108 Montgomery St, Ojai, CA 93023
- Office buildings
- 3,546 SF
- 0.55 lot acres
Current Use by Public Records
- Ojai Cafe Emporium / Grocery & Convenience Store / Food Market
- California Healthier Living / Home Health Care Service
- Little House Senior Center / County Government Office
- Help of Ojai Community Assistance Program / Charitable Organization / Social Service Agency
- Help of Ojai / Charitable Organization / Social Service Agency
Property Details for 108 Montgomery St
- Year built
- 1975
- Lot size
- 0.55 lot acres
- Zone code
- CR
- Property type
- Office buildings
- APN
- 023-0-110-450
- APU
- 230110450
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Sep 13, 2021 | $2,017,500 | Help Of Ojai | Applegate Investments LLC | Grant Deed | $800k · Pacific Western National Bank |
| Apr 18, 2008 | $1,400,000 | Applegate Investments LLC | Private Road Investments INC | Grant Deed | $1.4M · Private Road Invs INC |
| Apr 15, 2005 | $491,000 | Private Road Investments INC | Mccarthy D & B 2004 Trust | Grant Deed | — |
| May 28, 2004 | — | Mccarthy,tr | Mccarthy,david H & Barbara E | Quit Claim Deed · related | — |
| Sep 1, 1998 | $495,000 | David H Mccarthy | Wachtel Trust | Grant Deed | $470k · Seller |
| — | — | Wachter Trust | — | Deed Of Trust · related | $40k · Ojai Valley Bank |
| — | — | Fred L Wachter | — | Deed Of Trust · related | $250k · Ojai Valley Bank |
Description
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.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $2,410,000
- ML approach
- $2,540,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,977,000
- AI Estimate
- $1,363,000
Market price range: $807k - $1.98MMarket price range: $340k - $1.36M -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $1,355,000 Current use
- COMMERCIAL (GENERAL)
- $1,995,000 Change: +47% Conversion: Easy
- NEIGHBORHOOD: SHOPPING CENTER
- $1,485,000 Change: +10% Conversion: Difficult
- MEDICAL BUILDING
- $1,350,000 Change: -1% Conversion: Easy
- AUTO REPAIR, GARAGE
- $1,330,000 Change: -2% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Ojai
- County
- Ventura
- State
- California
- Longitude
- -119.243
- Latitude
- 34.4472
- CBSA code
- 37100
- CBSA name
- OXNARD-THOUSAND OAKS-VENTURA, CA METROPOLITAN STATISTICAL AREA
