840 Fairview Road
Ojai, CA, 93023
$1,599,000
MLS: V1-30899
Beds
5
Baths
4
Sq Ft
2,585
Lot
0.45 ac
Year Built
1948
MLS #
V1-30899
Days on Market
61
Listed
Jul 2, 2025
Description
Rare Ojai Investment Property - Two Permitted Homes + StudioA unique opportunity to own two fully permitted single-family homes plus a permitted attached studio, all in excellent condition on a spacious, private lot just minutes from downtown Ojai.With high rental demand and strong long-term rental values in Ojai, this property offers outstanding income potential. Whether you're an investor seeking stable monthly returns or a buyer looking to offset your mortgage, 840 Fairview Road delivers.The front home is just over 1,200 sq ft, offering 2BD/1BA, an open layout, and a screened-in porch perfect for indoor-outdoor living. The rear home is just over 1,250 sq ft, featuring 2BD/2BA, including a stunning skylit bath and a private patio with outdoor shower off the primary suite -- ideal for premium long-term rental or owner occupancy.The permitted attached studio adds flexible use options for a guest suite, home office, or additional rental income. Two large storage sheds offer extra space for tools, hobbies, or tenant use.All units are in move-in condition, with multiple rental configurations possible. Live in one and rent the others -- or lease all three. With strong local rental values, this is a turn-key income property in one of Ojai's most desirable locations. The possibilities are endless.
Location
Ojai, Ventura County, CA 93023
Open on Google Maps ↗Listed by: Cher-Ami Murphy · LIV Sotheby's International
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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