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Listed by Meir Derhy • SO. CALIFORNIA REAL ESTATE CO.
$ 1,395,000
Est. payment /mo
Active
1453 Patricia Simi Valley, CA 93065
0.49 Acres Lot
UPDATED:
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID WS-26185908
Lot Size 0.490 Acres
Source California Regional Multiple Listing Service (CRMLS)
Property Description
Excellent RH-15 residential development opportunity for a high-density multifamily building, townhomes, or condominiums. The zoning allows up to 17 units, and including an affordable-housing component may permit substantially more units through applicable density-bonus programs. Zoning may also allow a three-story building up to 40 feet in height.
Several new apartment buildings and townhome developments have recently been completed on the same street. The property includes an existing house that may generate rental income while plans and entitlements are processed.
The house and property are being sold strictly as-is. Buyer should contact the City of Simi Valley Planning Division and consult with their architect to verify zoning, density-bonus eligibility, height limitations, development requirements, and the exact number of units permitted. Buyer to conduct all independent due diligence.
Several new apartment buildings and townhome developments have recently been completed on the same street. The property includes an existing house that may generate rental income while plans and entitlements are processed.
The house and property are being sold strictly as-is. Buyer should contact the City of Simi Valley Planning Division and consult with their architect to verify zoning, density-bonus eligibility, height limitations, development requirements, and the exact number of units permitted. Buyer to conduct all independent due diligence.
Location
State CA
County Ventura
Zoning Rh-15
Exterior
Community Features Suburban
Utilities Available Sewer Connected, Water Connected, Electricity Connected, Natural Gas Connected, Phone Available
View Y/N No
View None
Building
Lot Description Lot 20000-39999 Sqft, Park Nearby, Yard
Sewer Public Sewer
Nearby Locations