1
Map
$790,000
●
House -
Off Market
1175 Rancho Drive
Ojai, CA 93023
4 Beds
4 Baths
2,440 Ft²
$1,349,491
RealtyHop Estimate
68.90%
Since Sep 1, 2016
National-US
Primary Model
About This Property
Attention investors, contractors, and sweat equity buyers! 1175
Rancho Drive is a large, 2,440 square foot, 4 bedroom + 4 bathroom
single story house on an expansive 1.07 acre lot. Plenty of
potential to create an Ojai oasis suited to the most discriminating
palette. Detached 4 car garage with workshop provides plenty of
room for toys and tinkering. When the weather is warm enjoy your
time lounging by the pool; on cooler days enjoy the warmth provided
by the large, dual sided fireplace. Excellent Ojai location close
to shopping, restaurants, and the rest of what wonderful Ojai has
to offer. Short commute to Ventura and Santa Barbara - make it
home, today!
Unit Size
2,440 Ft²
Days on Market
-
Land Size
1.07 acres
Price per sqft
$327
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1965
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 10 hours ago (CRMLS #216012255)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Feb 10, 2020 | Sold | ||
| Sold | |||
| Oct 10, 2019 | Listed by Dammeyer & Associates | $1,395,000 | |
| Listed by Dammeyer & Associates | |||
| | |||
|
Located in one of Ojai's most desirable neighborhoods, this truly phenomenal modernized mid-century beauty sits on over an acre amidst fruit trees and mature landscaping. Enjoy Ojai's Mediterranean climate by the sparkling pool with Baja shelves while taking in the mountain views. A second building with two double garages and an additional studio offer endless possibilities to make your own creative space. All of this is just a few minutes from downtown Ojai and a short commute to Ventura or Santa Barbara. Close enough to town for convenience but far enough to enjoy the quiet of the mountains.
| |||
| Aug 23, 2016 | Listed by Strategic Realty Inc. | $799,000 | |
| Listed by Strategic Realty Inc. | |||
Property Highlights
Fireplace
Garage
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
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Sold On
Sold On
HOA + Taxes
About Meiners Oaks
Similar Homes for Sale
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Listed by: Jonathan Pelanne, Strategic Realty Inc.
Last Updated: 10 hours ago
Data Source: CRMLS, MLS# 216012255
Last Updated: 10 hours ago
Data Source: CRMLS, MLS# 216012255
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