506 E Oak Street, Ojai, ResidentialIncome

$ 1,750,000

Overview

  • Updated On:
  • May 12, 2026
  • Property ID
  • 279689
  • 0.51 ft2

Description

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.

Address: 506 E Oak Street
City:
State/County:
Zip: 93023
Country: US

Property Id: 279689
Price: $ 1,750,000
Property Lot Size: 0.51 ft2
Activation Date: 2026-05-08
Building Area Total: 3484
Common Wall: OneCommonWall,EndUnit,NoOneAbove,NoOneBelow
Community Features: Biking,Curbs,Foothills,Fishing,Golf,Hiking,HorseTrails,Hunting,Lake,Mountainous,Park,PreservePublicLand,Rural,StreetLights,Valley,WaterSports
Contract Status Change Date: 2026-04-24
Cumilative Days on Market: 4
Days on Market: 4
Directions: Ojai Avenue to Montgomery to E. Oak Street.
Electric Expense: 225
Entry Level: 1
Fuel Expense: 85
Garage Spaces: 2
Garden Expense: 3000
Gross Income: 6000
Gross Scheduled Income: 6000
Horse Amenities: RidingTrail
Insurance Expense: 3600
List Agent AOR: VenturaCoastal
List Agent Direct Phone: (805) 794-9588
List Agent Email: nminkel@gmail.com
List Agent Name: Nate Minkel
List Agent MLS ID: V211506749
List office AOR: VenturaCoastal
List office Email: mike.mendibles@exprealty.net
List office MLS ID: VC69473
List office Phone: (805) 815-1327
Listing Agreement: ExclusiveRightToSell
Listing Contract Date: 2026-04-24
Listing ID: V1-36042
Listing Service: FullService
Listing Terms: Cash,Conventional,Exchange1031,Submit
Lot Features: SprinklersNone
Lot Size Area: 22215
Lot Size Dimensions: 66' x 379'
Lot Size Source: Assessor
Lot Size Square Feet: 22215
Lot Size Units: SquareFeet
MLS Area Major: VC11 - Ojai
MLS Status: ActiveUnderContract
Net Operating Income: 5100
Number of Buildings: 3
Number of Seperate Electric Meters: 2
Number of Seperate Gas Meters: 2
Number of Seperate Water Meters: 2
Number of Units Total: 3
On Market Date: 2026-05-08
Operating Expense: 900
Original List Price: 1750000
Parcel Number: 0220090280
Parking Total: 8
Photos Count: 48
Possession: CloseOfEscrow,Negotiable
Postal City: OJAI
Sewer: PublicSewer
State or Province: CA
Stories Total: 1
Street Dir Prefix: E
Street Name: Oak
Street Number: 506
Street Suffix: Street
Trash Expense: 2016
View: Mountains,TreesWoods
Water Sewer Expense: 1500
Water Source: Public
Year Built: 1948
Zoning: RE2

Other Features
Additional Parcel
Cooling
Fireplace
Has a View
Has Garage
Has Heating System
Land Lease
New Construction
Private Pool
Property Attached
Rent Control
Senior Community
Spa

$ 10,216.62
per month
  • Principal and Interest
  • Property Tax
  • HOA fee
$ 8,393.71

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