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Sold for $1,800,000
  • Listed by: eXp Realty • Nate Minkel • Contact: 805-794-9588
    Bought with: eXp Realty
    $1,800,000

    506 E Oak St, Ojai, CA 93023

    6beds
    5baths
    3,484sqft
    Triplex
    Built in 1948
    -- sqft lot
    $1,800,100 Zestimate®
    $517/sqft
    $3,807 Estimated rent

    Home value

    $1,800,100

    $1.66M - $1.96M

    $3,807/mo

    Zestimate® history
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    $3,807/mo

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    $11,259/mo

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    What's special

    Mature oak treesOver half an acrePeaceful park-like atmosphereExpansive oversized lot
    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.

    Zillow last checked:

    Listing updated:

    Listed by:

    Nate Minkel DRE #01483520 805-794-9588,

    eXp Realty

    Bought with:

    Nate Minkel, DRE #01483520

    eXp Realty

    Non Member

    Unknown Agency

    Source: CRMLS,MLS#: V1-36042MLS LogoOriginating MLS: California Regional MLS (Ventura & Pasadena-Foothills AORs)

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 6
    • Bathrooms: 5
    Heating
    • Has Heating (Unspecified Type)
    Cooling
    • None
    Features
    • Has fireplace: No
    • Fireplace features: None
    • Common walls with other units/homes: 1 Common Wall,End Unit,No One Above,No One Below
    Interior area
    • Total structure area: 3,484
    • Total interior livable area: 3,484 sqft

    Property

    Parking
    • Total spaces: 8
    • Parking features: Garage
    • Garage spaces: 2
    Features
    • Pool features: None
    • Spa features: None
    • Has view: Yes
    • View description: Mountain(s), Trees/Woods
    Lot
    • Size: 0.51 Acres
    • Dimensions: 66' x 379'
    • Features: Sprinklers None
    Details
    • Parcel number: 0220090280
    • Zoning: RE2
    • Special conditions: Standard
    • Horse amenities: Riding Trail

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Triplex
    • Attached to another structure: Yes
    Condition
    • New construction: No
    • Year built: 1948

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    Community
    • Features: Biking, Curbs, Foothills, Fishing, Golf, Hiking, Horse Trails, Hunting, Lake, Mountainous, Park, Preserve/Public Land, Rural, Street Lights, Valley, Water Sports
    • Subdivision: Ojai: Other
    Location
    • Region: Ojai

    Financial & listing details

    • Price per square foot: $517/sqft
    • Tax assessed value: $514,865
    • Annual tax amount: $8,506
    • Date on market: 5/8/2026
    • Cumulative days on market: 33 days
    • Listing terms: Cash,Conventional,1031 Exchange,Submit

    Price history

    DateEventPrice
    6/23/2026Sold$1,800,000+2.9%$517/sqft
    Source: CRMLS #V1-36042 Report a problem
    6/11/2026Pending sale$1,750,000$502/sqft
    Source: CRMLS #V1-36042 Report a problem
    5/11/2026Contingent$1,750,000$502/sqft
    Source: CRMLS #V1-36042 Report a problem
    5/8/2026Listed for sale$1,750,000+614.3%$502/sqft
    Source: CRMLS #V1-36042 Report a problem
    5/2/1995Sold$245,000$70/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$8,506 +5.8%$514,865 +2%
    2024$8,036 $504,770 +2%
    2023$8,036 +0.9%$494,873 +2%
    2022$7,965 +0.8%$485,170 +2%
    2021$7,900 +2.3%$475,657 +1%
    2020$7,721 +2.7%$470,781 +2%
    2019$7,518 +1.2%$461,551 +2%
    2018$7,431 +1.6%$452,502 +2%
    2017$7,312 +14.3%$443,631 +2%
    2016$6,398 +0.9%$434,933 +1.5%
    2015$6,338 +8.1%$428,402 +2%
    2014$5,863 $420,013 +0.5%
    2013-- $418,116 +2%
    2012-- $409,919 +2%
    2011-- $401,882 +0.5%
    2009-- $399,830 +4%
    2007-- $384,305 +3.7%
    2006-- $370,429 +1.6%
    2005-- $364,525 +28.3%
    2003-- $284,134 +2%
    2002-- $278,563 +2%
    2001$3,797 +9.3%$273,102 +11.5%
    2000$3,472 $245,000
    Find assessor info on the county website

    Neighborhood: 93023

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $1,800,100
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $1,800,100