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5602 Los Angeles ave - Multi-unit lot with approved plans

0.25 Acres of Commercial Land Offered at £1,184,225 in Simi Valley, CA 93063

Investment Highlights

  • Project Type: 8-Unit Townhouse Development
  • Grading and Pad Certification: Grading work has already been completed, and the pad is certified, saving significant time and effort.
  • Building Plans: Comprehensive building plans are included, allowing for immediate development without the need for additional architectural work.
  • Permits: All pre-approved permits are in place, ensuring a smooth transition to construction.
  • Fees: All fees related to the permits have been paid, reducing upfront costs and administrative burdens.

Executive Summary

Discover an exceptional investment opportunity with this prime multi-unit development site located at 5602 E Los Angeles, Simi Valley, CA 93063. Nestled in a highly desirable area, this property offers a unique chance to develop an 8-unit townhouse complex. The site, identified by APN 651-000-0-111-015, is fully papered and comes with all necessary entitlements, approved designs, and fees paid, making it a turn-key project ready for immediate construction.
Benefits:
Ready for Construction: With all pre-approved permits and paid fees, you can start building immediately without delays.
Completed Grading: The grading work is finished, and the pad is certified, ensuring the site is construction-ready.
Full Entitlements: This property comes with all the necessary entitlements for an 8-unit townhouse development, streamlining the process and providing peace of mind.
Prime Location: Situated in the vibrant Simi Valley, this location offers excellent access to local amenities, schools, and transportation, making it an attractive option for future residents.
Investment Opportunity:
This development site represents a rare opportunity to invest in a fully prepared project with significant potential for returns. The inclusion of building plans, complete entitlements, and paid fees means you can move forward with confidence and efficiency.

Property Facts

Price £1,184,225
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Multifamily
  • Single Family Development
Total Lot Size 0.25 AC

1 Lot Available

Lot

Price £1,184,225
Price Per AC £4,736,900
Lot Size 0.25 AC

0.25+/- acres

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
651-0-111-015
Land Assessment
£482,148
Improvements Assessment
£0
Total Assessment
£482,148

zoning

Zoning Code Multi Unit
Multi Unit
  • Listing ID: 33744816

  • Date on Market: 04/11/2024

  • Last Updated:

  • Address: 5602 Los Angeles ave, Simi Valley, CA 93063

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