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12246 Sisar Rd 6 Unit Apartment Building $2,539,260 CAD ($423,210 CAD/Unit) 4% Cap Rate Ojai, CA 93023
Investment Highlights
- Rare Detached Ranch Compound on ±1.42 Acres
- Substantial Recent Capital Investment — Significantly Improved Condition (2024–2026)
- Completed upgrades include new roofs, full electrical system upgrades, updated heating systems, refreshed paint, renovated bathrooms, and new flooring
- Six fully detached residential structures on a sprawling ranch-style lot in the Ojai Valley.
- Significant Rental Upside with No Local Rent Control
- Immediately accessible upside on lease renewals and unit turns.
Executive Summary
Matthews is pleased to present 12246 Sisar Rd, a rare multifamily ranch compound located in the highly desirable Ojai Valley of Ventura County, California. The property
consists of six fully detached residential units situated on a ±1.42-acre parcel, offering a unique low-density living environment that is increasingly difficult to replicate due to
today’s restrictive entitlement landscape and limited available land.
The asset benefits from its location in unincorporated Ventura County, just minutes from downtown Ojai and Santa Paula, providing residents with convenient access to local retail, dining, and employment amenities while maintaining a tranquil, rural setting
against the backdrop of the Topatopa Mountains. Ojai’s strong appeal as a lifestyle destination—driven by tourism, wellness industries, and remote work trends—continues
to support consistent rental demand and long-term occupancy stability.
consists of six fully detached residential units situated on a ±1.42-acre parcel, offering a unique low-density living environment that is increasingly difficult to replicate due to
today’s restrictive entitlement landscape and limited available land.
The asset benefits from its location in unincorporated Ventura County, just minutes from downtown Ojai and Santa Paula, providing residents with convenient access to local retail, dining, and employment amenities while maintaining a tranquil, rural setting
against the backdrop of the Topatopa Mountains. Ojai’s strong appeal as a lifestyle destination—driven by tourism, wellness industries, and remote work trends—continues
to support consistent rental demand and long-term occupancy stability.
Property Facts
| Price | $2,539,260 CAD | Apartment Style | Garden |
| Price Per Unit | $423,210 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 | $2,539,260 CAD |
| Price Per Unit | $423,210 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
Property Taxes
| Parcel Number | 030-0-100-245 | Improvements Assessment | $830,196 CAD |
| Land Assessment | $347,931 CAD | Total Assessment | $1,178,126 CAD |
Property Taxes
Parcel Number
030-0-100-245
Land Assessment
$347,931 CAD
Improvements Assessment
$830,196 CAD
Total Assessment
$1,178,126 CAD
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12246 Sisar Rd
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