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Key Details
Sold Price $1,204,125
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 7,363 sqft
Price per Sqft $163
Subdivision Not Applicable - 1007242
MLS Listing ID 219012441
Sold Date 03/20/20
HOA Y/N No
Year Built 1962
Lot Size 0.789 Acres
Property Description
Rare opportunity to purchase investment property that is well established. Great for a 1031 exchange.The Gross income is approx. $116,880.00 with built-in annual increase per leases. With an approx. 5.94% return on your investment. Gateway Shopping Plaza is located at the main entrance to the Ojai Valley, with direct access off the main road. Gateway Plaza is so fitting since it is central located for locals and new comers to enjoy. With the 5 rentals 4 have been long term residents. . Previously know as the Purple Wagon Square. Which as history has it Sheb Wooley, Johnny Cash and an acquaintance who was a real estate developer. Together they built the Purple Wagon Mail in Oak View, named for Sheb's runaway bestselling purple song Flying, Purple People-Eater. As you enter to this Plaza you pass the near by Post office and Bank. Go to the Large parking lot, 100% occupied per seller. Current owner is retiring.
Location
State CA
County Ventura
Area Vc11 - Ojai
Zoning CPD
Interior
Fireplace No
Exterior
Utilities Available Natural Gas Available
Building
Lot Description Close to Clubhouse
Story 1
Water Public
Others
Tax ID 0340141355
Acceptable Financing Cash, Cash to New Loan, Conventional, Owner Will Carry, Submit
Listing Terms Cash, Cash to New Loan, Conventional, Owner Will Carry, Submit
Financing Cash
Special Listing Condition Standard
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Bought with PFNon-Member Default • NON MEMBER
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