Mixed-Use Creative Venue
616 Pearl Street Ojai, CA 93023
616 Pearl Street, Ojai, CA, 93023
$1,095,000
Pending
For Sale
$1,095,000
Pending
Property includes two office spaces, a warehouse, and an event/performance venue known as Ojai Underground.
Property Size3,575 SF
Days on Market83
Property Features for 616 Pearl Street
General Information
- Standard status
- Pending
- Size
- 3,575 SF
- Property subtype
- Commercial Sale / Mixed Use
Building Details
- Year Built
- 1984
Listing agency
Keller Williams Santa Barbara
(805) 794-7458
Listed by
Tonya Peralta · License #01862743
(805) 794-7458
Source
Compass
Added: Apr 30 Updated: Jul 21 at 5:53PM Checked: Jul 21 at 5:53PM
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 Keller Williams Santa Barbara
Investment Insights
Based on property information with market context.
Located at 616 Pearl Street in Ojai, this mixed-use commercial property combines two office spaces with a warehouse and an event venue/performance space. At the center of the offering is the Ojai Underground, described as an intimate performance space for live music and theater.
The layout is presented as flexible for a range of uses, with the office and warehouse components supporting business operations alongside the event venue. The property is positioned near restaurants, shops, and daily amenities.
For sale as a single asset, the configuration brings together office, warehouse, and entertainment/event uses within one property in Ojai.
The layout is presented as flexible for a range of uses, with the office and warehouse components supporting business operations alongside the event venue. The property is positioned near restaurants, shops, and daily amenities.
For sale as a single asset, the configuration brings together office, warehouse, and entertainment/event uses within one property in Ojai.
Key Highlights
- Commercial property with event/performance venue known as Ojai Underground
- Includes two office spaces plus a warehouse, supporting multiple use types
- Year built: 1984
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $94.4k | $26.40 |
| − Vacancy | −$10.0k | −$2.80 |
| EGI | $84.4k | $23.60 |
| − OpEx | −$21.1k | −$5.90 |
| NOI | $63.3k | $17.70 |
3,575 SF · lease $26.40/SF/yr · vacancy 10.60% · expense 25.00%
Alternative Uses
Best Use
Office B
$904.0K
$791.0K – $1.05M
NOI $63,282 @ 7.0% cap · market cap 5.78%
Second Best
Mixed Use
$641.2K
$561.1K – $748.1K
NOI $44,884 @ 7.0% cap · market cap 4.10%
Theoretical Best
Office A
$1.23M
$1.07M – $1.43M
NOI $85,910 @ 7.0% cap · market cap 7.85%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Square Productions
Advertising Agency
U-verse
Telecommunications Service
wrkprty @ Desk Yogi
Coworking & Hybrid Office
Ojai Underground Exchange
Hotel & Motel
Similar For Sale Nearby
FAQs
What type of property is this?
Theater & concert hall - Property includes two office spaces, a warehouse, and an event/performance venue known as Ojai Underground.
Where is this theater & concert hall located?
The property is located at 616 Pearl Street Ojai, CA.
What is the asking price?
The asking price for this property is $1,095,000.
What are key features of this property?
This property features: Commercial property with event/performance venue known as Ojai Underground; Includes two office spaces plus a warehouse, supporting multiple use types; Year built: 1984
