For the first time in almost 100 years this amazing downtown gated property, hidden from the road, is coming to market. Sold together as a family compound, two adjoining legal lots totaling approximately one acre of prime Ojai real estate include a 1920's cottage which has been used as 3 separate units and a magnificent 5br/3.5ba Mediterranean built in the late 1980's. A wrought iron gate grants entrance to the newer 3500 sqft, 2-story home, revealing a 2nd story balcony and arched windows above the front door. Immediately inside, a foyer with 20ft ceilings, an octagonal window, and a chandelier opens to a grand living room with high ceilings, a fireplace and large windows. A family room connected to the large kitchen has another fireplace, large windows, and glass doors for access to the ultra-private back garden. The primary suite with walk-in closet and a spacious bathroom is on the first floor and has direct access to the back garden as well. Also on the first floor are a formal dining room, a connected 2-car garage and a private guest suite with kitchenette, an office, and a separate entrance. Upstairs are three bedrooms and two balconies, one overlooking the beautifully landscaped front yard and the second overlooking the private, oak-studded back yard. Continuing along the driveway and crossing the creek reveals the 1920's cottage in a grove of mature oak trees with a car port. Updated over the years, this 2,123 sqft cottage has a potential of three separate rentals or a large secondary home for offices, studios or guests. Additional features include bucolic views and frontage/direct access to Ojai's famed bike path. This remarkable property, in a nearly hidden, magical corner of downtown Ojai, has loads of potential and is an ideal canvas for a creative eye.