Multifamily Housing
1196 Patricia Avenue Simi Valley, CA 93065
Details & Description
Price: $26,700,000
    65 Units, Prime Ventura County location. A record 27% of Redfin housing searches in July 2020 were seeking to move from urban centers to suburban locations. • As a result of COVID-19, the multifamily rent growth outperformance experienced in suburban locations since 2013 is only expected to widen in the years to come. Strong Market Fundamentals Simi Valley is reporting a vacancy rate of 3.5% as of Q3 2020. Class A multifamily in Simi Valley has averaged year-over-year rent growth of 3.5% for the past 10 years.
    Property ID:    271929
    Property URL: melqr.com/271929
    Generated:    05-04-24
    Property Highlights
    Listing Agents
    Joe Penich
    KW Commercial
    O: 818-657-6570
    M: 818-424-3341
    joepenich@gmail.com
    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.
    California / Simi Valley / 93065 / 1196 Patricia Avenue

    1196 Patricia Avenue

    Simi Valley, CA 93065

    Listing ID: 271929
    Print Single-Page Version
    1196 Patricia Avenue Simi Valley, CA 93065 | for Sale | Photo 1
    Building Size: 51,319 SF
    Lot Size: 1.200 AC
    Land Size: 52,272 SF
    Building $/SF: $520.28
    Land $/SF: $510.79
    Price
    $26,700,000
    Property Highlights
    Resort-style pool with lounge seating
    Club-quality fitness center with yoga studio
    Business center collaborative workspaces
    Large outdoor courtyard with dining areas, BBQs, and outdoor fireplace
    Resident clubhouse
    Private garages
    Description

    65 Units, Prime Ventura County location. A record 27% of Redfin housing searches in July 2020 were seeking to move from urban centers to suburban locations. • As a result of COVID-19, the multifamily rent growth outperformance experienced in suburban locations since 2013 is only expected to widen in the years to come. Strong Market Fundamentals Simi Valley is reporting a vacancy rate of 3.5% as of Q3 2020. Class A multifamily in Simi Valley has averaged year-over-year rent growth of 3.5% for the past 10 years.

    Points of Interest & Demographic Radii

    Points of Interest
    Demographic Radii
    POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.
     
    Santa Clarita History of Multifamily Housing for Sale

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    Simi Valley Area Market Trends

    Listing Demographics for 1196 Patricia Avenue Simi Valley, CA 93065

    All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

    1-Mile 3-Miles 5-Miles
    Total Population17,76375,058124,053
    Population Median Age363940
    Population by Age0-9 Yrs2372 (13%)8072 (10%)13171 (10%)
    10-19 Yrs2269 (12%)10164 (13%)17399 (14%)
    20-29 Yrs2804 (15%)10235 (13%)15807 (12%)
    30-39 Yrs2404 (13%)9219 (12%)14256 (11%)
    40-49 Yrs2533 (14%)10272 (13%)17280 (13%)
    50-59 Yrs2692 (15%)11804 (15%)20087 (16%)
    60-69 Yrs1281 (7%)8110 (10%)14239 (11%)
    70+ Yrs1409 (7%)7181 (9%)11814 (9%)
    Median HH Income$81,930$99,025$104,472
    Total Household Income< 24K710 (12%)2179 (8%)3487 (8%)
    25-49K981 (16%)3158 (12%)4993 (12%)
    50-74K950 (16%)3412 (13%)5453 (13%)
    75-99K1025 (17%)3750 (15%)5628 (13%)
    100-199K1786 (30%)8669 (35%)14507 (35%)
    200K+399 (6%)3539 (14%)6779 (16%)
    Highest Education LevelNo Diploma166946156813
    Diploma or GED25171145217195
    Some College31791317421066
    Assoc. Degree154257839188
    Bachelors Degree21041136020370
    Higher Degree965547211089
    Total Housing Units6,08125,57842,309
    --Owner-Occupied3,56718,33830,833
    --Renter-Occupied2,2846,36910,013
    Owner-Occupied Values< 100K77285473
    100-199K49151405
    200-299K250583807
    300-399K41013032031
    400-499K111637965512
    500K+16651222021605
    Total Working Age Population13,84460,770100,326
    In Work Force9,70341,33067,676
    Not In Work Force4,14119,44032,650
    Workforce Employed9,20639,42964,437
    Workforce Unemployed4971,8953,230
    Civlian Workforce9,70341,32467,667
    Military Workforce0610
    Total Households5,85124,70840,846
    Family Households4,01318,26230,531
    Non-Family Households1,8376,44610,315
    Married Couple2,71013,88424,033
    Other Family1,3044,3796,499
    Married w/Child1,2865,76110,049
    Single Male w/Child159553838
    Single Female w/Child5001,2171,709

    Population Change Last Two Decades - Plus Projection

    2000%2010%2020%2030
    California33,871,648+1037,253,956+940,467,295+843,631,295
    Los Angeles County9,519,338+39,818,605+610,369,367+410,759,850
    Ventura County753,197+9823,318+5863,528+5909,779

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    Common Questions and Answers

    What is the asking price for 1196 Patricia Avenue in Simi Valley?
    The asking price for 1196 Patricia Avenue is $26,700,000
    What is the building size of this Multifamily property in Simi Valley, CA?
    The size of the building/unit at 1196 Patricia Avenue in Simi Valley is 51,319 square feet
    How much land does the Simi Valley, CA property at 1196 Patricia Avenue include?
    1196 Patricia Avenue in Simi Valley includes 1.200 acres of land
    What is the population within 1 mile of 1196 Patricia Avenue in Simi Valley?
    The population within 1 mile of 1196 Patricia Avenue Simi Valley, CA 93065 is 17,763 people.
    Who do I contact for questions about 1196 Patricia Avenue?
    You should contact the listing agent, Joe Penich, for any details regarding this commercial listing.

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    Closest Commercial Airports

    Airport Distance (mi)
    Los Angeles International Airport (LAX) 31
    John Wayne Airport-Orange County Airport (SNA) 66
    Ontario International Airport (ONT) 69
    Price
    $26,700,000
    Listing Agent
    Joe Penich - CRE Agent at KW Commercial

    Joe Penich

    KW Commercial

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