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248 Old Grade Rd - Live/Work Development Potential
1.73 Acres of Commercial Land Offered at £1,488,270 in Oak View, CA 93022
Investment Highlights
- Proximity to Highway and Downtown Ojai
- Tidy Rentals
- Large lot
Executive Summary
Financial Summary (Pro forma - 2024) |
Annual | Annual Per AC |
|---|---|---|
| Gross Rental Income |
£51,698
|
£29,883.12
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
£51,698
|
£29,883.12
|
| Taxes |
£18,799
|
£10,866.59
|
| Operating Expenses |
£7,833
|
£4,527.75
|
| Total Expenses |
£26,632
|
£15,394.33
|
| Net Operating Income |
£25,066
|
£14,488.79
|
Financial Summary (Pro forma - 2024)
| Gross Rental Income | |
|---|---|
| Annual | £51,698 |
| Annual Per AC | £29,883.12 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Effective Gross Income | |
|---|---|
| Annual | £51,698 |
| Annual Per AC | £29,883.12 |
| Taxes | |
|---|---|
| Annual | £18,799 |
| Annual Per AC | £10,866.59 |
| Operating Expenses | |
|---|---|
| Annual | £7,833 |
| Annual Per AC | £4,527.75 |
| Total Expenses | |
|---|---|
| Annual | £26,632 |
| Annual Per AC | £15,394.33 |
| Net Operating Income | |
|---|---|
| Annual | £25,066 |
| Annual Per AC | £14,488.79 |
Property Facts
| Price | £1,488,270 | Property Subtype | Commercial |
| Sale Type | Investment or Owner User | Proposed Use | Commercial |
| No. Lots | 1 | Total Lot Size | 1.73 AC |
| Property Type | Land |
| Price | £1,488,270 |
| Sale Type | Investment or Owner User |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Commercial |
| Total Lot Size | 1.73 AC |
1 Lot Available
Lot
| Price | £1,488,270 | Lot Size | 1.73 AC |
| Price Per AC | £860,272 |
| Price | £1,488,270 |
| Price Per AC | £860,272 |
| Lot Size | 1.73 AC |
Level 1.73 acre lot which can be used for both residential and business use.
Description
Fantastic opportunity to own two homes and an approx. 1300sqft workshop on almost two acres in the Ojai Valley! Unit A is 1 bed, 1 bath and Unit B is 2 bed, 1 bath. The workshop has huge loading doors, loft storage and a 1/4 bath. The commercial zoning (CPD) allows for both residential and business use, including the potential for developments that incorporate live/work opportunities or multi-family housing. Very rare to find such a large parcel with proximity to a major thoroughfare, offering amazing development potential as well as the possibility of immediate rental income. Make an appointment to visit this rare find, soon!
PROPERTY TAXES
| Parcel Number | 034-0-102-160 | Total Assessment | £164,255 (2023) |
| Land Assessment | £93,900 (2023) | Annual Taxes | £18,799 |
| Improvements Assessment | £70,354 (2023) | Tax Year | 2024 |
PROPERTY TAXES
zoning
| Zoning Code | CPD (The purpose of this zone is to encourage the development of coordinated, innovative and efficient commercial sites and to provide areas for a wide ran) |
| CPD (The purpose of this zone is to encourage the development of coordinated, innovative and efficient commercial sites and to provide areas for a wide ran) |
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248 Old Grade Rd - Live/Work Development Potential
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