402 Descanso Avenue
Ojai, CA, 93023
$625,000
MLS: V1-35728
Beds
3
Baths
2
Sq Ft
1,193
Lot
0.17 ac
Year Built
1961
MLS #
V1-35728
Days on Market
7
Listed
Apr 10, 2026
Description
Attention all DIYers and Investors! Don't miss this one! This home is in the idyllic Ojai Terrace neighborhood of Ojai. This three bedroom, two bathroom floorpan with back entrance to garage, sits on a large 7590 square foot lot that provides plenty of room and endless possibilities! The spacious backyard provide you the ability to expand the homes footprint. The home is in extremely poor condition, however and you must mask up before entering. Conveniently positioned near amazing hiking/biking trails, schools, hospital, shopping center, coffee shops and the trolly to downtown Ojai.
Location
Ojai, Ventura County, CA 93023
Open on Google Maps ↗Listed by: Lynn Goodman · BHHS California Properties
Payment estimate
$4,642
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $62,500 · Loan: $562,500
- Principal & Interest
- $3,456
- Property tax (1.25%)
- $651
- Homeowners insurance
- $300
- Mortgage insurance
- $234
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 $21,875 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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