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525 E Los Angeles Ave
Simi Valley, CA 93065
Terrain À vendre
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1,46 AC
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Faits saillants de l'investissement
- Strong Simi Valley Location
- 1.46 AC Double-Lot Zoned for the Recently Passed Envision Simi Valley Specific Plan as ‘Downtown Corridor’
- Located in a Qualified Census Tract (QCT), Potential to Access LIHTC Funding
- Situated Directly on One of Simi Valley’s Most Prominent Commercial Corridors
- Major Density Upside Utilizing By-Right Entitlements, Community Benefits, & State Density Bonus
- Surrounded by Retail, Restaurant, and Service Amenities in Every Direction
Résumé de l'annonce
The Boyett Team at CBRE is pleased to present a 1.46 AC development opportunity for sale or joint venture (JV). The subject property is positioned in a strong Simi Valley location, west of 1st Street and north on E Los Angeles Avenue.
Designated as a Downtown Corridor in the recently enacted Envision Simi Valley Specific Plan, this site has a broad range of potential uses including mixed-use up to a 1.5 FAR (FAR limits commercial floor area, not residential). Under this framework the base residential density is a max of 45 dwelling units per acre with potential to increase with the State Density Bonus. This site is located directly on one of Simi Valley’s most prominent commercial corridors, Los Angeles Avenue. A new development at this location would benefit from the local amenities in every direction including a Stater Bros across the street.
Situated in a strong Simi Valley location, this offering presents a rare opportunity for any developer to build higher density in a historically low density and low cap rate market adjacent to Los Angeles.
Designated as a Downtown Corridor in the recently enacted Envision Simi Valley Specific Plan, this site has a broad range of potential uses including mixed-use up to a 1.5 FAR (FAR limits commercial floor area, not residential). Under this framework the base residential density is a max of 45 dwelling units per acre with potential to increase with the State Density Bonus. This site is located directly on one of Simi Valley’s most prominent commercial corridors, Los Angeles Avenue. A new development at this location would benefit from the local amenities in every direction including a Stater Bros across the street.
Situated in a strong Simi Valley location, this offering presents a rare opportunity for any developer to build higher density in a historically low density and low cap rate market adjacent to Los Angeles.
Faits sur la propriété
1 Lot disponible
Lot
| Taille du lot | 1,46 AC |
| Taille du lot | 1,46 AC |
Impôts fonciers
| Numéros de lot | Évaluation des bâtiments | 0 $ CAD | |
| Évaluation du terrain | 2 484 412 $ CAD | Évaluation totale | 2 484 412 $ CAD |
Impôts fonciers
Numéros de lot
Évaluation du terrain
2 484 412 $ CAD
Évaluation des bâtiments
0 $ CAD
Évaluation totale
2 484 412 $ CAD
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