12246 Sisar Rd - Apartments FOR SALE
Ojai, CA 93023 |
$1,800,000 USD
805-410-2992
12246 Sisar Rd
Ojai, CA 93023
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
FOR SALE DETAILS
PRICE
$1,800,000 USD
PRICE/SF
$300 USD /SF
# OF UNITS
6
PRICE/UNIT
$300,000
CAP RATE
4%
% LEASED
-
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Wagon Wheel Ranch
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Garden
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1947
PARKING SPACES
-
LAND DETAILS
LAND ACRES
1.37 AC
LAND SF
59,713 SF
ZONING
-
APN/PARCEL ID
-
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805-410-2992
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805-410-2992
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