407a Bryant Cir Ojai, CA 93023
- Office Properties & Spaces
- 3,361 SF
Current Use by Public Records
- Office Properties & Spaces
Property Details for 407a Bryant Cir
- Year built
- 2004
- Property size
- 3,361 SF
- Property type
- Office Properties & Spaces
- Property subtype
- Medical offices
Description
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.
Value Estimation
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Location Insight
- Map
- Local Demand
- City
- Ojai
- County
- Ventura
- State
- California
- Longitude
- -119.238
- Latitude
- 34.4445
