601 Grand Avenue, Ojai, CA 93023

Local realty services provided by:Better Homes and Gardens Real Estate Clarity
601 Grand Avenue,Ojai, CA 93023
$8,650,000
  • - Beds
  • - Baths
  • 24,708 sq. ft.
  • Multi-family
  • Active
Listed by:filip niculete
Office:marcus & millichap
MLS#:25591565
Source:CRMLS

Price summary

  • Price:$8,650,000
  • Price per sq. ft.:$350.09

About this home

We are pleased to present the Grand East Oak Apartments, a 32-unit multifamily portfolio in the heart of Ojai, California. Spanning 2.75 acres across 601 Grand Avenue and 514516 E Oak Street, the offering represents one of the largest multifamily landholdings in the city, where new supply is virtually impossible to replicate. The scale, location, and nearly three acres of contiguous land make this a rare opportunity for an investor to become one of Ojai's largest private landowners.After more than six decades of family ownership, the properties are available for the first time since the 1960s, marking a generational opportunity in one of Southern California's most tightly held markets. The unit mix consists of 63% two-bedroom units and 34% one-bedroom units, with an average unit size of 772 SF. Current average rents of $1,890/unit ($2.45/SF) trail market averages of $2,503/unit ($3.24/SF), creating a 32% rental upside through natural turnover and light renovations. The property is

Contact an agent

contact an agent

Yes, I would like more information from BHGRE®. Please use and/or share my information with an BHGRE affiliated agent to contact me about my real estate needs. By clicking Send message, I agree an BHGRE affiliated agent may contact me by phone or text message including by automated means about real estate services, and that I can access real estate services without providing my phone number. I acknowledge that I have read and agree to theTerms of useandPrivacy notice

Home facts

  • Year built:1965
  • Listing ID #:25591565
  • Added:4 day(s) ago
  • Updated:September 16, 2025 at 01:37 PM

Rooms and interior

  • Living area:24,708 sq. ft.

Structure and exterior

  • Year built:1965
  • Building area:24,708 sq. ft.
  • Lot area:2.75 Acres

Finances and disclosures

  • Price:$8,650,000
  • Price per sq. ft.:$350.09
Based on information from California Regional Multiple Listing Service, Inc. as of September 16, 2025 . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

New listings near 601 Grand Avenue