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$ 1,395,000
Est. payment | /mo
0.49 Acres Lot
$ 1,395,000
Est. payment | /mo
0.49 Acres Lot
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID WS26185908
HOA Y/N No
Lot Size 0.490 Acres
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
Area 699 - Not Defined
Zoning Rh-15
Interior
Fireplace No
Exterior
Fence Average Condition
Community Features Suburban, Park
Utilities Available Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
View Y/N No
View None
Building
Lot Description Near Park, Yard
Sewer Public Sewer
New Construction No
Others
Senior Community No
Tax ID 6320020135
Acceptable Financing Cash, Cash to Existing Loan, Cash to New Loan, 1031 Exchange
Listing Terms Cash, Cash to Existing Loan, Cash to New Loan, 1031 Exchange
Special Listing Condition Standard
Listed by Meir Derhy SO. CALIFORNIA REAL ESTATE CO. 818-518-7252, DRE #01133364