PRICE $1,700,000 dsIDX morgage calculator
BEDS 0
BATHS 0
HOME SIZE n/a
LOT SIZE 37,462 sqft

The subject property is a 28-unit senior apartment development site located on a single parcel of ±0.86 acres at 1424 Patricia Avenue in the city of Simi Valley. Preliminarily called the “River House”, this project received a Planned Development Permit (PD-S-1046) from the city of Simi Valley in October of 2017. At this time, the project is currently in a 3-year Administrative Time Extension for Permit PD-S-1046 that was granted in 2020.The River House project is made up of a single three-story building. The first-floor area of the northern and southern sections of the building will be used for parking arranged around a central common area that includes recreation rooms and outdoor gathering spaces, with two floors of senior apartments above. The design includes a centrally located elevator, with stairways at the front and rear entrances to the building, and one stairwell near the mid-point of the building.This development will contain 20 1br apartments and 8 2br apartments - 3 of the units will be set aside for low-income tenants. The project also incorporates approximately 1,224 SF of common area including an exercise room, a recreation room, an office and a laundry room. There are 31 covered parking spaces and 5 uncovered parking spaces. In regard to processing the building plans, approvals have been received on Hydrology/Watershed, Landscaping, Civil Drawings & Public Works, Soil Reports and Electrical. Still in process are Plumbing, Mechanical, Structural, Architectural and Fire.Although this site has been designed for active senior living, it may also be suitable for other mixed-use types of development including elderly care, memory care, assisted living or other similar uses.

DAYS ON MARKET 21 LAST UPDATED 1/6/2022
YEAR BUILT 0 COMMUNITY Not Defined
COUNTY Ventura STATUS Active
PROPERTY TYPE(S) Lot/Land/Acreage


ADDITIONAL DETAILS
ADULT COMMUNITY Yes
AREA Not Defined
HOA DUES 0
LOT 0.86 acre(s)
LOT DESCRIPTION Value In Land
VIEW DESCRIPTION None
WATER Public
ZONING RH (CZ)
MORTGAGE CALCULATOR
   

TOTAL MONTHLY PAYMENT

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Listing provided by : Matthew Wenzel CalDRE: 01198357 | 562-257-1200, Marcus & Millichap

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Based on information from California Regional Multiple Listing Service, Inc. as of 1/27/22 6:16 AM PST and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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