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Property profile & analytics
OFF-MARKET
Hotels

461 Central Ave Fillmore, CA 93015

32,720 SF 1.08 ac lot Built 1888
Property ID
US10-1448949
Property summary
AI-generated overview

Prime Ventura County investment opportunity: A beautifully appointed, historic mission-style building (32,720 sq ft) on nearly 1.08 acres in Fillmore, CA, is available for $5,950,000. Currently operating as a successful wedding venue under a triple-net lease with Wedgewood Weddings, projecting over 400 weddings in the next four years, this property offers significant upside potential. A portion of the building, totaling approximately 12,000 square feet, is adaptable for conversion into a 40-room boutique hotel, capitalizing on the existing wedding venue's built-in demand. The property boasts a 2,320 sq ft basement, suitable for a speakeasy, spa, or other amenity, and a 3,000 sq ft courtyard ideal for a pool. Built between 1888 and 1929, and renovated in 2021, this two-story landmark enjoys excellent visibility on a corner lot at Central Avenue and 1st Street. Its convenient location between Ventura and Santa Clarita, near the Fillmore & Western Railway ("The Movie Train"), and within walking distance of downtown Fillmore's restaurants, shops, parks, and historical museum, ensures strong appeal. The property is located along the Santa Clara River and State Highway 126, within an hour of Los Angeles and Santa Barbara. This fee-simple offering presents a unique blend of established income and significant development potential in a desirable Southern California location. The property features 40 keys.

Property profile
Verified
Property type Hotels
Year built 1888
Total area 32,720 SF
Lot 1.08 ac (47,045 SF)
APN 053-0-042-275
UPID US10-1448949
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
  • Fillmore Chapel Wedding Service
  • Andrango LLC Restaurant
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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