Established Elderly Care
For Sale
Contact for pricing
301 North Montgomery Street, Ojai, CA 93023
Long-established elderly care facility in the heart of Ojai.
Property Size11,500 SF
Price / SF$521.74
Days on Market155
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Property Features for 301 North Montgomery Street
General Information
Standard status
Active
Size
11,500 SF
Property subtype
Senior Living
Investment Type
Owner/User
Building Details
Year Built
2018
Listing Agency:
Senior Care Real Estate Brokerage
Listed By:
Darius Porshab · License #00817058
Source:
Crexi
Added: May 14
Changed: Oct 13
Last Checked: Oct 14 at 11:50PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Senior Care Real Estate Brokerage
Investment Insights
Based on property information with market context.
This is a long-established facility for the elderly, situated in the heart of Ojai. The property has a size of 11500 square feet. For the marketing package, interested parties are instructed to contact the broker for the NDA.
Key Highlights
- Established facility for the elderly.
- Located in the heart of Ojai.
- Built in 2018.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$181,781
Cap Rate
3.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,635,620
$3.6M
Cap Rate 7%
$2,596,871
$2.6M
Cap Rate 9%
$2,019,789
$2.0M
Market Conditions
NOI Build-Up for 11,500 SF
Gross rent
$345.0K $30.00/SF
− Vacancy
−$14.5K −$1.26/SF
EGI
$330.5K $28.74/SF
− OpEx
−$148.7K −$12.93/SF
NOI
$181.8K $15.81/SF
Area
Ventura County, CA
Vacancy
4.20%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,635,620
Cap Rate 7%
$2,596,871
Cap Rate 9%
$2,019,789
Alternative Uses
Best Use
Apartment 5plus
$2.60M
$2.27M – $3.03M
NOI $181,781 @ 7.0% cap · market cap 3.03%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.95M
$3.45M – $4.61M
NOI $276,353 @ 7.0% cap · market cap 4.61%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,216
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 93023, CA
20,937
Population
9,310
Households
2.2
Avg Household Size
50
Median Age
41%
College-Educated
90%
High-School Grad
266.9 sq mi
ZIP Area
78
Density / Sq Mi
$82,298
Median Household Income
$42,389
Median Earnings
$1,831
Median Rent
$888,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Similar Off Market Nearby
- Gables of Ojai — 701 N Montgomery St, Ojai, CA 93023
Frequently Asked Questions
What type of property is this?
Senior housing / Retirement Home - Long-established elderly care facility in the heart of Ojai.
Where is this senior housing / retirement home located?
The property is located at 301 North Montgomery Street Ojai, CA.
What is the asking price?
The asking price for this property is $6,000,000.
What are key features of this property?
This property features: Established facility for the elderly.; Located in the heart of Ojai.; Built in 2018.
