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12246 Sisar Rd
Ojai, CA 93023

$1,800,000 USD

Apartments For Sale  •  6,000 SF

Property Details

  • Property Type Apartments
  • Total Building Size 6,000 SF
  • Lot Size 1.37 AC
  • Building Class C
  • Year Built 1947
  • Cap Rate 4.00 %
10 Walk Score

Highlights

Rare Detached Ranch Compound on ±1.42 Acres – Six fully detached residential structures on a sprawling ranch-style lot in the Ojai Valley.
Substantial Recent Capital Investment — Significantly Improved Condition (2024–2026) – Following a recent ownership consolidation
Significant Rental Upside with No Local Rent Control – Located in unincorporated Ventura County
Diverse Unit Mix Serving Multiple Renter Profiles – The current owner pays trash and water utilities on behalf of tenants
Supply-Constrained Lifestyle Market with Durable Rental Demand – Ojai’s combination of limited developable land, high barriers to new supply
Value-Add Upside on a Substantially Improved Foundation – Built in 1947 and held under private long-term ownership, the below-market rent roll
Cap Rate: 4.00 %

Amenities

  • Air Conditioning
  • Kitchen
  • Refrigerator
  • Oven
  • Range
  • Tub/Shower
Robert Schenk 805-410-2992 Matthews Real Estate Investment Services
Robert Schenk 805-410-2992 Matthews Real Estate Investment Services