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Property profile & analytics
OFF-MARKET
Estimated value
$1,610,000
Apartment buildings
109 Bald St Ojai, CA 93023-3332
Entity Owned
2-yr Hold
Free & Clear
Property ID
US10-1479801
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1961
Total area
4,672 SF
Lot
0.4 ac (17,424 SF)
Zoning code
M1
APN
023-0-141-330
UPID
US10-1479801
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.72M
CAP Approach
CAP
$1.14M
Comparable Approach
Comparable
$1.95M
Blend (final)
Blend
$1.61M
Owner & transaction history
Ventura County Real Estate LLC · 2 yrs held
Ventura County Real Estate LLC
since 2023
Last sale
$1.6M
4 recorded transactions
Zoning & alternative use
M1 · Ojai, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.6M
+93.9%
Neighborhood: shopping center
$2.0M
+44.5%
Office building
$1.8M
+31.8%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Ojai submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ojai submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$1,630,000
ML approach
$1,715,000
CAP Approach
CAP Return
Estimation
6%
$1,230,000
6.5%
$1,135,000
7%
$1,055,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,355,000
Current use
COMMERCIAL (GENERAL)
$2,625,000
Change: +94% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$1,960,000
Change: +45% · Conversion: Difficult
OFFICE BUILDING
$1,785,000
Change: +32% · Conversion: Moderate
MEDICAL BUILDING
$1,775,000
Change: +31% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,750,000
Change: +29% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,360,000
Change: +0% · Conversion: Difficult
Blend value · Realmo final
$1.61M
Range $1.45M – $1.77M · ±10% · vs last sale $1.55M (Oct 30 2023)
Last sale anchor
$1.55M
Oct 30 2023
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$345 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$11,081
Tax year 2023
Assessed value
$1,550,000
Assessed 2024
Previous assessed
$389,711
+297.7% YoY
Effective rate
0.71%
On assessed value
Assessed land
$450,000
Assessed improvement
$1,100,000
Applied tax rate
2.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1961
Heating
NONE
Total area
4,672 SF
Lot
0.4 ac (17,424 SF)
Zoning code
M1
APN
023-0-141-330
UPID
US10-1479801
Jurisdiction
VENTURA
Zoning & alternative use
M1 · Ojai, CA
Zoning M1 · permitted uses
M1 · Ojai, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Ojai. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$1.4M
COMMERCIAL (GENERAL)
Est. value
$2.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.0M
OFFICE BUILDING
Est. value
$1.8M
MEDICAL BUILDING
Est. value
$1.8M
AUTO REPAIR, GARAGE
Est. value
$1.8M
WAREHOUSE, STORAGE
Est. value
$1.4M
APARTMENT HOUSE (5+ UNITS) Current
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
MEDICAL BUILDING
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1961
Heating
NONE
Lot
0.4 ac
Current owner
From public records · entity-resolved
Ventura County Real Estate LLC
Entity
Free & Clear · 2 yrs held
Mailing address
PO BOX 6471, VENTURA, CA 93006-6471
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 30, 2023
$1,550,000
Ventura County Real Estate LLC
Phyllis M White
Grant Deed
—
Mar 16, 2020
—
White,william C Trust
William C White
Affidavit Of Death
related
—
Nov 20, 2003
—
White,tr
White,william C
Quit Claim Deed
related
—
Jun 27, 1988
—
Cathleen Lack
White
Grant Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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