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Apartments For Sale • 24,708 SF
| Generational Offering: First time on the market since the 1960s; long-term family ownership. |
| Expansive Land Holding: Two adjacent parcels combine for 2.75 acres in the heart of Ojai. |
| Significant Rent Upside: Current average rents of $1,890/unit trail market by ~32 percent, with pro forma NOI of $702,178 (8.12 percent cap rate). |
| ADU Expansion Potential: One studio ADU conversion available immediately (non-residential space). Up to 16 detached ADUs allowed under SB 1211 (2025). |
| Desirable Unit Mix: 20 × two-bed/one-bath (63 percent) and 11 × one-bed/one-bath (34 percent) units; average 772 SF. |
| Renovated Units Demonstrate Premiums: Granite countertops, stainless appliances, recessed lighting, upgraded baths in select units. |
Logan Ward
Marcus & Millichap
Logan Ward
Marcus & Millichap
