Investment Overview

Marcus & Millichap is pleased to present exclusively for sale 402 W Ojai Avenue, a rare opportunity to acquire a core-plus, multi-tenant commercial asset in the heart of Downtown Ojai—one of Southern California’s most supply-constrained and lifestyle-driven markets. Strategically positioned along Route 33, the property benefits from constant drive-by exposure as the primary artery connecting Downtown Ojai to the broader Ventura County region. The ±8,371 SF building sits on a generous ±25,264 SF lot and is anchored by Bank of the Sierra, a long-standing regional financial institution operating under a NNN lease. The bank’s presence provides stability, predictable cash flow, and reduced operating expense exposure, while the remaining tenants offer flexibility and upside through lease restructuring and market rent adjustments. With over 25 surface parking spaces and an existing drive-thru facility, the property offers functionality that is increasingly difficult to replicate in Downtown Ojai’s walkable, boutique environment. These physical attributes enhance tenant retention, broaden potential uses, and support long-term competitiveness.