Movoto Real Estate
Sold on 06/23/2026
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506 E Oak St, Ojai, CA 93023

  • $1,800,000

    Last sold 06/23/2026 after 60 Days

  • bed

  • bath

Multi-family not for sale
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About 506 E Oak St

Property type Multi-family
Neighborhood
Year built 1948
HOA fee $0/month
Lot size 0.51 Acre
Parking 2 garage spaces
Rental estimate
Property 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.
Listed by
Listing Agent - Nate Minkel
Listing Office - eXp Realty
Source: CRMLS mls logo
MLS#V1-36042 • last updated 1 day ago
Movoto checked CRMLS for data 7 minutes ago
Overview
Type Residential Income
SubType Triplex
Status Closed
Lot Size (Acres) 0.51
Lot Size (SqFt) 22215
Year Built 1948
Exterior
Building Area 3484
# Parking Spaces 8
# Garage Spaces 2
Lot Description Sprinklers None
Amenities / Utilities
Fireplaces None
Sewer/ Septic Public Sewer
Water Source Public
Spa None
Pool None
Location
View Mountain(s), Trees/Woods
County Ventura
Community Features Valley, Curbs, Watersports, Horse Trails, Golf, Rural, Biking, Hiking, Fishing, Mountainous, Foothills, Lake, Street Lights, Preserve/Public Land, Park, Hunting
Subdivision Ojai: Other, Ojai: Other
Neighborhood Downtown Ojai
Zoning RE2
Directions Ojai Avenue To Montgomery To E. Oak Street.
APN 220090280
Multifamily Details
Expense: Trash 2016
Operating Expense 900
Expense: Insurance 3600
Total Expenses 10116
Expense: Water/ Sewer 1500
Gross Income 6000
Expense: Electric 225
Gross Scheduled Income 6000
Expense: Fuel 85
Expense: Gardener 3000
Rental est.: $2,588/month
Gross rent multiplier: 56.3
  • Jun 2026
    mls logo MLS # V1-36042
  • Jun 23, 2026 Sold
    $1,800,000 (+2.9%)
  • Jun 11, 2026 Pending
  • May 11, 2026 Active
  • Apr 24, 2026 Listed
    $1,750,000
  • 506 E Oak St
    $1.8M
  • Sarzotti
    $1.24M +55% y/y
  • 93023
    $1.97M +1% y/y
  • Ojai
    $1.97M +1% y/y
No chart available
Statistics calculated by Movoto

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Source: GreatSchools.org © 2026. All rights reserved.

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CRMLS Multiple Listing Service™ system
The real estate listing data marked with this icon comes from the IDX program of the CRMLS Multiple Listing Service™ system.
Based on information from California Regional Multiple Listing Service, Inc. as of 6/23/2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
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