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511 East Aliso Street, Ojai, CA 93023

$1.60M6bd · 5ba · 3,240 sqft
Lot 10,890 sqft•Single Family Residence•
Active
•49d on market•MLS# V1-38407

Property Description

Two Homes. Separate Meters. Multiple Usable Spaces. Owned Solar and Battery Backup ~ All in one of Ojai's most convenient locations. Whether held as an income-producing property, multi-generational compound, or private Ojai retreat, this is the kind of flexible real estate that is increasingly hard to find. A rare Ojai opportunity offering two separate residences, multiple creative spaces, and exceptional income potential--all tucked behind a private gate just moments from downtown shops, restaurants, and the Ojai lifestyle. The main residence offers approximately 2,540 sq. ft. with 4 bedrooms and 3.5 bathrooms, featuring vaulted ceilings, a fireplace, and an open kitchen and dining area designed for easy everyday living and entertaining. Completely separate, the beautifully remodeled 2-bedroom guest house offers approximately 700 sq. ft. with its own private entrance, dedicated yard, indoor laundry, high-end appliances, and elevated windows capturing Ojai Valley views. With separate utility meters for the main residence and guest house, the property is ideally configured for rental income, extended family, guests, or a true live-one/rent-one investment opportunity. Adding even more flexibility is a separate art studio and utility room, perfect for a home office, gym, creative space, or additional workspace, along with a new outdoor deck and restroom, two-car garage, generous parking, and full RV hookups. Built for modern independence, the property includes approximately $100,000 in owned Enphase solar with 18 panels and 40kW of backup battery capacity, plus tankless water heaters and water softener.

Features & Amenities

FeeBuilt 1954

Property Details

Land Type
Fee
Year Built
1954
Property Type
Residential
Property Subtype
Single Family Residence
Garage Spaces
2
Heating
Central
Cooling
Central Air
View
Mountain(s)
Flooring
Laminate, Tile
Roof
Composition
City
Ojai
Zip Code
93023
County
Ventura
Listed byLIV Sothebys Ojai, Lydia Johnson

Mortgage Calculator

Current Rates

$
$
%
Monthly Payment
$8,085.41
Principal & Interest
Loan Amount
$1,279,200
Total Interest
$1,631,549
Total Payment Over 30 Years
$2,910,749
This calculator provides estimates only. Actual mortgage payments may include taxes, insurance, HOA fees, and PMI. Contact a lender for accurate quotes.

Comparative Market Analysis

Luxury Tier · 5 active · 5 closed

511 East Aliso Street, Ojai, CA 93023

Ojai · Single Family Residence

$1.60M
Luxury Tier
Beds
6
Baths
5
Sqft
3,240
Lot
10,890 sqft
Year
1954
$/Sqft
$494
Pool: No✓
Spa: No✓
View: mountain✓
Garage: 2-car✓

Listed 44.9% below the median closed sale of $2,900,000. Price per sqft ($494) is a 41% discount to closed comps ($839). Luxury tier — fewer comparable sales widen the confidence range.

Price Position

Priced below the market — value advantage over the field.

Price advantage
Subject listed at $1.60M· $494/sqft
Total list price
Closed comps
vs closed median $2.90M
−$1.30M (−44.9%)
Active comps
vs active median $2.25M
−$651K (−28.9%)
Price per sqft
Closed compsinsufficient comp data
Active comps
vs active avg $/sqft $932
−$438 (−47.0%)

Active Properties (5)

Active Comparables

AddressCityYearBDBTHSqFtLotSzLP/SqFtLPDIMScore
883 Moreno DriveOjai1967442,6238,276$562$1.48M15472
1205 Rains CourtOjai1991432,55311,979$881$2.25M7372
414 Andrew DriveOjai1974442,49213,939$1,134$2.83M9470
275 Fairview RoadOjai1979542,80731,102$641$1.80M13067
708 Cuyama RoadOjai1950332,63730,800$1,441$3.80M1063
Total: 5 · Average4.03.62,622.419,219.2$931.8$2.43M92.2
Median2,623$2.25M

Closed Properties (5)

Closed Comparables

AddressCityYearDateBDBTHSqFtLotSzLPSPSP/SqFtSP/LPDIMScore
300 Santa Ana StreetOjai198805/26/2026543,49017,336$2.95M$2.80M$8020.958768
1035 Moreno DriveOjai200706/22/2026553,27310,890$1.65M$1.62M$4960.995167
435 Gridley RoadOjai193506/26/2026543,23620,038$2.79M$2.90M$8961.042165
817 Del Oro DriveOjai197906/15/2026533,42843,560$3.25M$3.33M$9701.025158
10802 Oak Knoll RoadOjai197305/19/2026532,81052,708$3.13M$2.90M$1,0320.936156
Total: 5 · Average5.03.83,247.428,906.4$2.71M$2.71M$839.2—54.2
Median3,273$2.90M$2.90M

Market Analysis

List vs Sale $/SqFt

Sale Price Trend

Days on Market

Sale vs List Price

AI-generated CMA

This analysis was generated automatically from MLS data. For an in-depth, human-reviewed valuation, contact Joseph Sardella at josephsardella@gmail.com.