12246 Sisar Rd - Apartments FOR SALE


Ojai, CA 93023
$1,800,000 USD
805-410-2992
12246 Sisar Rd, Ojai, CA for Sale
$1,800,000 USD
Apartments - FOR SALE
1/4
null | 4% Cap Rate

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)
  • Significant Rental Upside with No Local Rent Control
  • Completed upgrades include new roofs, full electrical system upgrades, updated heating systems, refreshed paint, renovated bathrooms, and new flooring
  • Immediately accessible upside on lease renewals and unit turns.

OVERVIEW

Matthews is pleased to present 12246 Sisar Rd, a rare multifamily ranch compound located in the highly desirable Ojai Valley of Ventura County, California. The property consists of six fully detached residential units situated on a ±1.42-acre parcel, offering a unique low-density living environment that is increasingly difficult to replicate due to today’s restrictive entitlement landscape and limited available land. The asset benefits from its location in unincorporated Ventura County, just minutes from downtown Ojai and Santa Paula, providing residents with convenient access to local retail, dining, and employment amenities while maintaining a tranquil, rural setting against the backdrop of the Topatopa Mountains. Ojai’s strong appeal as a lifestyle destination—driven by tourism, wellness industries, and remote work trends—continues to support consistent rental demand and long-term occupancy stability.

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 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

030-0-100-245

ASK ABOUT THIS PROPERTY

Robert SchenkMatthews Real Estate Investment ServicesMore Info
805-410-2992

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Robert SchenkMatthews Real Estate Investment ServicesMore Info
805-410-2992

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.