NOT LISTED FOR SALE

603 Pope Ln Ojai, CA 93023

Estimated Value: $904,307 - $1,121,000

5 Beds
3 Baths
1,760 Sq Ft
$577/Sq Ft Est. Value

Last Sold August 16, 2023

Last sale price $897,000 $510 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $6,453/month

56 Days on Market

About This Home

As of August 2023

Fixer Upper Triplex property in need of immediate exterior and interior renovation. Possibility to add ADU on site (Buyer to verify). Please check with the City of Ojai. 1 studio and 2- 2BD/1BA units. Contact the agent for pro forma income information. The lot does have a slope from Front to Back (Buyer to verify grading).

Last Agent to Sell the Property

Marc Perlof

KW Advisors License #01489206 Listed on: 04/01/2023

KW Advisors

Last Buyer's Agent

Hans Hormann

Sun Coast R. E.Downtown License #01515419

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,336

Year Built

  • Built in 1898

Lot Details

  • 0.55 Acre Lot

Interior Spaces

  • 1,760 Sq Ft Home
  • 2-Story Property
  • Oven or Range

Flooring

  • Carpet
  • Linoleum

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Parking

  • 7 Open Parking Spaces
  • 7 Parking Spaces

Utilities

  • Window Unit Cooling System
  • Heating System Mounted To A Wall or Window

Community Details

  • 3 Units
  • Vacancy Allowance $5,421

Listing and Financial Details

  • Assessor Parcel Number 023-0-132-110

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,336

Year Built

Built in 1898

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 1760
  • Lot Acreage: 0.5544
  • Stories: 2
  • Year Built: 1898
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Linoleum, Carpet
  • Bedrooms: 5
  • Total Bathrooms: 3.00
  • Equipment: Range/Oven, Refrigerator
  • Price Per S Q F T: 508.52

Exterior Features

  • Other Structures: None

Garage/Parking

  • Other Spaces: 7
  • Total Parking: 7

Utilities

  • Cooling: Window Unit(s)
  • Heating: Wall

Lot Info

  • Assessed Improvement Percent: 30.66
  • Assessed Improvement Value: 83265
  • Assessed Land Percent: 69.34
  • Assessed Land Value: 188271
  • Total Assessed Value: 271536
  • Assessor Parcel Number: 023-0-132-110
  • Lot Size Area: 24150

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 9.22
  • Number Of Units: 3
  • Type Of Units: Vacant
  • Vacancy Allow: 5421
  • Vacancy Allow Percent: 5.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 1, 2023
Closed on
Jul 5, 2023
Sold by
Pope Family Trust
Bought by
Hormann Hans C and Lucey Liana L
Seller's Agent
Marc Perlof
KW Advisors
Buyer's Agent
Hans Hormann
Sun Coast R. E.Downtown
List Price
$999,999
Sold Price
$897,000
Premium/Discount to List
-$102,999
-10.3%
Views
304
Current Estimated Value
$1,015,577

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$118,577
Avg. Annual Appreciation
5.81%
Original Mortgage
$717,600
Outstanding Balance
$700,545
Interest Rate
6.81%
Mortgage Type
New Conventional
Estimated Equity
$315,032

Purchase Details

Closed on
Feb 23, 2005
Sold by
Pope Karl D
Bought by
Pope Karl D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$359,650
Interest Rate
5.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 5, 2004
Sold by
Pope Karl D
Bought by
Pope Karl D

Purchase Details

Closed on
Mar 27, 2000
Sold by
Elliott Burgess L
Bought by
Pope Karl D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$167,500
Interest Rate
8.3%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Hormann Hans C $897,000 Priority Title
Pope Karl D -- Lawyers Title Company
Pope Karl D -- Lawyers Title Company
Pope Karl D -- --
Pope Karl D $187,500 Old Republic Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hormann Hans C $717,600
Previous Owner Pope Karl D $359,650
Previous Owner Pope Karl D $167,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/16/2023 08/16/23 Sold $897,000 +0.2% $510 / Sq Ft
05/27/2023 05/27/23 Pending -- -- --
05/20/2023 05/20/23 Price Changed $895,000 -10.5% $509 / Sq Ft
04/01/2023 04/01/23 For Sale $999,999 -- $568 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Tax History

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 $13,336 $914,940 $765,000 $149,940
2024 $13,336 $897,000 $750,000 $147,000
2023 $6,399 $276,966 $192,036 $84,930
2022 $6,400 $271,536 $188,271 $83,265
2021 $6,335 $266,212 $184,579 $81,633
2020 $6,199 $263,485 $182,688 $80,797
2019 $6,053 $258,319 $179,106 $79,213
2018 $5,966 $253,255 $175,595 $77,660
2017 $5,897 $248,290 $172,152 $76,138
2016 $5,023 $243,423 $168,777 $74,646
2015 $4,964 $239,769 $166,243 $73,526
2014 $3,281 $235,075 $162,988 $72,087
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2023

    Marc Perlof

    KW Advisors

    Section Image

  • H

    Buyer's Agent in 2023

    Hans Hormann

    Sun Coast R. E.Downtown

    (805) 705-5551

    1 in this area

    13 Total Sales

    Hans Hormann
    Section Image
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Map

Source: The MLS

MLS Number: 23-258317

The MLS

APN: 023-0-132-110

California Ventura County Ojai 93023

603 Pope Ln, Ojai, CA

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