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Property profile & analytics
OFF-MARKET
Estimated value
$555,000
Motels
1208 Ojai Ave Ojai, CA 93023-3015
Entity Owned
18-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-1035445
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1978
Lot
1.14 ac (49,658 SF)
Zoning code
BP
APN
028-0-072-310
UPID
US10-1035445
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
Current use
Occupant on record · Public records
-
Hummingbird Inn Hotel & Motel Bed & Breakfast
-
Libbey Bowl Music Venue Bar & Pub
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$555k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$555k
Owner & transaction history
Royal Elk INC · 18 yrs held
Royal Elk INC
since 2007
7 recorded transactions
Zoning & alternative use
BP · Ojai, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
by Request
ML approach
$555,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$555k
Range $500k – $611k · ±10%
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
—
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
$59,308
Tax year 2023
Assessed value
$4,444,100
Assessed 2024
Previous assessed
$4,444,100
+0.0% YoY
Effective rate
1.33%
On assessed value
Assessed land
$1,730,000
Assessed improvement
$2,714,100
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
1978
Heating
NONE
Rooms
2
Lot
1.14 ac (49,658 SF)
Zoning code
BP
APN
028-0-072-310
UPID
US10-1035445
Jurisdiction
VENTURA
Zoning & alternative use
BP · Ojai, CA
Zoning BP · permitted uses
BP · 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.
Building & site characteristics
From public records
Year built
1978
Heating
NONE
Rooms
2
Lot
1.14 ac
Current owner
From public records · entity-resolved
Royal Elk INC
Entity
Mailing address
1216 E OJAI AVE, OJAI, CA 93023-3015
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 1, 2017
—
Royal Elk INC
—
Deed
related
$2,000,000 · Bank Of The Sierra
Sep 19, 2007
$3,850,000
Royal Elk INC
Yu,chang S & Ok H
Grant Deed
—
Jul 2, 1999
$1,650,000
Dale R Armbruster
Los Padres Inn INC
Grant Deed
$1,280,000 · City Commerce Bank
Sep 23, 1993
$910,000
Michael L Andrade
Mechanics Nation
Grant Deed
$710,000 · Mechanics National Bank
May 17, 1993
$515,550
Mechanics National Bank
Hwang,chi D & So
Trustees Deed
related
—
—
—
Chang S Yu
—
Deed Of Trust
related
$1,650,000 · Goleta National Bank
—
—
Royal Elk INC
—
Deed Of Trust
related
$2,000,000 · Bank Of The Sierra
—
—
Chang S Yu
—
Deed Of Trust
related
$1,800,000 · Hanmi Bank
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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