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1424 Patricia

Simi Valley, CA 93065
  • $1,700,000
  • STATUS: ACTIVE
  • ON SITE: 171 Days
  • ID#: PW22003151
UPDATED: 17 min ago
$1,700,000
  • 0
    BEDS
  • 0.86
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Vacant Land / Lots
County:

School Ratings & Info

Description

MULTI-FAMILY RESIDENTIAL DEVELOPMENT SITE The subject property is a multi-family residential development site of 0.86 acres that is located at 1424 Patricia Ave. in the city of Simi Valley. Currently entitled for a 28-unit senior apartment project, this site could also be re-entitled for a market rate multi-family project although the unit count for a market rate project would end up slightly less. The current senior project received a Planned Development Permit (PD-S-1046) from the city of Simi Valley in October of 2017. At this time, the project is currently in a 3-year Administrative Time Extension for Permit PD-S-1046 that was granted in 2020. The current development plans call for 20 1br apartments and 8 2br apartments - 3 of the units will be set aside for low-income tenants. The project also incorporates approximately 1,224 SF of common area including an exercise room, a recreation room, an office and a laundry room. There are 31 covered parking spaces and 5 uncovered parking spaces. In regard to processing the building plans, approvals have been received on Hydrology/Watershed, Landscaping, Civil Drawings & Public Works, Soil Reports and Electrical. Still in process are Plumbing, Mechanical, Structural, Architectural and Fire. Although this site has been designed for active senior living, it may also be suitable for re-entitlement into a market rate multi-family project. MULTI-FAMILY RESIDENTIAL DEVELOPMENT SITE The subject property is a multi-family residential development site of 0.86 acres that is located at 1424 Patricia Ave. in the city of Simi Valley. Currently entitled for a 28-unit senior apartment project, this site could also be re-entitled for a market rate multi-family project although the unit count for a market rate project would end up slightly less. The current senior project received a Planned Development Permit (PD-S-1046) from the city of Simi Valley in October of 2017. At this time, the project is currently in a 3-year Administrative Time Extension for Permit PD-S-1046 that was granted in 2020. The current development plans call for 20 1br apartments and 8 2br apartments - 3 of the units will be set aside for low-income tenants. The project also incorporates approximately 1,224 SF of common area including an exercise room, a recreation room, an office and a laundry room. There are 31 covered parking spaces and 5 uncovered parking spaces. In regard to processing the building plans, approvals have been received on Hydrology/Watershed, Landscaping, Civil Drawings & Public Works, Soil Reports and Electrical. Still in process are Plumbing, Mechanical, Structural, Architectural and Fire. Although this site has been designed for active senior living, it may also be suitable for re-entitlement into a market rate multi-family project.

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San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2022 San Diego MLS, Inc. Licensed in the state of California.
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1424 Patricia Simi Valley, CA 93065

  • Price: $1,700,000
  • Status: ACTIVE
  • On Site: 171 Days
  • Updated: 17 min ago
  • ID#: PW22003151
0
Beds
0
Baths
0
½ Baths
0.86
Acres
Neighborhood:
Simi Valley (93065)
County:
Ventura
Area:
Simi Valley (93065)
Property Description
MULTI-FAMILY RESIDENTIAL DEVELOPMENT SITE The subject property is a multi-family residential development site of 0.86 acres that is located at 1424 Patricia Ave. in the city of Simi Valley. Currently entitled for a 28-unit senior apartment project, this site could also be re-entitled for a market rate multi-family project although the unit count for a market rate project would end up slightly less. The current senior project received a Planned Development Permit (PD-S-1046) from the city of Simi Valley in October of 2017. At this time, the project is currently in a 3-year Administrative Time Extension for Permit PD-S-1046 that was granted in 2020. The current development plans call for 20 1br apartments and 8 2br apartments - 3 of the units will be set aside for low-income tenants. The project also incorporates approximately 1,224 SF of common area including an exercise room, a recreation room, an office and a laundry room. There are 31 covered parking spaces and 5 uncovered parking spaces. In regard to processing the building plans, approvals have been received on Hydrology/Watershed, Landscaping, Civil Drawings & Public Works, Soil Reports and Electrical. Still in process are Plumbing, Mechanical, Structural, Architectural and Fire. Although this site has been designed for active senior living, it may also be suitable for re-entitlement into a market rate multi-family project. MULTI-FAMILY RESIDENTIAL DEVELOPMENT SITE The subject property is a multi-family residential development site of 0.86 acres that is located at 1424 Patricia Ave. in the city of Simi Valley. Currently entitled for a 28-unit senior apartment project, this site could also be re-entitled for a market rate multi-family project although the unit count for a market rate project would end up slightly less. The current senior project received a Planned Development Permit (PD-S-1046) from the city of Simi Valley in October of 2017. At this time, the project is currently in a 3-year Administrative Time Extension for Permit PD-S-1046 that was granted in 2020. The current development plans call for 20 1br apartments and 8 2br apartments - 3 of the units will be set aside for low-income tenants. The project also incorporates approximately 1,224 SF of common area including an exercise room, a recreation room, an office and a laundry room. There are 31 covered parking spaces and 5 uncovered parking spaces. In regard to processing the building plans, approvals have been received on Hydrology/Watershed, Landscaping, Civil Drawings & Public Works, Soil Reports and Electrical. Still in process are Plumbing, Mechanical, Structural, Architectural and Fire. Although this site has been designed for active senior living, it may also be suitable for re-entitlement into a market rate multi-family project.
Property Features

Age Restrictions Other/Remarks Cfd Mello Roos Fee 0.0 Cfd Mello Roos Fee Reflects Year Home Owners Fees 0.0 Miscellaneous Value in Land Terms Cash

San Diego MLS logo Listing provided courtesy of Marcus & Millichap. Listing information © 2022 San Diego MLS Inc. Source: CRMLS
San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2022 San Diego MLS, Inc. Licensed in the state of California.
 
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