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Property profile & analytics
FOR SALE
Commercial land

1202 E Ojai Ave Ojai, CA 93023

16,264 SF 1.64 ac lot Built 1961
Individually Owned 10-yr Hold Free & Clear
Property ID
US10-1469796
1202 E Ojai Ave, Ojai, CA 93023 For Sale
$2,995,000 16,264 SF
1202 E Ojai Ave, Ojai, CA 93023
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Property summary
AI-generated overview

This exceptional 1.65-acre property in Ojai, California, presents a significant redevelopment opportunity. Located at 1202 E Ojai Ave, 93023, this 16,000 square foot site is the largest available in Ojai. Previously home to Topa Lanes bowling alley, the property offers immense potential for a variety of uses, including but not limited to: club, restaurant, health/fitness center, indoor amusement/entertainment venue, museum, school, department store, pharmacy, grocery store, bank, hotel/motel, clinic, offices, storage facilities, studios, or parking. The property features a single, one-story building and ample parking for 50 vehicles. The asking price is $2,995,000, translating to $187.19 per square foot. This is a unique chance to capitalize on the vibrant Ojai market and create a landmark destination. The property's size and versatility make it ideal for a large-scale project or a mixed-use development. Invest in Ojai's future with this exceptional redevelopment opportunity. Ventura County location offers strong potential for a variety of commercial ventures.

Property profile
Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Year built 1961
Total area 16,264 SF
Lot 1.64 ac (71,438 SF)
Zoning code BP
APN 028-0-073-010
UPID US10-1469796
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
by Request
CAP Approach CAP
$3.14M
Comparable Approach Comparable
$3.67M
Blend (final) Blend
$2.90M
Owner & transaction history
Alicia T Bazzano · 10 yrs held
Alicia T Bazzano
since 2016
5 recorded transactions
2016
Price N/A
2016
$990,000
2014
Price N/A
2000
$500,000
1990
$510,000
Zoning & alternative use
BP · Ojai, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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