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Two-Home Corner Lot Income Property
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386 Larmier, Oak View, CA 93022

Two separate residences with private yards provide flexible living or rental options on a single corner lot.

Days on Market67

Property Features for 386 Larmier

General Information

Standard status Active
Property subtype Multifamily

Additional Details

Multifamily Units 2

Building Details

Tenancy Multi
Listing Agency: Better Homes and Gardens Real Estate Property Shoppe
Listed By: Donna Wood · License #01362240
Source: Crexi
Added: May 27 Changed: Jul 10 Last Checked: Jul 31 at 12:08PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Better Homes and Gardens Real Estate Property Shoppe

Investment Insights

Based on property information with market context.

This property features two homes on one corner lot: a 1948 main residence with 3 bedrooms and 1 bathroom, and a detached 2023 ADU with 1 bedroom and 1 bathroom. Each home has its own entrance and yard, supporting privacy and separate occupancy. The main home includes wood flooring, dual-pane windows, and a wood-burning fireplace, with a spacious dining room and an expanded kitchen. The kitchen is appointed with quartz countertops, modern cabinetry, stainless steel appliances, and generous storage. Interior features include mirrored closet doors and an interior laundry area, along with major system upgrades such as a 220-amp electrical panel, Lennox HVAC, newer paint and windows, and a newer main gas line.

The detached ADU is street-facing with a private entry and its own small yard. Interior finishes include luxury plank flooring, recessed lighting, and dual-pane windows throughout. The kitchen has floating bamboo flooring, quartz counters, a farmhouse sink, and a garden window. The bedroom includes an oversized closet, a skylight, and a Mitsubishi dual-zone climate system, with updated wiring and plumbing and energy-efficient spray-foam insulation. A two-car covered carport provides convenient parking.

For buyers seeking a residential income setup in Oak View, CA, the separate entrances and yards can support flexible use, whether used as multi-generational housing or as two independent rental units. The property is described as being within walking distance of a local market, coffee and donut shops, and a popular breakfast spot, with easy access to Ojai, Ventura, the Ojai Valley bike trail, and the coast.

Key Highlights

  • Single corner lot with 2 residences: 1948 main home (3BD/1BA) plus a 2023 detached ADU (1BD/1BA)
  • Main home features wood flooring, dual‑pane windows, and a wood‑burning fireplace; includes spacious dining room and expanded kitchen with quartz counters
  • Main home updates include a 220‑amp electrical panel, Lennox HVAC, newer paint and windows, and a newer main gas line

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Parking Lot & Garage Law Firm Spa & Massage Center Dental Office Building Supply HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

269
Businesses Nearby

Demographics for 93022, CA

6,172
Population
2,264
Households
2.7
Avg Household Size
44
Median Age
30%
College-Educated
88%
High-School Grad
3.1 sq mi
ZIP Area
1,991
Density / Sq Mi
$109,471
Median Household Income
$43,545
Median Earnings
$2,489
Median Rent
$704,500
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Duplex - Two separate residences with private yards provide flexible living or rental options on a single corner lot.
Where is this duplex located?
The property is located at 386 Larmier Oak View, CA.
What is the asking price?
The asking price for this property is $998,500.
What are key features of this property?
This property features: Single corner lot with 2 residences: 1948 main home (3BD/1BA) plus a 2023 detached ADU (1BD/1BA); Main home features wood flooring, dual‑pane windows, and a wood‑burning fireplace; includes spacious dining room and expanded kitchen with quartz counters; Main home updates include a 220‑amp electrical panel, Lennox HVAC, newer paint and windows, and a newer main gas line
More about this property
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