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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
•68d 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 8.0% above the median closed sale of $1,480,000. Price per sqft ($494) is a 37% discount to closed comps ($783). Expect a longer timeline — comps averaged 134 days on market. Luxury tier — fewer comparable sales widen the confidence range.

Price Position

Positioned above the market — commands a premium.

Premium
Subject listed at $1.60M· $494/sqft
Total list price
Closed comps
vs closed median $1.48M
+$119K (+8.0%)
Active comps
vs active median $1.48M
+$124K (+8.4%)
Price per sqft
Closed compsinsufficient comp data
Active comps
vs active avg $/sqft $889
−$395 (−44.4%)

Active Properties (5)

Active Comparables

AddressCityYearBDBTHSqFtLotSzLP/SqFtLPDIMScore
412 Fulton StreetOjai1940321,4617,500$957$1.40M270
505 Ventura StreetOjai1980322,16311,128$670$1.45M3869
509 Blanche StreetOjai1947231,4675,110$1,155$1.70M14265
569 Tico RoadOjai1977642,48414,810$594$1.48M7352
3741 Grand AvenueOjai1935221,39922,651$1,069$1.50M21940
Total: 5 · Average3.22.61,794.812,239.8$889$1.50M94.8
Median1,467$1.48M

Closed Properties (5)

Closed Comparables

AddressCityYearDateBDBTHSqFtLotSzLPSPSP/SqFtSP/LPDIMScore
211 Shady LaneOjai195110/14/2026542,2008,712$1.65M$1.61M$7320.984780
207 EucalyptusOjai193704/15/2026332,0678,443$1.79M$1.74M$8410.979373
914 Patricia CourtOjai196802/09/2026332,03310,018$1.50M$1.45M$7110.965270
421 Andrew DriveOjai199112/09/2025332,54313,764$1.49M$1.48M$5800.993366
212 Foothill RoadOjai195010/07/2026221,40614,702$1.64M$1.48M$1,0530.9044766
Total: 5 · Average3.23.02,049.811,127.8$1.55M$1.55M$783.4—134.4
Median2,067$1.48M$1.48M

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.