540 Los Angeles AveSimi Valley, CA 93065

Property Details for 540 Los Angeles Ave

Year built

1983

Lot size

0.48 AC

Property size (Sq ft)

7,364 SF

Zone code

CPD

Property type

Retail properties

Property subtype

Super regional malls

APN

631-0-140-535

APU

6310140535

Description

This exceptional retail space, located at 540 E Los Angeles Ave in Simi Valley, CA 93065, offers 4,687 square feet of vacant space in the Woodlands Plaza. Built in 1980, this single-tenant storefront is situated within a thriving neighborhood center, benefiting from excellent daytime and residential demographics within a three-mile radius. The property's convenient location near the Ronald Reagan 118 Freeway ensures high visibility and accessibility. The property features prominent pylon signage and additional signage opportunities, maximizing marketing potential. A signalized intersection at the property's entrance further enhances visibility and ease of access for customers. Additional opportunities exist for kiosk or cart placement within the center, providing further flexibility for potential tenants. The space is ideal for a variety of retail uses and presents a unique opportunity to establish a strong presence in a rapidly growing community. The property's size falls within a range of 2,300 to 4,801 square feet, as indicated in previous marketing materials. This prime location offers significant potential for business growth and success.

• CAP approach

  CAP return

  Valuation

  6%

  $3,279,773

  6.5%

  $3,027,483

  7%

  $2,811,234

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,528,852

  Geo Method

  $3,528,852

• Alternative Use

  Use

  Valuation

  Residential

  $2,553,795

  Hospitality

  $2,339,263

  Educational

  $1,946,239

  Medical

  $2,013,173

  Retail

  $3,027,483

Location Insight

City

Simi Valley

County

Ventura

State

California

Latitude

34.2713

Longitude

-118.787

CBSA code

37100

CBSA name

OXNARD-THOUSAND OAKS-VENTURA, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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