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Property profile & analytics
OFF-MARKET
Estimated value
$570,000
Motels
615 Ojai Ave Ojai, CA 93023-3724
Trust Owned
9-yr Hold
~
Est. High Equity
Property ID
US10-1045995
Property profile
Verified
Property type
Motels
Use group
MOTEL
Lot
1.12 ac (48,787 SF)
Zoning code
BP
APN
023-0-030-040
UPID
US10-1045995
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
-
Chief's Peak Bar & Pub
-
Ojai Rancho Inn Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$570k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$570k
Owner & transaction history
Los,angeles Trust · 9 yrs held
Los,angeles Trust
since 2016
7 recorded transactions
Zoning & alternative use
BP · Ojai, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$570,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$570k
Range $513k – $627k · ±10%
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
—
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
$45,898
Tax year 2023
Assessed value
$3,062,895
Assessed 2024
Previous assessed
$2,688,000
+13.9% YoY
Effective rate
1.50%
On assessed value
Assessed land
$2,119,657
Assessed improvement
$943,238
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
Motels
Use group
MOTEL
Status
Off-Market
Heating
NONE
Lot
1.12 ac (48,787 SF)
Zoning code
BP
APN
023-0-030-040
UPID
US10-1045995
Jurisdiction
VENTURA
Zoning & alternative use
BP · Ojai, CA
Zoning BP · permitted uses
BP · Ojai, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Ojai. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
NONE
Lot
1.12 ac
Current owner
From public records · entity-resolved
Los,angeles Trust
Trust
Mailing address
1216 E OJAI AVE, OJAI, CA 93023-3015
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 11, 2017
—
Steve Edelson
—
Deed
related
$250,000 · Ojai Community Bank
Nov 15, 2016
—
Los,angeles Trust
Edelson,steve
Quit Claim Deed
related
—
Sep 10, 2008
—
Steve Edelson
—
Deed Of Trust
related
$1,145,000 · Ojai Community Bank
Feb 11, 2008
$2,450,000
Steve Edelson
Ojai Rancho Inn LLC
Grant Deed
—
Jan 10, 2006
$2,000,000
Ojai Rancho Inn LLC
Yu,chang S
Grant Deed
$1,200,000 · Ojai Community Bank
Sep 16, 2003
$1,680,000
Chang S Yu
Spears,john P
Grant Deed
$1,344,000 · Coast National Bank
Feb 3, 2000
$1,040,000
Rose Garden Inn Of Ojai LLC
Oei Trust
Grant Deed
$500,000 · Mid State Bank
Aug 23, 1988
—
Oei Trust
Oei
Quit Claim Deed
related
—
—
—
Steve Edelson
—
Deed Of Trust
related
$1,400,000 · Ojai Community Bank
—
—
Rosa Garden Inn Ojai LLC
—
Deed Of Trust
related
$850,000 · Business First National Bank
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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