15
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$2,999,999
Est. payment /mo
8,445 SqFt
New
875 E Los Angeles AVE Simi Valley, CA 93065
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Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 8,445 sqft
Price per Sqft $355
MLS Listing ID 226002612
HOA Y/N No
Year Built 1961
Lot Size 0.700 Acres
Property Description
DEVELOPERS, INVESTORS, AND VISIONARIES--THIS IS THE OPPORTUNITY YOU HAVE BEEN WAITING FOR.Positioned in the heart of Simi Valley's emerging redevelopment corridor, this highly visible commercial property offers a rare chance to acquire a substantial footprint within the City's transformative Envision Simi Valley initiative. Located directly on Los Angeles Avenue, just off the prominent intersection of Los Angeles Avenue and First Street, the property benefits from exceptional exposure, strong traffic counts, outstanding accessibility, and a location poised for future growth and reinvestment.The approximately 8,445-square-foot building sits on a generous 0.70-acre parcel with an impressive 48 parking spaces, extensive street frontage, loading facilities, and infrastructure already in place for multiple tenancy. Currently occupied by a single user, the building can be configured into as many as six separate units and features separate addresses, utility meters, entrances, and HVAC systems--providing immediate flexibility for investors seeking to maximize income potential.As Simi Valley continues implementing its vision for modernization, revitalization, and economic growth, properties in strategic redevelopment locations are becoming increasingly scarce. Whether your plan is to reposition the existing structure, create a dynamic multi-tenant investment, establish a flagship business location, or explore future redevelopment opportunities, this property offers the scale, visibility, parking, and location to support a wide range of investment strategies.The current improvements provide immediate utility and income potential, while the underlying location offers what many investors seek but rarely find: the opportunity to participate in the future evolution of one of Ventura County's most important commercial corridors.Prime frontage. Significant parking. Flexible configuration. Redevelopment potential. A strategic position within the future of Simi Valley.Opportunities like this do not come along often.
Location
State CA
County Ventura
Area Svw - West Simi
Zoning MULTIPLE
Interior
Heating Zoned
Fireplace No
Building
Lot Description Near Public Transit
Others
Tax ID 6310102270
Acceptable Financing Conventional
Listing Terms Conventional
Special Listing Condition Standard
Listed by Deserie Boutell RE/MAX ONE #01433473
NEARBY SCHOOL & BUSINESS
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