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.
| MLS # | WS26185908 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 9 |
| Listing Provided By | SO. CALIFORNIA REAL ESTATE CO. | Meir Derhy |
| Zoning | Rh-15 |
|---|---|
| Acreage | 0.49 |
| Property View | None |
| Lot Features | Near Park, Yard |
|---|---|
| Fencing | Average Condition |
| Utilities | Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected |
|---|---|
| Electric | Standard |
| Sewer | Public Sewer |
| Community Features | Suburban, Park |
|---|
| State | CA |
|---|---|
| County | Ventura |
| City | Simi Valley |
| Zip Code | 93065 |
| Area | 699 Not Defined |
| Listing VS Median (in 93065) | |
Price: $1,395,000 low | high Med: $779,900 On site: 9 low | high Med: 136 | |
| State | CA |
|---|---|
| County | Ventura |
| City | Simi Valley |
| Zip Code | 93065 |
| Area | 699 Not Defined |
| Listing VS Median (in 93065) | |
Price: $1,395,000 low | high Med: $779,900 On site: 9 low | high Med: 136 | |