12246 Sisar Rd

5.5
Baths
3,452 Sq. Ft.
$521 / Sq. Ft.
3,452
Sq. Ft.
$521
per Sq. Ft.

Description

Wagon wheel ranch -Rare Detached Ranch Compound on 1.42 Acres Six fully detached residential structures on a sprawling ranch-style lot in the Ojai Valley. Each unit operates as a standalone building, delivering a compound experience that commands strong tenant retention and is virtually unreplicable in today's entitlement environment. At $300,000/unit and a land basis well below current Ojai Valley acquisition costs, the offering presents a compelling entry point. -Substantial Recent Capital Investment...Wagon wheel ranch -Rare Detached Ranch Compound on 1.42 Acres Six fully detached residential structures on a sprawling ranch-style lot in the Ojai Valley. Each unit operates as a standalone building, delivering a compound experience that commands strong tenant retention and is virtually unreplicable in today's entitlement environment. At $300,000/unit and a land basis well below current Ojai Valley acquisition costs, the offering presents a compelling entry point. -Substantial Recent Capital Investment Significantly Improved Condition (20242026) Following a recent ownership consolidation, the current owner has executed a comprehensive capital improvement program across the property between 2024 and 2026. Completed upgrades include new roofs, full electrical system upgrades, updated heating systems, refreshed paint, renovated bathrooms, and new flooring throughout, as well as professional tree removal completed in response to insurance requirements. While the property retains additional value-add potential, the heavy lifting of core infrastructure and cosmetic upgrades has been completed, reducing buyer risk and near-term capital requirements relative to its prior condition. -Significant Rental Upside with No Local Rent Control Located in unincorporated Ventura County, the property falls outside the City of Ojai's Rent Stabilization Ordinance entirely. Rent increases are governed solely by AB 1482, which caps annual increases at 5% plus local CPI, and vacancy decontrol allows rents to reset fully to market upon turnover. With in-place rents averaging approximately $1,734/month against an Ojai market average closer to $2,733+/month, there is substantial and immediately accessible upside on lease renewals and unit turns. -Diverse Unit Mix Serving Multiple Renter Profiles The current owner pays trash and water utilities on behalf of tenants, meaning a buyer who pursues a utility billing recovery program (RUBS or individual metering) has a direct and meaningful path to improving NOI without raising a single rent. This represents an operational upside lever that is entirely independent of market conditions. -Supply-Constrained Lifestyle Market with Durable Rental Demand Ojai's combination of limited developable land, high barriers to new supply, and sustained demand from tourists, wellness travelers, and remote workers creates a rental market with structural vacancy resistance. The property sits against the Topatopa Mountain backdrop with downtown Ojai and Santa Paula both within 10 minutes, and Los Angeles roughly 80 miles south. -Value-Add Upside on a Substantially Improved Foundation Built in 1947 and held under private long-term ownership, the below-market rent roll is a product of tenure, not neglect. With roofs, electrical, heating, bathrooms, flooring, and paint all addressed between 2024 and 2026, a new owner inherits a meaningfully upgraded asset and can focus entirely on executing the rent upside strategy through lease renewals, unit turns, and utility recovery rather than managing capital projects.
  1. Listed by Daniel Withers • DRE #01325901 • Brokerage DRE #01469842 • Matthews Real Estate Investment Services

Property Details for 12246 Sisar Road

Zoning
RE1AC
Parcel Number
0300100245
Total Units
6.0
Living Area
3452
Source Living Area
Vendor Enhanced
Area
Upper Ojai (VC12)
Vacancy Rate
3
Lot Size Area
62029
LISTING UPDATED: 04/15/2026 12:11 PM

Property Details for 12246 Sisar Road

StatusActive
MLS #26729085
Days on Market1
Taxes-
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income
Year Built1947
Lot Size1.42 AC / 62,029 SF
CountyVentura County

Location

Listing Courtesy of Matthews Real Estate Investment Services, Daniel Withers, DRE #01325901
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Building Information for 12246 Sisar Road

Stories-Residences-Year Built1947Building Size-Lot Size1.42 AC / 62,029 SF

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$9,811 per month

30 year fixed, 6.46% Interest

Principal and Interest

$9,064

Property Taxes

$747

HOA Dues

$0

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Property Information for 12246 Sisar Road

Community / Development
Community / Development
  • Number Of Units: 6
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 0
  • Number Of Buildings: 8
  • Type Of Units: Apartment
Contract Info
Contract Info
  • Disclosures: Other
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $118,608
  • Net Operating Income: $71,923.00
  • Gross Income: $124,851
  • Cap Rate: 4.00%
  • Gross Rent Multiplier: $14.42
  • Total Annual Expense: 46685
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 1.424
  • Lot Size Square Feet: 62029
Parking Details
Parking Details
  • Parking Garage: Other
  • Total Parking: 0
Interior Features
Interior Features
  • Levels: One
  • Cooling: Other
  • Cooling Type: Other
  • Heating: Other
  • Heating Type: Other
  • Equipment: Other
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: Other
Lease Terms
Lease Terms
  • Entry Date: 04-15-2026
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,889.00
  • Unit Actual Rent: $7,554.00
  • Unit Projected Rent: $8,800.00
  • Like Units: 4
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,400.00
  • Unit Actual Rent: $1,400.00
  • Unit Projected Rent: $3,600.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $1,450.00
  • Unit Actual Rent: $1,450.00
  • Unit Projected Rent: $4,000.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $576,960.00
  • Assessed Improvement Percent: 70.47
  • Assessed Land Value: $241,801.00
  • Assessed Land Percent: 29.53
  • Assessed Total Value: $818,761.00

Property History for 12246 Sisar Road

DateEvent & SourcePriceAppreciation
Apr 15, 2026

Listed (Active)

CRMLS #26729085

$1,800,000—
Apr 15, 2026

Listed (Active)

CLAW #26729085

$1,800,000—
Oct 4, 2024

Hold

Ojai Valley Board of REALTORS #224056

$1,595,000—
Oct 3, 2024

Sold (Public Record)

Public Record #1545480527

$700,000

+13.2% / yr

Oct 1, 2024

Expired

CLAW #V1-24391VC

$1,595,000—
Oct 1, 2024

Expired

SDMLS #V1-24391

$1,595,000—
Oct 1, 2024

Expired

SDMLS #V1-22706

$1,595,000—
Oct 1, 2024

Expired

CLAW #V1-22706VC

$1,595,000—
Oct 1, 2024

Expired

VCF #V1-22706

$1,595,000—
Oct 1, 2024

Expired

VCF #V1-24391

$1,595,000—
Sep 30, 2024

Expired

CRMLS #V1-22706

—
Sep 30, 2024

Expired

CRMLS #V1-24391

—
Aug 19, 2024

Withdrawn / Cancelled

Santa Barbara AOR #24-970

$1,595,000—
Jun 29, 2024

Listed (Active)

VCF #V1-24391

$1,595,000—
Jun 29, 2024

Listed (Active)

CRMLS #V1-24391

$1,595,000—
Jun 28, 2024

Price Change

CRMLS #V1-22706

$1,595,000—
Apr 1, 2024

Listed (Active)

Ojai Valley Board of REALTORS #224056

$1,900,000—
Apr 1, 2024

Listed (Active)

VCF #V1-22706

$1,900,000—
Apr 1, 2024

Listed (Active)

CRMLS #V1-22706

$1,900,000—
Mar 31, 2024

Listed (Active)

Santa Barbara AOR #24-970

$1,900,000—
Jan 17, 2024

Listed (Active)

CLAW #V1-24391VC

$1,595,000—
Jan 17, 2024

Listed (Active)

SDMLS #V1-24391

$1,595,000—
Jan 17, 2024

Listed (Active)

SDMLS #V1-22706

$1,900,000—
Jan 17, 2024

Listed (Active)

CLAW #V1-22706VC

$1,900,000—
Apr 2, 2022

Expired

CRMLS #V1-6733

—
Apr 2, 2022

Expired

CRMLS #V1-6730

—
Apr 1, 2022

Expired

VCF #V1-6733

$1,900,000—
Apr 1, 2022

Expired

CLAW #6730VC

$1,900,000—
Apr 1, 2022

Expired

CLAW #6733VC

$1,900,000—
Apr 1, 2022

Expired

VCF #V1-6730

$1,900,000—
Jan 1, 2022

Withdrawn / Cancelled

CRMLS #V1-6733

—
Jan 1, 2022

Withdrawn / Cancelled

CRMLS #V1-6730

—
Jan 1, 2022

Withdrawn / Cancelled

CLAW #6733VC

—
Jan 1, 2022

Withdrawn / Cancelled

VCF #V1-6730

$1,900,000—
Jan 1, 2022

Withdrawn / Cancelled

VCF #V1-6733

$1,900,000—
Jan 1, 2022

Withdrawn / Cancelled

CLAW #6730VC

—
Oct 7, 2021

Price Change

CRMLS #V1-6733

$1,900,000—
Oct 7, 2021

Price Change

CRMLS #V1-6730

$1,900,000—
Jun 28, 2021

Listed (Active)

VCF #V1-6733

$2,200,000—
Jun 27, 2021

Listed (Active)

CLAW #6730VC

$2,200,000—
Jun 27, 2021

Listed (Active)

CRMLS #V1-6733

$2,200,000—
Jun 27, 2021

Listed (Active)

VCF #V1-6730

$2,200,000—
Jun 27, 2021

Listed (Active)

CLAW #6733VC

$2,200,000—
Jun 27, 2021

Listed (Active)

CRMLS #V1-6730

$2,200,000—
Mar 24, 2011

Sold (Public Record)

Public Record #306086703

$130,000—
DateEvent & SourcePrice
04/15/2026

Listed (Active)

CRMLS #26729085

$1,800,000
04/15/2026

Listed (Active)

CLAW #26729085

$1,800,000
10/04/2024

Hold

Ojai Valley Board of REALTORS #224056

$1,595,000
10/03/2024

Sold (Public Record)

Public Record #1545480527

$700,000

+13.2% / yr

10/01/2024

Expired

CLAW #V1-24391VC

$1,595,000
10/01/2024

Expired

SDMLS #V1-24391

$1,595,000
10/01/2024

Expired

SDMLS #V1-22706

$1,595,000
10/01/2024

Expired

CLAW #V1-22706VC

$1,595,000
10/01/2024

Expired

VCF #V1-22706

$1,595,000
10/01/2024

Expired

VCF #V1-24391

$1,595,000
09/30/2024

Expired

CRMLS #V1-22706

—
09/30/2024

Expired

CRMLS #V1-24391

—
08/19/2024

Withdrawn / Cancelled

Santa Barbara AOR #24-970

$1,595,000
06/29/2024

Listed (Active)

VCF #V1-24391

$1,595,000
06/29/2024

Listed (Active)

CRMLS #V1-24391

$1,595,000
06/28/2024

Price Change

CRMLS #V1-22706

$1,595,000
04/01/2024

Listed (Active)

Ojai Valley Board of REALTORS #224056

$1,900,000
04/01/2024

Listed (Active)

VCF #V1-22706

$1,900,000
04/01/2024

Listed (Active)

CRMLS #V1-22706

$1,900,000
03/31/2024

Listed (Active)

Santa Barbara AOR #24-970

$1,900,000
01/17/2024

Listed (Active)

CLAW #V1-24391VC

$1,595,000
01/17/2024

Listed (Active)

SDMLS #V1-24391

$1,595,000
01/17/2024

Listed (Active)

SDMLS #V1-22706

$1,900,000
01/17/2024

Listed (Active)

CLAW #V1-22706VC

$1,900,000
04/02/2022

Expired

CRMLS #V1-6733

—
04/02/2022

Expired

CRMLS #V1-6730

—
04/01/2022

Expired

VCF #V1-6733

$1,900,000
04/01/2022

Expired

CLAW #6730VC

$1,900,000
04/01/2022

Expired

CLAW #6733VC

$1,900,000
04/01/2022

Expired

VCF #V1-6730

$1,900,000
01/01/2022

Withdrawn / Cancelled

CRMLS #V1-6733

—
01/01/2022

Withdrawn / Cancelled

CRMLS #V1-6730

—
01/01/2022

Withdrawn / Cancelled

CLAW #6733VC

—
01/01/2022

Withdrawn / Cancelled

VCF #V1-6730

$1,900,000
01/01/2022

Withdrawn / Cancelled

VCF #V1-6733

$1,900,000
01/01/2022

Withdrawn / Cancelled

CLAW #6730VC

—
10/07/2021

Price Change

CRMLS #V1-6733

$1,900,000
10/07/2021

Price Change

CRMLS #V1-6730

$1,900,000
06/28/2021

Listed (Active)

VCF #V1-6733

$2,200,000
06/27/2021

Listed (Active)

CLAW #6730VC

$2,200,000
06/27/2021

Listed (Active)

CRMLS #V1-6733

$2,200,000
06/27/2021

Listed (Active)

VCF #V1-6730

$2,200,000
06/27/2021

Listed (Active)

CLAW #6733VC

$2,200,000
06/27/2021

Listed (Active)

CRMLS #V1-6730

$2,200,000
03/24/2011

Sold (Public Record)

Public Record #306086703

$130,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 12246 Sisar Road

Taxable ValueLand$241,801Additions$576,960Total$818,761
Tax Record2025$8,966 ($747 / month)
Home Facts
Total Finished SqFt3,455 SqFtAbove Grade Finished SqFt3,455 SqFtLot Size62,029 SqFtStyleMulti-Family Dwelling (2-4)Year Built1947ZoningRE1ACCountyVENTURAAPN030-0-100-245

Schools near 12246 Sisar Road

This home is within Ojai Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 7 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Mira Monte Elementary School
PublicK to 6

Matilija Middle
Public7 to 8

Legacy High
Public9 to 12

Nordhoff High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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12246 Sisar Road is a multi-family home for sale in Ojai, CA 93023. This listing's school district is Ojai Unified School District. Nearby schools include Mira Monte Elementary School, Matilija Middle and Legacy High. 12246 Sisar Road is a 7-bed, 5.5-bath, 3,452 sqft multi-family home built in 1947.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Matthews Real Estate Investment Services, Daniel Withers, DRE #01325901

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.