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Wagon Wheel Ranch 12246 Sisar Rd 6 Unit Apartment Building $2,466,000 CAD ($411,000 CAD/Unit) 4% Cap Rate Ojai, CA 93023
Investment Highlights
- Rare Detached Ranch Compound on ±1.42 Acres – Six fully detached residential structures on a sprawling ranch-style lot in the Ojai Valley.
- Significant Rental Upside with No Local Rent Control – Located in unincorporated Ventura County
- Supply-Constrained Lifestyle Market with Durable Rental Demand – Ojai’s combination of limited developable land, high barriers to new supply
- Substantial Recent Capital Investment — Significantly Improved Condition (2024–2026) – Following a recent ownership consolidation
- Diverse Unit Mix Serving Multiple Renter Profiles – The current owner pays trash and water utilities on behalf of tenants
- Value-Add Upside on a Substantially Improved Foundation – Built in 1947 and held under private long-term ownership, the below-market rent roll
Executive Summary
Broker of Record
David Harrington
License # 02168060, 01320460 (CA)
Matthews Real Estate Investment Services, Inc
2321 Rosecrans Ave., Suite 1225, El Segundo, CA 90245
(866) 889-0550
David Harrington
License # 02168060, 01320460 (CA)
Matthews Real Estate Investment Services, Inc
2321 Rosecrans Ave., Suite 1225, El Segundo, CA 90245
(866) 889-0550
Property Facts
| Price | $2,466,000 CAD | Apartment Style | Garden |
| Price Per Unit | $411,000 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 1.37 AC |
| Cap Rate | 4% | Building Size | 6,000 SF |
| No. Units | 6 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1947 |
| Property Subtype | Apartment |
| Price | $2,466,000 CAD |
| Price Per Unit | $411,000 CAD |
| Sale Type | Investment |
| Cap Rate | 4% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 1.37 AC |
| Building Size | 6,000 SF |
| No. Stories | 1 |
| Year Built | 1947 |
Amenities
Unit Amenities
- Air Conditioning
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 6 | - | - |
1 1
Not walkable
10/100
Exceptionally drivable
90/100
Somewhat bikeable
20/100
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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Wagon Wheel Ranch | 12246 Sisar Rd
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