502 W Ojai Ave Ojai, CA 93023
Property Lookup
Property profile & analytics
502 W Ojai Ave Ojai, CA 93023
- Turn key restaurants
- 2,366 SF
- 0.58 lot acres
Property ID
US10-1451410
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- The Oaks 202 E Ojai Ave / Hotel & Motel
Property Details for 502 W Ojai Ave
- Year built
- 1992
- Lot size
- 0.58 lot acres
- Property size
- 2,366 SF
- Zone code
- BP
- Property type
- Turn key restaurants
- APN
- 020-0-181-080
- APU
- 200181080
Description
This exceptional redevelopment opportunity presents a vacant, iconic restaurant property situated on a half-acre lot in the heart of Ojai, California. Located at 502 W Ojai Ave, 93023, this property boasts a substantial footprint ranging from 2,300 to 3,800 square feet, offering significant potential for a variety of uses. The property is zoned Business/Professional (BP), providing flexibility for adaptive reuse. Ample parking is available with 30 spaces on-site, a significant advantage in this desirable location. The asking price is $1,995,000, reflecting a recent price reduction of $400,000, presenting a compelling investment opportunity for a buyer with vision. The property is currently vacant, allowing for immediate customization and renovation to suit the new owner's specific needs and concept. This prime location in Ventura County offers high visibility and accessibility, making it an ideal site for a thriving restaurant or other commercial venture. The seller is highly motivated, making this a truly exceptional opportunity to acquire a significant property in the vibrant Ojai market. Don't miss this chance to own a piece of Ojai's rich history and create a successful future.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- ML approach
- $490,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $825,000
Market price range: $491k - $826k -
Alternative Use
- Use
- Estimation
- NEIGHBORHOOD: SHOPPING CENTER
- $990,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Ojai
- County
- Ventura
- State
- California
- Longitude
- -119.252
- Latitude
- 34.4463
- CBSA code
- 37100
- CBSA name
- OXNARD-THOUSAND OAKS-VENTURA, CA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$26,258
$1,561,725
$500,864
$2,062,589
-
$0.00
$0.00
$0.00
