$4,200,000
●
House -
Off Market
904 Creek Road
Ojai, CA 93023
3 Beds
2 Baths,
1
Half Bath
2,500 Ft²
$7,557,574
RealtyHop Estimate
51.30%
Since Aug 1, 2018
National-US
Primary Model
About This Property
Though one often hears a property described as
'One-of-a-Kind'',there'll likely never be another chance to own 20
sprawling oak-studded usable acres w/mind-bending 360 degree
uninterrupted views & unparalleled privacy just blocks from the
Village of Ojai. Whether you're drawn to revitalize the nostalgic &
colorful history of the original Ranch House, Cottage, Pool Cabana
& converted Stables or have been searching for magical acreage to
construct your own inspiration, there's no better offering of
location, lot size, view & potential than Oak Tree Ranch. OS-40
zoning allows for flexible uses which just might benefit from the
romance of the Rustic Barn, 2 water meters & adjacent seasonal
creek. Held & offered for the 1st time in 40 years by the
Milnes: a family known for their passion for red corvettes & roses;
the property also had a previous steward of Jim Messina whose
iconic music partnership w/Kenny Loggins gave the property a
certain pedigree & past name of the Mother Lode Ranch.
Unit Size
2,500 Ft²
Days on Market
85 days
Land Size
20.85 acres
Price per sqft
$1,998
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1950
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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: 4 months ago (CRMLS #V0-218004660)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 14, 2018 | No longer available | - | |
| No longer available | |||
| Jul 13, 2018 | Sold | ||
| Sold | |||
| Jun 11, 2018 | Listed | $4,995,000 | |
| Listed | |||
| | |||
|
Though one often hears a property described as "One-of-a-Kind'',there'll likely never be another chance to own 20 sprawling oak-studded usable acres w/mind-bending 360 degree uninterrupted views & unparalleled privacy just blocks from the Village of Ojai. Whether you're drawn to revitalize the nostalgic & colorful history of the original Ranch House, Cottage, Pool Cabana & converted Stables or have been searching for magical acreage to construct your own inspiration, there's no better offering of location, lot size, view & potential than Oak Tree Ranch. OS-40 zoning allows for flexible uses which just might benefit from the romance of the Rustic Barn, 2 water meters & adjacent seasonal creek. Held & offered for the 1st time in 40 years by the Milnes: a family known for their passion for red corvettes & roses; the property also had a previous steward of Jim Messina whose iconic music partnership w/Kenny Loggins gave the property a certain pedigree & past name of the Mother Lode Ranch. The manager has listed the unit size as 2500 square feet.
| |||
| Apr 19, 2018 | Listed by Keller Williams West Ventura County | $4,995,000 | |
| Listed by Keller Williams West Ventura County | |||
Property Highlights
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 Ventura
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Charleen Michaels, Keller Williams West Ventura County
Last Updated: 4 months ago
Data Source: CRMLS, MLS# V0-218004660
Last Updated: 4 months ago
Data Source: CRMLS, MLS# V0-218004660
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