Updated Oct 29, 2024
Blue Bottle Coffee Founder's Ojai Estate Sold For $18M To Florida Buyers
700 San Antonio St Ojai, CA 93023, USA
$18,000,000
$2,250/SF
Building Size
8,000 SF
Asset Type
Single Family Residence
Closing
Jul 11, 2023
About this deal
AI
A 41.29-acre estate in Ojai, California has been sold by Blue Bottle Coffee founder, James Freeman, and his wife Caitlin Williams Freeman for $18 million. The property, located at 700 San Antonio Street, attracted buyers from Florida-based Westways Ranch. The estate includes a main house, music room, Dojo building, meditation pavilion, and coffee plantation.
Summary of transaction details
- Property Type: Single-Family Residential (SFR)
- Transaction Amount: $18,000,000
- Address: 700 San Antonio Street, Ojai
- Market: Ojai
- Acres: 41.29
Compass broker representative Luke Ebbin represented the sellers, while the buyers were represented by Tyler Kallenbach from Compass. The estate boasts a total square footage of 8,000, resulting in a price per square foot (PPSF) of $2,250.
Players
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About $2.3K per square foot on a published $18M for 8,000 square feet (2023).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.88%
Cash-on-Cash
-0.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93