1378-1380 Patricia Ave - Apartments FOR SALE


Simi Valley, CA 93065
$4,500,000 USD
818-266-0337
1378-1380 Patricia Ave, Simi Valley, CA for Sale
$4,500,000 USD
Apartments - FOR SALE
1/30
null | 3.89% Cap Rate

1378-1380 Patricia Ave
Simi Valley, CA 93065


HIGHLIGHTS

  • 2016-Built 8-Unit Apartment Construction
  • 2-Story Building Mediterranean Architecture
  • Interior Apartment 9 Foot Ceilings
  • Decks and Patios Interior Stainless Steel Appliances
  • Not Subject to California Statewide Rent Control (AB 1482)
  • 100% Occupied Apartment Building

OVERVIEW

Sage-View Apartments presents a rare investment opportunity to acquire an eight-unit luxury Mediterranean apartment community built in 2016 in Simi Valley, CA. This property benefits from exemption under AB 1482, meaning it is not subject to rent control, enabling immediate upside potential through market-rate rent adjustments. Fully occupied and meticulously maintained, the asset provides secure cash flow supported by strong fundamentals in one of Ventura County’s most stable rental markets. Each unit features modern finishes, including stainless steel appliances, quartz countertops, wood-look tile flooring, and private decks or patios. Tenants enjoy covered parking, central HVAC, and energy-efficient systems, reducing maintenance and operational costs. The property spans two well-designed buildings with convenient resident amenities and ample parking (20 spaces, including covered). Strategically positioned near top retail and dining amenities, with excellent proximity to the 118 Ronald Reagan Freeway, the location offers tenants strong connectivity and lifestyle access. The area exhibits robust rental demand and limited multifamily inventory, ensuring long-term appreciation and consistent income performance for investors seeking quality and durability.

FOR SALE DETAILS

PRICE

$4,500,000 USD

PRICE/SF

$511 USD /SF

# OF UNITS

8

PRICE/UNIT

$562,500

CAP RATE

3.89%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

8-Unit - 2016-Built

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2015

PARKING SPACES

16

LAND DETAILS

LAND ACRES

0.61 AC

LAND SF

26,571 SF

ZONING

RH(CZ) RES High Density

APN/PARCEL ID

632-0-080-205

ASK ABOUT THIS PROPERTY

Bobby CataniaInfinity Real Estate ServicesMore Info
818-266-0337

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Bobby CataniaInfinity Real Estate ServicesMore Info
818-266-0337

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.