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Property profile

1234 Meyer Rd Ojai, CA 93023

OFF-MARKET
Specialty properties
4,363 SF 3.94 ac lot Built 2006
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Property summary

AI-generated overview

This exceptional 4.363-square-foot property in Ojai, California, presents a unique investment opportunity. Located on a sprawling 3.94-acre lot, the property consists of five buildings, including a main residence boasting six bedrooms and five bathrooms, and a detached two-bedroom, one-bathroom guest house. Two separate two-car garages provide ample parking, and a detached recreation room offers potential for conversion into an accessory dwelling unit (ADU). The property is zoned R-A-4AC, allowing for a variety of uses. Currently vacant, this versatile property is ideally suited for residential care living or multiple income streams. Its prime location near horse trails and a short drive from downtown Ojai adds to its appeal. Built in 2006, the property features a single-story design and is comprised of three units, with an asking price of $3,229,000 ($740.09 per square foot and $1,076,333.33 per unit). The property's address is 1232-1234 Meyer Rd, Ojai, CA 93023, with Ventura County as its location. The Assessor's Parcel Number (APN) is 0110020075. This expansive property offers significant potential for creative redevelopment and diverse income generation.

Property profile

Verified
Property type Specialty properties
Year built 2006
Total area 4,363 SF
Lot 3.94 ac (171,626 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1234 Meyer Rd Ojai, CA 93023
Ojai metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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