66
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$1,600,000
●
House -
Off Market
1186 S Rice Road
Ojai, CA 93023
2 Beds
2 Baths
1,116 Ft²
$7,857
Est. Monthly
About This Property
Discover the perfect blend of updated comfort and classic Ojai
charm at 1186 S Rice Rd. Situated on a nearly one-acre parcel of
flat, usable land, this property offers an incredible opportunity
for a main home + guest house lifestyle. The main residence is a
stylishly remodeled 2-bedroom, 2-bathroom home featuring an open,
bright interior that leads seamlessly to an expansive outdoor
patio--ideal for al-fresco dining, entertaining, or taking in the
serene surroundings. Included on the property is a detached
1-bedroom ADU, providing excellent flexibility for guests, a home
office, or rental income. The property is capped off with an
oversized 2-car garage, offering ample space for vehicles and
storage. Whether you're looking for a private compound or a weekend
retreat, this rare, usable lot offers endless potential in a prime
Ojai location.
Unit Size
1,116 Ft²
Days on Market
60 days
Land Size
0.95 acres
Price per sqft
$1,434
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1949
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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: 5 months ago (CRMLS #V1-36274)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 6, 2026 | Sold | ||
| Sold | |||
| Jun 14, 2026 | In contract | - | |
| In contract | |||
| Jun 10, 2026 | Price Decreased |
$1,600,000
↓ $50K
(3%) | |
| Price Decreased | |||
| May 20, 2026 | Price Decreased |
$1,650,000
↓ $45K
(2.7%) | |
| Price Decreased | |||
| May 7, 2026 | Listed by Redfin | $1,695,000 | |
| Listed by Redfin | |||
Property Highlights
Garage
Air Conditioning
Fireplace
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
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Mira Monte
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Listed by: John Burdick, Redfin
Last Updated: 5 months ago
Data Source: CRMLS, MLS# V1-36274
Last Updated: 5 months ago
Data Source: CRMLS, MLS# V1-36274
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