Property profile

108 S Montgomery St Ojai, CA 93023

FOR SALE
Office buildings
Property ID
US10-1481727
3,546 SF 0.55 ac lot Built 1975
Individually Owned 4-yr Hold ~ Est. High Equity
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For Sale
$2,099,000 3,546 SF
108 S Montgomery St, Ojai, CA 93023
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Property summary

AI-generated overview

This exceptional commercial property at 108 Montgomery Street in the heart of Ojai, California, presents a unique opportunity to acquire a thriving and well-established business. The 0.55-acre lot houses "Ojai Cafe' Emporium," a turnkey restaurant and bakery operation boasting a rich 34-year history in the community. The cafe enjoys a prime location, just steps away from Ojai's vibrant events and attractions, ensuring consistent foot traffic and high visibility. The business has cultivated a loyal following by providing a warm and welcoming atmosphere, serving high-quality, freshly prepared, and healthy breakfast and lunch options. A key differentiator is the adjoining bakery, which produces fresh pastries daily, adding another revenue stream and enhancing the overall customer experience. This is a rare chance to own a fully operational, profitable restaurant and bakery with a proven track record in a highly desirable location. The sale includes the established business, its equipment, and the commercial property itself, making this a complete and attractive investment opportunity. The property is ready for immediate operation, allowing for a seamless transition for the new owner. This is an ideal opportunity for an experienced restaurateur or a savvy investor seeking a turn-key operation in a thriving California town. The asking price is $2,099,000.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1975
Total area 3,546 SF
Lot 0.55 ac (23,783 SF)
Zoning code CR
APN 023-0-110-450
UPID US10-1481727

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
  • Grocery & Convenience Store Food Market
  • Home Health Care Service
  • County Government Office
  • Charitable Organization Social Service Agency
  • Charitable Organization Social Service Agency

Location

108 S Montgomery St Ojai, CA 93023
Ojai metro Census 902 OXNARD-THOUSAND OAKS-VENTURA, CA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$2.54M
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.98M
Blend (final) Blend
$2.41M

Owner & transaction history

since 2021
Last sale
$2.0M
7 recorded transactions
2021
$2.0M
2008
$1.4M
2005
$491,000
2004
Price N/A
1998
$495,000
1969
Price N/A
1969
Price N/A

Zoning & alternative use

CR · Ojai, CA
Top alternative use upside
Commercial (general) $2.0M +47.1%
Neighborhood: shopping center $1.5M +9.7%

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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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