1770 Tapo StSimi Valley, CA 93063

Property Details for 1770 Tapo St

Year built

1985

Lot size

0.76 AC

Property size (Sq ft)

17,631 SF

Property type

Industrial properties

APN

644-0-190-295

APU

6440190295

Description

This exceptional 14,370-square-foot industrial property, located at 1770 Tapo Street in Simi Valley, California (93063), presents a rare opportunity. Built in 1985 and renovated in 2015, this free-standing building sits on a 33,541-square-foot lot and boasts a prime East-End location, just 10 minutes from Chatsworth with easy access to the 118 Freeway. The property features a 15-17 foot minimum clear ceiling height, two 10x12 loading doors, and a large, private fenced rear yard with wrought iron fencing. Inside, you'll find 3,500 square feet of attractive offices with faux hardwood flooring, four ADA-compliant restrooms, and abundant natural light from numerous exterior windows and skylights. The building is equipped with 800 amps of 480-volt 3-phase power (transformable to 1,200 amps of 208-volt 3-phase power), air conditioning, and fire sprinklers. Currently configured for vitamin manufacturing, this versatile space is ideal for various manufacturing and warehouse uses. The property is zoned LI and benefits from Ventura County's lower taxes and insurance premiums, situated in a safe and clean community. The asking price is $4,300,000 ($299.23/sq ft). APN: 644-0-190-295. All information provided is for discussion purposes only and should be independently verified.

• CAP approach

  CAP return

  Valuation

  6%

  $11,708,600

  6.5%

  $10,807,900

  7%

  $10,035,900

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,364,340

  Geo Method

  $5,364,340

• Alternative Use

  Use

  Valuation

  Retail / Commercial

  $5,556,770

  Mixed-Use / Specialty

  $5,548,410

  Hospitality / Lodging

  $4,085,590

  Office

  $5,527,360

  Institutional / Educational

  $5,772,200

  Residential Income

  $6,753,470

  Multifamily

  $8,036,310

  Automotive / Energy

  $4,947,600

  Parking / Income-Based Land

  $1,696,050

  Restaurant / Food Service

  $2,910,190

  Healthcare / Senior Housing

  $5,678,050

Location Insight

City

Simi Valley

County

Ventura

State

California

Latitude

34.2693

Longitude

-118.708

CBSA code

37100

CBSA name

OXNARD-THOUSAND OAKS-VENTURA, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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