NOT LISTED FOR SALE

111 Bald St Ojai, CA 93023

12 Beds
6 Baths
4,672 Sq Ft
0.41 Acres

Last Sold October 30, 2023

Last sale price $1,550,000 $332 Per Sq Ft

21 Days on Market

Highlights

  • 0.41 Acre Lot
  • Fenced
  • Heating System Uses Natural Gas
  • Cooling System Mounted To A Wall/Window

About This Home

As of October 2023

6 unit apartment building in Central Ojai. All 6 units have 2 bedrooms and 1 bath. It is situated on a 17,823 square foot lot. This complex is within walking distance of Downtown Ojai. Shopping, restaurants, and parks are all close by. Each unit has an unassigned parking space.

Last Agent to Sell the Property

Joe Virnig

RE/MAX Gold Coast REALTORS License #00933005 Listed on: 08/09/2023

RE/MAX Gold Coast REALTORS

Last Buyer's Agent

Dan Morelli

Dan Morelli Real Estate, Inc. License #00771345

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1961

Lot Details

  • 0.41 Acre Lot
  • Two or More Common Walls
  • Fenced
  • No Sprinklers

Home Design

  • 4,672 Sq Ft Home
  • Apartment

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 6 Bathrooms

Parking

  • 6 Parking Spaces
  • Parking Available
  • Assigned Parking

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Uses Natural Gas
  • Wall Furnace

Additional Features

  • Gas Range
  • Suburban Location

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Tract Number 9
  • Assessor Parcel Number 0230141330

Community Details

Overview

  • 2 Buildings
  • Ojai: Other Subdivision

Building Details

  • 6 Leased Units
  • Rent Control
  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $5,358
  • Professional Management Expense $7,310
  • Trash Expense $2,800
  • Water Sewer Expense $1,724
  • Operating Expense $61,696
  • Gross Income $114,000
  • Net Operating Income $42,737

Property Details

Home Type

Multi-Family

Year Built

Built in 1961

Lot Details

0

Listing Details

  • Assessments: No
  • Professional Management Expense: 7310.00
  • Property Attached: Yes
  • View: No
  • Water Sewer Expenses: 1724.00
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 0230141330
  • Year Built: 1961
  • Special Features: None

Interior Features

  • Fireplace: No
  • Common Walls: 2+ Common Walls
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 385.27

Exterior Features

  • Fence: Yes
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 6.00

Utilities

  • Sprinklers: No
  • Heating: Yes
  • Laundry: No
  • Appliances: Refrigerator, Gas Range
  • Heating Type: Wall Furnace, Natural Gas
  • Sewer: Public Sewer
  • Trash Expense: 2800.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Land Lease: No
  • Lot Features: Sprinklers None
  • Lot Size Sq Ft: 17823.00
  • Lot Size Acres: 0.4092

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average2 Bed Area: 778
  • Gross Income: 114000.00
  • Gross Scheduled Income: 114000.00
  • Insurance Expense: 5358.11
  • Lot Size Area: 17823.0000 Square Feet
  • Net Operating Income: 42737.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 6
  • Operating Expense: 61696.00
  • Rent Control: Yes
  • Total Expenses: 61696.00

Tax Info

  • Tax Tract Number: 9.02

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/30/2023 10/30/23 Sold $1,550,000 -13.9% $332 / Sq Ft
08/30/2023 08/30/23 Pending -- -- --
08/09/2023 08/09/23 For Sale $1,800,000 -- $385 / Sq Ft
Source: Ventura County Regional Data Share

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $23,950 $1,580,940 $459,000 $1,121,940
2024 $23,950 $1,550,000 $450,000 $1,100,000
2023 $11,081 $389,711 $156,626 $233,085
2022 $11,116 $382,070 $153,555 $228,515
2021 $10,993 $374,579 $150,544 $224,035
2020 $10,765 $370,740 $149,001 $221,739
2019 $10,525 $363,472 $146,080 $217,392
2018 $10,364 $356,346 $143,216 $213,130
2017 $10,247 $349,359 $140,408 $208,951
2016 $8,476 $342,509 $137,655 $204,854
2015 $8,369 $337,367 $135,589 $201,778
2014 $7,705 $330,760 $132,934 $197,826
Source: Public Records

Agents Affiliated with this Home

  • Joe Virnig

    Seller's Agent in 2023

    Joe Virnig

    RE/MAX

    (805) 644-5005

    2 in this area

    75 Total Sales

    Joe Virnig
    Section Image
  • Dan Morelli

    Buyer's Agent in 2023

    Dan Morelli

    Dan Morelli Real Estate, Inc.

    (805) 444-0717

    1 in this area

    18 Total Sales

    Dan Morelli
    Section Image
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Map

Source: Ventura County Regional Data Share

MLS Number: V1-19443

Ventura County Regional Data Share

APN: 023-0-141-330

California Ventura County Ojai 93023

111 Bald St, Ojai, CA

Not Listed for Sale

MultiFamily

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