Property profile

205 Signal St Ojai, CA 93023

FOR SALE
Turn key restaurants
Property ID
US10-1037412
980 SF 0.27 ac lot Built 1946
Individually Owned 5-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 0.26-acre commercial property at 205 Signal Street, Ojai, CA, presents a unique investment opportunity. Currently housing a thriving hair salon with over 40 years of established business, this mixed-use zoned building offers immense flexibility. The 1,295,000 USD asking price reflects the property's prime location in downtown Ojai, directly across from Libbey Park and a block from the Post Office and Arcade. The building boasts a light and airy interior with large windows, high ceilings, and an open floor plan, creating a versatile space ideal for various uses. Existing features include a kitchen, a separate spa room, and a spacious half-bath easily adaptable for a full shower. The well-maintained exterior showcases beautiful landscaping with mature trees, a patio with a pergola, a covered porch, and ample parking. The building's excellent design and construction lend themselves to seamless conversion into a family residence, mixed living/office space, art studio, gallery, retail space, restaurant, or day spa. The possibilities are truly endless, making this a rare find in the desirable Ojai market. Its quiet location on the edge of a residential area offers both convenience and tranquility. This property is ready for a new chapter, whether continuing as a successful salon or transformed into a unique and thriving business or residence.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1946
Total area 980 SF
Lot 0.27 ac (11,761 SF)
Zoning code C1
APN 021-0-111-030
UPID US10-1037412

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
  • Parking Lot & Garage
  • Hair Salon
  • Cafe & Coffee Shop
  • Bar & Pub
  • Financial Advisor

Location

205 Signal St Ojai, CA 93023
Ojai metro Census 903 OXNARD-THOUSAND OAKS-VENTURA, CA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$415k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$380k

Owner & transaction history

since 2021
7 recorded transactions
2023
Price N/A
2021
$1.2M
2021
Price N/A
2021
Price N/A
2013
Price N/A
2005
$750,000
1969
Price N/A

Zoning & alternative use

C1 · 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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