Mountainous, Foothills, Lake, Street Lights, Preserve/Public Land, Park, Hunting

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Sprinklers None
  • Lot Size: 66' x 379'
  • Lot Size Sq Ft: 22215.00
  • Lot Size Acres: 0.5100

Multi Family

  • Electric Expense: 225.00
  • Fuel Expense: 85.00
  • Gross Income: 6000.00
  • Gross Scheduled Income: 6000.00
  • Insurance Expense: 3600.00
  • Lot Size Area: 22215.0000 Square Feet
  • Net Operating Income: 5100.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 3
  • Operating Expense: 900.00
  • Rent Control: No
  • Total Expenses: 10116.00

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $8,336 $514,865 $251,943 $262,922
2024 $8,336 $504,770 $247,003 $257,767
2023 $8,036 $494,873 $242,160 $252,713
2022 $7,965 $485,170 $237,412 $247,758
2021 $7,900 $475,657 $232,757 $242,900
2020 $7,721 $470,781 $230,371 $240,410
2019 $7,518 $461,551 $225,854 $235,697
2018 $7,431 $452,502 $221,426 $231,076
2017 $7,312 $443,631 $217,085 $226,546
2016 $6,398 $434,933 $212,829 $222,104
2015 $6,338 $428,402 $209,633 $218,769
2014 $5,863 $420,013 $205,528 $214,485
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
06/10/2026 06/10/26 Pending -- -- --
05/08/2026 05/08/26 For Sale $1,750,000 -- $502 / Sq Ft
Source: Ventura County Regional Data Share

Source: Ventura County Regional Data Share

MLS Number: V1-36042

Ventura County Regional Data Share

APN: 022-0-090-280

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