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Property profile & analytics
OFF-MARKET
Estimated value
$4,010,000
Apartment buildings
601 Grand Ave Ojai, CA 93023-2857
Individually Owned
~
Est. High Equity
Property ID
US10-1474532
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1963
Total area
14,812 SF
Lot
1.86 ac (81,021 SF)
Zoning code
MULT
APN
022-0-090-450
UPID
US10-1474532
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
-
Teresa Jayne Holistic Healer Gym & Fitness Center Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.60M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.01M
Owner & transaction history
William B Kennedy And Terry E Kenne
William B Kennedy And Terry E Kenne
since 2025
Last sale
$4.5M
4 recorded transactions
Zoning & alternative use
MULT · Ojai, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$6.2M
+44.5%
Office building
$5.7M
+31.8%
Medical building
$5.6M
+31.2%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$3,900,000
6.5%
$3,600,000
7%
$3,345,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$4,295,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$6,205,000
Change: +45% · Conversion: Difficult
OFFICE BUILDING
$5,660,000
Change: +32% · Conversion: Moderate
MEDICAL BUILDING
$5,635,000
Change: +31% · Conversion: Moderate
AUTO REPAIR, GARAGE
$5,550,000
Change: +29% · Conversion: Difficult
WAREHOUSE, STORAGE
$4,305,000
Change: +0% · Conversion: Difficult
Blend value · Realmo final
$4.01M
Range $3.61M – $4.41M · ±10% · vs last sale $4.46M (Dec 23 2025)
Last sale anchor
$4.46M
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
$271 / 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
$11,410
Tax year 2023
Assessed value
$4,889,556
Assessed 2024
Previous assessed
$395,650
+1,135.8% YoY
Effective rate
0.23%
On assessed value
Assessed land
$1,331,712
Assessed improvement
$3,557,844
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
1963
Heating
NONE
Total area
14,812 SF
Lot
1.86 ac (81,021 SF)
Zoning code
MULT
APN
022-0-090-450
UPID
US10-1474532
Jurisdiction
VENTURA
Zoning & alternative use
MULT · Ojai, CAZoning MULT · permitted uses
MULT · 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
$4.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$6.2M
OFFICE BUILDING
Est. value
$5.7M
MEDICAL BUILDING
Est. value
$5.6M
AUTO REPAIR, GARAGE
Est. value
$5.6M
WAREHOUSE, STORAGE
Est. value
$4.3M
APARTMENT HOUSE (5+ UNITS) Current
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
1963
Heating
NONE
Lot
1.86 ac
Current owner
From public records · entity-resolved
William B Kennedy And Terry E Kenne
Individual
Mailing address
9827 PO BOX 4448TH AVE, CHATSWORTH, CA 91313-4448
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 23, 2025
$4,455,000
William B Kennedy And Terry E Kenne
Stevens Family Trust
Grant Deed
$2,125,000 · The Stevens Family Trust
Nov 7, 2016
—
Stevens Family Trust
Stevens Family Trust
Quit Claim Deed
related
—
Oct 21, 1993
—
Phillip Stevens
Stevens Trust
Quit Claim Deed
related
$330,000 · Fidelity Federal Bank
—
—
Tamara L Crm
—
Deed Of Trust
related
$15,000 · Household Finance Corp Ca
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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