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525 E Los Angeles Avenue
Simi Valley, CA 93065

Price: $2,550,000 Zoning: CPD
Land SF: 63,838 SF Price/SF: $40
Click to View Offering MemorandumClick to Print Offering Memorandum

Exclusively Listed by:
Brandon Michaels
(818) 212-2794
bmichaels@marcusmillichap.com
License # 01434685


Matthew Luchs
(818) 212-2727
matthew.luchs@marcusmillichap.com
License # 01948233


Austin Sreden
(818) 212-2805
austin.sreden@marcusmillichap.com
License # 02023489

Price: $2,550,000
Land SF: 63,838 SF
Price/SF: $40
Property Type: Land
Click to View Offering MemorandumClick to Print Offering Memorandum

Exclusively Listed by:
Brandon Michaels
(818) 212-2794
bmichaels@marcusmillichap.com
License # 01434685


Matthew Luchs
(818) 212-2727
matthew.luchs@marcusmillichap.com
License # 01948233


Austin Sreden
(818) 212-2805
austin.sreden@marcusmillichap.com
License # 02023489

Investment Highlights

1.47 Acre Fully Entitled Senior Housing Facility Development Site

 

  • Fully entitled for a three story, 93-unit Senior Housing Facility
  • 47 acres of land (63,838 square feet) zoned CPD
  • Mix of memory care and assisted living units
  • 20 memory care units
  • 73 assisted living units
  • Proposed three story project
  • Podium on grade parking and one level of subterranean parking
  • 76,124 square feet of gross living area

 

Strong Simi Valley, CA location with Direct Freeway Access

 

  • 5 miles from California Highway State Route 118 with direct freeway access
  • Ideally located within close proximity to a host of national credit tenants
  • Affluent immediate submarket with an average household income north of $109,000 within one mile of the subject property
  • Dense immediate population with over 124,000 people within five miles of the subject property
  • Surrounded by dense single family residential
  • Median single family home value of $601,425 within one mile and over $700,000 within five miles of the subject property