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Property profile & analytics
OFF-MARKET
Estimated value
$2,440,000
Investment properties
216 Matilija St Ojai, CA 93023-2722
Individually Owned
Free & Clear
Property ID
US10-1056723
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1957
Total area
1,955 SF
Lot
0.18 ac (7,840 SF)
Zoning code
C1
APN
021-0-113-180
UPID
US10-1056723
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
-
Buena Eye Specialists: Chang Steven D MD Ophthalmologist
-
Buena Eye Specialists: Noblin Ronald MD Physician
-
Buena Eye Specialists Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.40M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.44M
Owner & transaction history
Nancy E Heffron
Nancy E Heffron
since 2025
Last sale
$2.5M
7 recorded transactions
Zoning & alternative use
C1 · 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
$2,400,000
ML approach
$2,400,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.44M
Range $2.20M – $2.68M · ±10% · vs last sale $2.48M (Dec 23 2025)
Last sale anchor
$2.48M
Dec 23 2025
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
$1,248 / 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
$10,448
Tax year 2023
Assessed value
$785,088
Assessed 2024
Previous assessed
$785,088
+0.0% YoY
Effective rate
1.33%
On assessed value
Assessed land
$339,586
Assessed improvement
$445,502
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1957
Heating
NONE
Total area
1,955 SF
Lot
0.18 ac (7,840 SF)
Zoning code
C1
APN
021-0-113-180
UPID
US10-1056723
Jurisdiction
VENTURA
Zoning & alternative use
C1 · Ojai, CA
Zoning C1 · permitted uses
C1 · 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
1957
Heating
NONE
Lot
0.18 ac
Current owner
From public records · entity-resolved
Nancy E Heffron
Individual
Free & Clear · 0 yrs held
Mailing address
216 E MATILIJA ST, OJAI, CA 93023-2722
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 23, 2025
$2,475,000
Nancy E Heffron
Magicurious LLC
Grant Deed
—
Oct 8, 2024
—
Magicurious LLC
Malcolm James Kutner III
Intrafamily Transfer
related
—
Feb 2, 2024
$2,400,000
Malcolm James Kutner III
216 Matilija LLC
Grant Deed
—
Feb 23, 2021
—
216 Matilija LLC
Brian O'neill
Quit Claim Deed
related
—
Jan 12, 2021
$570,000
Brian O'neill
Ojaieyes Property LLC
Grant Deed
—
Oct 8, 2019
—
Ojaieyes Property LLC
—
Deed
related
$195,000 · Us Bank NA
Jun 30, 2015
—
Ojaieyes Property LLC
Phelps Family Trust
Quit Claim Deed
—
Jun 30, 2015
$270,000
Ojaieyes Property LLC
Michael Joseph Jauregui
Grant Deed
$280,000 · Ojai Community Bank
Dec 7, 2005
—
Phelps Family Trust
Phelps,roger H
Quit Claim 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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