601 PEARL ST, OJAI, CA 93023

The LAAA Team of Marcus & Millichap is pleased to present 601 Pearl Street, a shovel-ready 9-home small-lot subdivision steps from downtown Ojai. The 1.14-acre site is fully platted into 10 recorded lots under Tract 5964, with approved Architectural, Civil, Landscape, and Structural plan sets ready to permit and pour. The product is California Craftsman cottages designed for a market where new construction is the rarest and most-bid product type.

• Fully Entitled and Fully Platted: Ten lots recorded under Tract No. 5964 with approved Architectural, Civil, Landscape, and Structural plan sets across all nine buildable homes.

• Walkable Downtown Ojai: A short walk from the Ojai Avenue Arcade, downtown shops and restaurants, and the Saturday farmers market. Buyers in this corridor pay premiums for walkable product.

• Scarce New-Construction Product: Virtually none of the recent twelve-month comp set in downtown Ojai is new construction. The subject delivers the only entitled small-lot subdivision of meaningful scale in the corridor.

• Multiple Exit Strategies: Build-to-sell or build-to-rent. The same nine-home program supports either path, removing reliance on a single exit cycle.

• On-Brand Ojai Architecture: California Craftsman cottages with gable rooflines, stone wainscot, lap siding, and cedar-shake roofs. Four floor-plan variants distributed across the nine lots for visual variety, reading as a cottage cluster rather than tract product.

• Defensible Residual at the Ask: The asking land basis supports a credible developer return given downtown Ojai trades on a brand-new-construction premium versus the aged-vintage comp set.

If a shovel-ready Ojai development site fits your acquisition plan, we would welcome the opportunity to walk you through the approved plan sets and pricing model.