Property profile

457 E Ojai Ave Ojai, CA 93023

FOR SALE
Commercial real estate
Property ID
US10-1047306
5,619 SF 0.17 ac lot Built 1970
Entity Owned 4-yr Hold ~ Est. High Equity
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For Sale
Contact for pricing 5,619 SF
457 E Ojai Ave, Ojai, CA 93023
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Property summary

AI-generated overview

This exceptional 0.17-acre commercial lot, located at 457 Ojai Avenue in the charming town of Ojai, California, presents a unique investment opportunity. Priced at $2,450,000, this property is zoned for general commercial use, offering a wide range of development possibilities for discerning entrepreneurs. The site's strategic location within Ojai provides excellent visibility and accessibility, making it ideal for a variety of businesses. The 0.17-acre parcel offers ample space for construction, allowing for the creation of a substantial building to suit specific business needs. Ojai's thriving economy and its reputation as a desirable destination for both residents and tourists create a strong foundation for a successful commercial venture. The property's potential is further enhanced by its proximity to local amenities, including shops, restaurants, and other businesses, ensuring high foot traffic and customer accessibility. This is a rare opportunity to acquire a prime commercial lot in a highly sought-after location, offering significant potential for long-term growth and profitability. The property is ready for development, presenting a blank canvas for a visionary entrepreneur to create a thriving business in the heart of Ojai. Serious inquiries are encouraged to explore the possibilities this exceptional property offers. The property is sold as-is.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1970
Total area 5,619 SF
Lot 0.17 ac (7,405 SF)
Zoning code MULT
APN 023-0-110-400
UPID US10-1047306

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant

Location

457 E Ojai Ave Ojai, CA 93023
Ojai metro Census 902 OXNARD-THOUSAND OAKS-VENTURA, CA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$2.30M
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.54M
Blend (final) Blend
$2.27M

Owner & transaction history

since 2021
Last sale
$1.9M
7 recorded transactions
2025
Price N/A
2021
$1.9M
2018
Price N/A
2010
Price N/A
2009
Price N/A
2009
Price N/A
2005
Price N/A

Zoning & alternative use

MULT · Ojai, CA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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