1981 S Rice Road
Ojai, CA, 93023
$1,599,000
MLS: V1-35412
Beds
4
Baths
3
Sq Ft
2,206
Lot
0.49 ac
Year Built
1959
MLS #
V1-35412
Days on Market
20
Listed
Mar 28, 2026
Description
Two addresses, two homes, and a setup that allows for flexibility from the start. Positioned on just under half an acre along South Rice Road, where an open setting meets neighborhood convenience, this property gives you options.The main house at 1981 South Rice offers approximately 1,500 square feet with 3 bedrooms and 2 bathrooms. Spacious common areas include a living room and a separate den with a fireplace and direct access to the main house 2 car garage. The kitchen and dining areas open to the backyard, as does the primary suite, creating an easy connection to the outdoors. Further complementing the indoor-outdoor Ojai lifestyle are an outdoor kitchen, peekaboo views of the Topa Topas, fruit trees, and raised garden beds.The guest house at 1977 South Rice offers 700 sq. ft. with 1 bedroom 1 bathroom, has its own driveway, private backyard, and a spacious detached 515 sq. ft. 2-car garage that could be turned into a third unit. Whether used for multi-generational living, guests, rental income, or a dedicated work-from-home environment, it adds a layer of versatility that can adapt to a variety of needs.Located near the Ventura River Preserve, Lake Casitas, coffee, shops, and restaurants, and just a short drive to downtown Ojai, this property balances privacy, versatility, and convenience. Don't miss this rare opportunity to own two homes in Ojai!
Location
Ojai, Ventura County, CA 93023
Open on Google Maps ↗Listed by: Ainsley Hughes · Keller Williams Westlake
Payment estimate
$11,407
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $159,900 · Loan: $1,439,100
- Principal & Interest
- $8,842
- Property tax (1.25%)
- $1,666
- Homeowners insurance
- $300
- Mortgage insurance
- $600
Login required. The full tool supports FHA / VA / USDA, PMI by credit tier, lender fees, and total cash to close — with your inputs here carried over.
Today's Rates
As of Apr 23, 2026
- 30-year fixed
- 6.23%
- 15-year fixed
- 5.58%
Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.
Financing Options
FHA Financing — 3.5% Down＋
First-time and repeat buyers can purchase this Ojai home with as little as 3.5% down using an FHA loan — roughly $55,965 down. FHA loans feature flexible credit guidelines and government-backed rates, making homeownership accessible for buyers who haven't saved a large down payment. Seller concessions up to 6% of the purchase price are also allowed.
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