Oak Creek Estate 11358 Creek Rd 2,431 SF 100% Leased Flex Building Ojai, CA 93023 $2,495,000 ($1,026.33/SF) 4.01% Cap Rate

BOUTIQUE RESORT POTENTIAL Rarely does a property combine luxury living, proven income production, and meaningful long-term appreciation in one of Southern California's most desirable markets. Ojai Creekside Retreat offers approximately 2500 sq. ft.of total living space with 4 BR/4BA on 3 levels. The ground level contains a permitted, profitable 1BR/1BA Airbnb unit with an established rental history, as well as a newly-permitted Jr. ADU unit suitable for 30-day furnished rentals or longer. The owner-user main living levels comprise the perfect executive retreat, with 2BR/2BA in approx.1800 sq. ft. of luxurious living space. But even when you can't get away to enjoy it, you'll rest assured that income from the two rental units is flowing into your pocket. The creekside estate is situated on 2.81 private acres just minutes from the Ojai village and the world-famous Ojai Valley Inn & Spa, surrounded by approx.400 acres of protected land. There is even a private artesian well for long-term sustainability..
PROVEN INCOME WITH SIGNIFICANT UPSIDE. The property currently operates under the Ventura County Home Share Ordinance, with an established history of satisfied guests and significant income. The sale may include the operating short-term rental business known as "Ojai Creek House" with the following assets: Website and online presence, Airbnb listing and reviews, Furnishings and appliances, Guest database, Operations systems, Optional transition consulting.
Present owners occupy the property as their primary residence, often reserving the Airbnb space for family and friends. Even so, it produces a 65% occupancy rate and net annual income of $60,000. A more profit-oriented approach would be likely to increase the occupancy rate significantly. Check out our Airbnb listing at airbnb.com/h/oakcreekhouse for a full description of amenities. With the addition of the Jr. ADU and more Airbnb rental availability, the property is projected to generate $100,000 or more in gross annual income. Buyers should verify their own projections and applicable regulations.
This incredible property is more than a luxury residence. It's a turnkey lifestyle investment that pays you back in more ways than one.