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$4,800,000

For Sale - Active
1519 Ayers Ave, Ojai, CA 93023
5 Beds
3 Baths
3,802 Square Feet
0.00 Acres Lot
Built in 1978
For Sale - Active
Units n/a
Checked: 5 hours ago
Updated: Sep 12, 2025 at 09:22PM

Investment Summary


Potential Missing Expenses

We noticed that property taxes are missing—this is a standard expense and should be considered in your estimate.

Monthly Cash Flow
-$15,953
Cap Rate
1.7%
Cash-on-Cash Return
-17.3%
Debt Coverage Ratio
0.30
Internal Rate of Return (5 years)
-12.8%

Property Description


0.00 Acres Lot
Built in 1978
For Sale - Active
Units n/a

Chuhuichupa Ranch invites you to experience a tranquil, parklike setting where nature takes center stage. Nestled amongst mature oaks and teeming with deer and wildlife, this exceptional property offers the perfect blend of rustic charm and proximity to modern conveniences--located less than two miles from Downtown Ojai. As you approach this serene escape at the end of Ayers Avenue, a eucalyptus-lined drive leads you to a stunning custom-built home set against the breathtaking backdrop of conservation land. The top of the property provides direct access to the popular Shelf Road Trailhead and Valley View Preserve, offering endless opportunities to explore the beauty of the foothills. The ranch boasts incredible valley views from multiple vantage points, making it a peaceful retreat to recharge and reconnect with nature. The property spans 18.34 acres across five parcels, presenting unique development opportunities. The lower portion includes two primarily flat, nearly 1-acre parcels with residential zoning, ideal for creating additional residences or expanding the estate. This versatility makes the ranch an unparalleled investment for those seeking to create a custom compound or capitalize on its possibilities. At the heart of the ranch stands a 3,658 sq/ft Spanish Revival-style home exuding timeless elegance. Built with meticulous attention to detail, the home incorporates rare woods, jade-inlaid fireplaces, and Saltillo paver tiles, blending natural materials with thoughtful craftsmanship. The gated courtyard welcomes you with a tranquil fountain and leads to a viewing deck above the garage, providing stunning views of the property. Inside, an arched doorway opens to a warm and inviting entryway with a gallery wall. Hardwood accents, stonework, and open wood beams add to the rustic yet refined ambiance, while a 22-foot main beam from Thor Heyerdahl's famed Kon Tiki II raft graces the den.Steeped in charm and history, the property has served as a filming location for movies. The ranch features numerous outbuildings, such as workshops and barn structures, offering endless potential for equestrian use, livestock, or creative projects .Whether you envision an entertainer's dream, a private retreat, or a development opportunity, Chuhuichupa Ranch delivers endless possibilities. Escape the restless world and experience the rustic charm and natural beauty of this extraordinary property--schedule your private tour today!

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Location


Property Details


Parking

  • Description: Detached, Other, RV Access
  • Details: Garage
  • Garage Spaces: 4
  • Spaces Total: 4

Bedroom Information

  • # of Bedrooms: 5

Bathroom Information

  • # of Baths (Full): 3
  • # of Baths (Total): 3.0

Interior Features

  • # of Rooms: 9
  • # of Stories: 2
  • Basement: Yes
  • Fireplace: Yes

Land Information

  • Land Use: Residential
  • Land Use Subtype: Single Family Residential

Lot Information

  • Parcel ID: 0220210210
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Mediterranean/Spanish
  • Year Built: 1978

Tax Information

  • Annual Tax: $0

Utilities

  • Water & Sewer: Public

Location

  • County: Ventura

Listing Details


Listed by:
Eric Evarts
RE/MAX Gold Coast REALTORS
(805) 339-3596

Source:
San Diego MLS
MLS#: V1-27527
San Diego MLS

Investment Summary


Potential Missing Expenses

We noticed that property taxes are missing—this is a standard expense and should be considered in your estimate.

Monthly Cash Flow
-$15,953
Cap Rate
1.7%
Cash-on-Cash Return
-17.3%
Debt Coverage Ratio
0.30
Internal Rate of Return (5 years)
-12.8%

Purchase Details

Find an Agent

Purchase price:
$4,800,000
Amount financed:
-$3,840,000
Down payment:
$960,000
Closing costs:
$144,000
Rehab costs:
$0
Initial cash invested:
$1,104,000
Square feet:
3,802
Cost per square foot:
$1,262
Monthly rent per square foot:
$2.58

Financing Details

Find a Lender

Loan amount:
$3,840,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$22,715
Property tax:
$0
Insurance:
$686
Private mortgage insurance (PMI):
$0
Monthly payment:
$23,401

Operating Income

Find a Property Manager

% Rent Monthly Yearly
Gross rent:
$9,800 $117,600
Vacancy loss: (6%)
6% -$588 -$7,056
Operating income:
$9,212 $110,544

Operating Expenses


% Rent Monthly Yearly
Property taxes: (n/a)
n/an/an/a
Insurance: (7%)
7%-$686-$8,232
Property management: (8%)
8%-$784-$9,408
Repairs & maintenance: (5%)
5%-$490-$5,880
Capital expenditures: (5%)
5%-$490-$5,880
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (25%)
25%-$2,450-$29,400

Cash Flow


Monthly Yearly
Net operating income:
$6,762 $81,144
Mortgage payments:
-$22,715 -$272,580
Cash flow:
-$15,953 -$191,436