4220 Los Angeles AveSimi Valley, CA 93063

Property Details for 4220 Los Angeles Ave

Year built

1966

Lot size

0.20 AC

Property size (Sq ft)

3,080 SF

Zone code

CPD

Property type

Office buildings

APN

626-0-341-040

APU

6260341040

Description

This exceptional freestanding executive office building in Simi Valley, CA, presents a compelling investment opportunity for both owner-users and investors. The property, located at 4220 E Los Angeles Ave, boasts 3,080 square feet of newly renovated space situated on a 9,000 square foot lot zoned CPD(BP)(TAPO). The two-story building features four suites, two on each floor, each offering a modern and functional workspace. Recent upgrades include fresh paint, new flooring, recessed lighting, updated windows and doors, a new HVAC system, and 24-hour security camera monitoring. Three separate exterior doors ensure convenient access. Ample on-site parking accommodates 13 vehicles (4.22 spaces per 1,000 square feet), supplemented by abundant street parking. The property enjoys high visibility with an estimated daily traffic count of 26,383 vehicles. Its convenient location, just one mile from the 118 Freeway and minutes from a variety of amenities, adds to its appeal. The asking price is $1,250,000, translating to $405.84 per square foot. The APN is 626-0-341-040. This is a rare opportunity to acquire a meticulously maintained, high-visibility office building in a thriving Simi Valley location.

• CAP approach

  CAP return

  Valuation

  6%

  $923,652

  6.5%

  $852,602

  7%

  $791,702

• Comparable approach

  Method

  Valuation

  Relative Method

  $585,693

  Geo Method

  $585,693

• Alternative Use

  Use

  Valuation

  Residential

  $1,057,226

  Hospitality

  $968,414

  Educational

  $805,709

  Medical

  $833,418

  Retail

  $1,253,325

Location Insight

City

Simi Valley

County

Ventura

State

California

Latitude

34.2713

Longitude

-118.713

CBSA code

37100

CBSA name

OXNARD-THOUSAND OAKS-VENTURA, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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