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    203 Montgomery St Ojai, CA 93023

    For Sale
    $1,099,000

    Luxury Ojai townhome, mixed-use potential.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    309
    Nestled in the heart of Ojai's vibrant downtown, this exceptional 3-bedroom, 3-bathroom townhome offers a unique blend of luxurious living and commercial opportunity. Designed by award-winning architect Marc Whitman, this spacious residence is one of the largest in the coveted Los Arboles enclave. Enjoy easy access to Libbey Bowl & Park, art galleries, wineries, boutiques, restaurants, tennis courts, and scenic walking and biking paths. The home features bright, natural light throughout, with a chef's dream kitchen, blissful dining and living spaces, and inspiring outdoor living areas perfect for entertaining. The downstairs includes a cozy fireplace, a private patio, and a guest suite, ideal for accommodating family and guests. Upstairs, you'll find a second ensuite bedroom and a sunlit office. The property's significant advantage lies in its Village-Mixed-Use Residential/Commercial zoning. Currently operating as a thriving art studio owned by a renowned Ojai artist, the street-facing commercial space presents a remarkable opportunity for continued success or a change in use. This property offers a rare combination of upscale residential living and prime commercial potential in a highly desirable Ojai location. The 0.06-acre lot provides ample space for outdoor enjoyment. This is a truly remarkable opportunity to own a piece of Ojai's vibrant downtown.

    Property Features for 203 Montgomery St

    General Information

    Property type
    Other commercial real estate
    Lot Size
    2,614 SF

    Building Details

    Year Built
    2004
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Ray Harding Fine ... Art Gallery

    Suggested Use

    Realty agency Law Firm Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Ojai
    County
    Ventura
    State
    California
    Longitude
    -119.2437
    Latitude
    34.44645

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    FAQs

    What type of property is this?
    Commercial real estate - Luxury Ojai townhome, mixed-use potential.
    Where is this commercial real estate located?
    The property is located at 203 Montgomery St Ojai, CA.
    What is the asking price?
    The asking price for this property is $1,099,000.
    (805) 677-7300
    Request Owner's contact information
    203 Montgomery St Ojai, CA 93023
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    Ojai, CA 93023
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    203 Montgomery St Ojai, CA 93023
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