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Property profile & analytics
OFF-MARKET
Estimated value
$4,230,000
Apartment buildings
301 Signal St Ojai, CA 93023-2655
Individually Owned
5-yr Hold
~
Est. High Equity
Property ID
US10-1480746
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1961
Total area
9,540 SF
Lot
0.34 ac (14,810 SF)
Zoning code
R3
APN
021-0-072-060
UPID
US10-1480746
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
-
Bellissimo Salon Hair Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.71M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.14M
Blend (final)
Blend
$4.23M
Owner & transaction history
Linda J Lemmon · 5 yrs held
Linda J Lemmon
since 2021
Last sale
$3.9M
6 recorded transactions
Zoning & alternative use
R3 · Ojai, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$5.4M
+93.9%
Restaurant
$4.6M
+66.7%
Neighborhood: shopping center
$4.0M
+44.5%
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
$4,600,000
ML approach
$4,705,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$2,765,000
Current use
COMMERCIAL (GENERAL)
$5,365,000
Change: +94% · Conversion: Moderate
RESTAURANT
$4,610,000
Change: +67% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$4,000,000
Change: +45% · Conversion: Difficult
OFFICE BUILDING
$3,645,000
Change: +32% · Conversion: Moderate
MEDICAL BUILDING
$3,630,000
Change: +31% · Conversion: Moderate
AUTO REPAIR, GARAGE
$3,575,000
Change: +29% · Conversion: Difficult
WAREHOUSE, STORAGE
$2,775,000
Change: +0% · Conversion: Difficult
Blend value · Realmo final
$4.23M
Range $3.81M – $4.65M · ±10% · vs last sale $3.85M (Apr 7 2021)
Last sale anchor
$3.85M
Apr 7 2021
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
$443 / 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
$61,510
Tax year 2023
Assessed value
$4,077,160
Assessed 2024
Previous assessed
$3,997,216
+2.0% YoY
Effective rate
1.51%
On assessed value
Assessed land
$1,358,346
Assessed improvement
$2,718,814
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
9,540 SF
Lot
0.34 ac (14,810 SF)
Zoning code
R3
APN
021-0-072-060
UPID
US10-1480746
Jurisdiction
VENTURA
Zoning & alternative use
R3 · Ojai, CAZoning R3 · permitted uses
R3 · Ojai, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$2.8M
COMMERCIAL (GENERAL)
Est. value
$5.4M
RESTAURANT
Est. value
$4.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.0M
OFFICE BUILDING
Est. value
$3.6M
MEDICAL BUILDING
Est. value
$3.6M
AUTO REPAIR, GARAGE
Est. value
$3.6M
WAREHOUSE, STORAGE
Est. value
$2.8M
APARTMENT HOUSE (5+ UNITS) Current
COMMERCIAL (GENERAL)
RESTAURANT
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
0.34 ac
Current owner
From public records · entity-resolved
Linda J Lemmon
Individual
Mailing address
216 E EUCALYPTUS ST, OJAI, CA 93023-2707
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 7, 2021
$3,850,000
Linda J Lemmon
Resort Apartments Two LLC
Grant Deed
—
May 1, 2019
—
Resort Apartments Two LLC
—
Deed
related
$1,930,000 · Jpmorgan Chase Bank NA
Apr 6, 2017
$2,730,000
Resort Apartments Two LLC
Casa Loma Properties LLC
Grant Deed
$1,390,000 · Jpmorgan Chase Bank NA
May 14, 2008
$1,892,500
Casa Loma Properties LLC
Edwards,crandall S & Doreen J
Grant Deed
$1,230,125 · First Republic Bank
Jun 7, 2000
$1,200,000
Crandall S Edwards
Roper Trust
Grant Deed
$511,559 · Seller
Oct 6, 1997
$775,000
Richard D Roper
Dalmatoff Trust
Grant Deed
$525,000 · Seller
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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