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    407a Bryant Cir Ojai, CA 93023

    For Sale
    $1,349,000

    Prime Ojai location, multi-tenant medical office.

    Property size:
    3,361 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 3,361 square foot medical office building in Ojai, California, presents a unique investment opportunity. Located at 407a Bryant Cir, 93023, this Class B property boasts a prime location within Ojai's designated "Funk Zone," a burgeoning area known for its pedestrian-friendly atmosphere and diverse businesses. Built in 2004 and renovated six years ago, the single-story building features four units, currently occupied by three tenants on month-to-month leases, offering flexibility for immediate occupancy or continued rental income. The property includes 16 parking spaces and a spacious 16,400 square foot lot, providing ample room for tenants and visitors. The asking price is $1,349,000, with a pro-forma NOI of $100,000. The property features four separate entrances, three restrooms, and outdoor patio areas. One unit includes an additional 230 square foot loft, ideal for storage or additional office space. Seller financing is available with 25% down. The property is zoned for business park use and offers significant potential for various uses, including medical/dental offices, day spas, restaurants, pet spas, or galleries. The previous owner explored plans to convert the property into live/work units, presenting another avenue for future development. The property can be delivered vacant or with existing tenants. The land value is $12 per square foot. All leases expire December 31, 2023.

    Property Features for 407a Bryant Cir

    General Information

    Property type
    Medical offices
    Square Feet
    3,361 SF
    Class
    B

    Building Details

    Year Built/Renovated
    2004/6
    Buildings
    1
    Stories
    1
    Units
    4

    HighLights

    • 3,361 SF medical office building in Ojai, CA's Funk Zone.
    • Located at 407a Bryant Cir, 93023.
    • Class B property, built in 2004, renovated 6 years ago.
    • Four units, three tenants on month‑to‑month leases; 16 parking spaces.
    • $1,349,000 asking price, $100,000 pro‑forma NOI; Seller financing available (25% down).
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical offices

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Ojai
    County
    Ventura
    State
    California
    Longitude
    -119.23799925134
    Latitude
    34.444533551494

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    FAQs

    What type of property is this?
    Medical office - Prime Ojai location, multi-tenant medical office.
    Where is this medical office located?
    The property is located at 407a Bryant Cir Ojai, CA.
    What is the asking price?
    The asking price for this property is $1,349,000.
    What are key features of this property?
    This property features: 3,361 SF medical office building in Ojai, CA's Funk Zone.; Located at 407a Bryant Cir, 93023.; Class B property, built in 2004, renovated 6 years ago.
    Request Owner's contact information
    407a Bryant Cir Ojai, CA 93023
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    Ojai, CA 93023
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    407a Bryant Cir Ojai, CA 93023
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