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Property profile & analytics
OFF-MARKET Estimated value $1,250,000
Office buildings

338 Ojai Ave Ojai, CA 93023-2739

1,715 SF 0.08 ac lot Built 1972
Entity Owned 1-yr Hold Free & Clear
Property ID
US10-1027105
Property summary
AI-generated overview

This exceptional 1,715 square foot retail space is situated in the vibrant heart of Downtown Ojai, directly next to the Arcade. Currently undergoing a significant remodel, this single-tenant property will boast an updated ADA-compliant restroom, a brand new HVAC system, and an improved, open floor plan designed to maximize functionality and appeal. Its prime location offers unparalleled visibility and accessibility, placing it within easy reach of a thriving community of residents and tourists. The surrounding area is rich with amenities, including numerous restaurants, a theatre, the picturesque Libbey Park and Bowl, art galleries, and a variety of shops. This versatile space presents a fantastic opportunity for a wide range of retail businesses, from art galleries and design studios to restaurants and specialty shops. The ongoing remodel ensures a modern and efficient space ready for immediate occupancy upon completion. The property's location within the bustling Downtown Ojai area guarantees high foot traffic and significant exposure to a desirable demographic. This is an exceptional chance to establish a presence in one of Ventura County's most sought-after retail locations.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1972
Total area 1,715 SF
Lot 0.08 ac (3,484 SF)
Zoning code C1
APN 021-0-140-150
UPID US10-1027105
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
  • Skin & Body Therapy Medical Clinic Skin Care Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$1.25M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.25M
Owner & transaction history
Shanks Investment Group LLC · 1 yrs held
Shanks Investment Group LLC
since 2024
Last sale
$1.3M
2 recorded transactions
2024
$1.3M
1996
$185,000
Zoning & alternative use
C1 · Ojai, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general) $965,000 +47.1%
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