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$1,750,000 Just Listed
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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.
Full Property Details
Full Property Details for 506 E Oak St
General
- Price: $1,750,000
- Status: Active
- Type: Multi-Family
- Source: MRMLS
- MLS ID: V1-36042
- Updated: 5/8/2026
- Added to Site: Today
Interior
- Fireplace(s): None
Additional Information
- Pool Description: None
- Spa Description: None
Parking
- Garage Spaces: 2
Location
- Area: VC11 - Ojai
- County: Ventura
- Development Name: VC11 - Ojai
- Driving Directions: Ojai Avenue to Montgomery to E. Oak Street.
Heating & Cooling
- Cooling Type: None
Utilities
- Sewer: Public Sewer
- Water: Public
- # Water Meters: 2
- # Gas Meters: 2
- # Electric Meters: 2
Structural Information
- Square Feet: 3,484
- Year Built: 1948
Unit Information
Unit 1
- Total Bathrooms: 2
- Bedrooms: 1
Unit 2
- Total Bathrooms: 1
- Bedrooms: 2
Unit 3
- Total Bathrooms: 2
- Bedrooms: 3
Lot Features
- Property View: Mountain(s), Trees/Woods
- Lot Size (Acres): 0.51
- Lot Size (Sq. Ft.): 22,215
- Lot Size Source: Assessor
- Lot Dimensions: 66' x 379'
- Zoning: RE2
- Lot Description: No Sprinklers
Financial Considerations
- Price Per Sq. Ft.: $502.3
Listed by eXp Realty, Nate Minkel
Get Pre-Approved Today
Schools
Schools serving 506 E Oak St
School District:Ojai Unified School District
| Name | Grades | Distance |
|---|---|---|
Topa Topa Elementary School 916 Mountain View Avenue, Ojai, CA 93023 | K-5 | 0.6 mi |
Matilija Middle 703 El Paseo Road, Ojai, CA 93023 | 6-8 | 0.8 mi |
Nordhoff High School 1401 Maricopa Highway, Ojai, CA 93023 | 9-12 | 1.6 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 506 E Oak St
Date
Details
Price
Change
Source
5/08/2026
Listed
$1,750,000
614.29%
MLS
5/02/1995
Sold
$245,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 506 E Oak St
Year
Property Taxes
Change
Tax Assessment
Change
2025
$8,506
2%
$514,865
2%
2024
$8,336
4%
$504,770
2%
2023
$8,036
1%
$494,873
2%
2022
$7,965
1%
$485,170
2%
2021
$7,900
2%
$475,657
1%
2020
$7,721
3%
$470,781
2%
2019
$7,518
1%
$461,551
2%
2018
$7,431
2%
$452,502
2%
2017
$7,312
14%
$443,631
2%
2016
$6,398
1%
$434,933
2%
2015
$6,338
8%
$428,402
2%
2014
$5,863
1%
$420,013
—
2013
$5,789
—
$418,116
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 506 E Oak St
506 E Oak Street, Ojai, CA 93023 (MLS# V1-36042) is a Multi-Family property with 3 units containing 0 bedrooms and 0 full bathrooms. 506 E Oak Street is currently listed for $1,750,000 and was received on May 08, 2026. Want to learn more about 506 E Oak Street? Do you have questions about finding other Multi-Family real estate for sale in Ojai? You can browse all Ojai real estate or contact a Coldwell Banker agent to request more information.

