1575 Erringer Rd - THE RIDGE AT SIMI - 1575 Erringer Rd Lot • Terrain commercial • 1,56 Acres • 6 840 008 $ CAD • Simi Valley, CA 93065

Lineage Asset Advisors, Inc. has been exclusively retained to present for sale The Ridge which is a rare shovel ready 66-unit development site in Simi Valley, Ventura County. The site is being offered for sale at $4,900,000, equating to $74,242 per unit. The approximate 1.56-acre land site is approved for a modern luxury 4-story apartment project featuring 77 on-grade parking spaces. The unit mix comprises seven 2-bedroom, 2-bath units averaging 1,040 square feet and fifty-nine 1-bedroom, 1-bath units averaging 774 square feet. The development mandates 5 affordable housing units, deed-restricted for 55 years.
The Ridge aims to provide a lifestyle of modern luxury, convenience, and a strong community sense. The development will feature contemporary and welcoming interiors with natural finishes and clean lines. Prospective residents will have various floor plans, from cozy 1-bedroom/1-bath residences to spacious 2-bedroom/2-bath residences. Each apartment will boast sleek, modern interiors with stainless steel appliances, including a refrigerator, range, microwave, and dishwasher. Additionally, in-unit washers and dryers will cater to the market’s high demand for such amenities, potentially driving higher rental rates. Natural light will flood the apartments through large windows, enhancing the living experience.
Residents of The Ridge will enjoy deluxe resort-style amenities, including a large spa in the central courtyard, a fitness center, an outdoor kitchen, an outdoor fireplace, and a state-of-the-art leasing office/clubhouse. The community lounge will serve as the social hub, fostering a vibrant and connected community within the property.
This project represents a prime investment opportunity in Simi Valley’s growing market, offering modern, high-end living spaces designed to meet the needs of today’s renters. The Ridge’s combination of luxurious amenities, contemporary design, and strategic location positions it as an attractive option for both developers and future residents.