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 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.

    1196 Patricia Avenue

    Simi Valley, CA 93065

    Listing ID: 271929
    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.
     

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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.

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    Demographics Tables

    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) Directions
    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
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