1378-1380 Patricia Ave, Simi Valley, CA 93065

FOR SALE

$4,500,000.00.

Sage-View Apartments

8-Unit Apartment Building

Non-Rent Control - 100% Occupied

1378-1380 Patricia Avenue Simi Valley Ca 93065

Property Address and Site Data:

Property Address: 1378 and 1380 Patricia Avenue Simi Valley Ca 90365

County: Ventura County

Assessor Parcel Number: 632-0-080-205

Building Square Footage: 8,808 Square Feet.

Land Square Footage: 26,571 Land SF (MLS Public Records Property Profile)

Lot/Land Acres: 0.61 Acres

Current Improvements: (8) Units 2-Story Mediterranean Architecture.

Year Built: 2016

Parking Spaces: 20 Spaces. (8) covered (12) Uncovered.

Frontage: 80.02’ Patricia. 82.75’ (Rear)

ZONING: Residential High Density [RH(CZ)] – Residential High Density – Conditional Zoning

GPLU: High Density (10.1 – 20 du/ac)

HOA: None

COUNCIL DISTRICT/NEIGHBORHOOD COUNCIL DISTRICT: 3

WATER DISTRICT: City of Simi Valley Waterworks District 8

Parcel Data Updated from Ventura County Assessor: April 1, 2026

(8) Units. (2) 4-Unit Bldgs.

Unit Mix: (4) 3+2's + (4) 2+1's

Monthly Income Current $19,591.00 ($19,341.00 Rent/Water + $250 W/D):

Monthly Expenses Current $5,008.72:

Monthly Net Operating Income Current $14,582.28:

Monthly Income (Current) (Approximately) – $19,591.00:

$19,341.00 – Rents + Water Assessments Paid by Tenants:

$250.00 – (approximately) – (3) Washers + (3) Dryers:

$19,591.00 per month.

Monthly Expenses (Current) (Approximately) $4,941.67:

Monthly Expenses: $5,008.72 per month.

Monthly NOI: $16,649.33 per month.

Monthly Expenses (Current) (Approximately) $2,941.67:

Insurance: $416.67.

Taxes: $2,000.00.

Electric: $125.00.

Water: $500.00.

Gardener: $300.00.

Trash: $300.00.

Maintenance: $400.00.

Management: $900.00.

Total Expenses: $4,941.67

Annual:

Annual Income (Current) (Approximately) $235,092.00:

Annual Expenses (Current) (Approximately) $59,300.04:

Annual Net Operating Income (Current) (Approximately) $175,791.96:

1378-1 – Unit 1 – 1,032 SF – 3 + 2 – 1^st Floor – $2,480

1378-2 – Unit 2 – 801 SF – 2 + 1 – 1^st Floor – $1,980

1378-3 – Unit 3 – 1,013 SF – 3 + 2 – 2^nd Floor – $2,300

1378-4 – Unit 4 – 800 SF – 2 + 1 – 2^nd Floor – $2,420

1380-1 – Unit 5 – 801 SF – 2 + 1 – 1^st Floor – $2,420

1380-2 – Unit 6 – 1,040 SF – 3 + 2 – 1^st Floor – $2,775

1380-3 – Unit 7 – 800 SF – 2 +1 – 2^nd Floor – $2116

1380-4 – Unit 8 – 1,013 SF – 3 + 2 – 2^nd Floor – $2,540

The 1st Building (Front) 1378 Patricia Avenue consists of (4) Units

(2) 3+2's - Current Rents $2,480 and $2,720.00. Market Rents $3,095 to $3,770 + per month

(2) 2+1's - Current Rents $1,980 and $2,300.00. Market Rents $2,200 to $2,900 per month

The 2nd Building consists of (4) Units

(2) 3+2's - Current Rents $2,540.00 to $2,775.00.

(2) 2+1's - Current Rents $2,420.00 to $2,116.00.

Property Highlights:

Ideal Seasoned Mult-Family Investment For Sale

2016 Built Well-Maintained Pride of Ownership

9’ Foot Ceilings

Stainless Steel Appliances

Decks and Patios

Rapidly Growing Strong Rental Market Area

Selling in As-Is Condition

Location Address and Directions

1378 Patricia Avenue Simi Valley, Ca 93065. (Western Simi Valley) Just East of 1st Street and South of Los Angeles Ave. Conveniently located near Restaurants and Services.

Property Offering and Description:

Investment opportunity to buy a newer 2016-built well-maintained 8-Unit Apartment building 100% occupied not subject to rent control as per the current California's statewide rent control (AB 1482).

This 2016-built apartment building is currently exempt from California's statewide rent control (AB 1482) b

This investment opportunity is in an area experiencing ongoing new developments and presents a good investment for steady cash flow and long-term value appreciation.

Please contact Bobby Catania at (818) 266-0337 with any questions or to discuss.

DO NOT DISTRUB TENANTS!

Please continue to review the property site data, property offering executive summary, highlights and description as follows.

More Investment Highlights

• • No Rent Control: A premier advantage for California investors—this property is not subject to local rent control, allowing for market-rate adjustments and no mandated caps on rental increases currently exempt from California's statewide rent control (AB 1482)
  • Modern Construction: Built in 2016, the asset offers low-maintenance costs and energy-efficient systems compared to older area stock.
  • Prime Location: Situated at 1378-1380 Patricia Avenue, the property sits in a quiet residential pocket of Simi Valley (93065) within walking distance to and easy access to local amenities like restaurants and services and the (118) Ronald Regan Freeway.

The Opportunity

With construction of 2016, the property bypasses many of the restrictive legislative hurdles facing older buildings, offering a clear path to revenue growth in one of Ventura County’s most stable rental markets.

Investment Summary:

We are pleased to present a rare opportunity to acquire a (2016) architectural Mediterranean 8-unit apartment community. Unlike most inventories in Ventura County, this asset is not subject to rent control, per (AB 1482) allowing for immediate realization of market-rate upside.

• • Premium Specs: Luxury vinyl flooring, stainless appliances, quartz countertops, and "wood-look" tile flooring.
  • Low Maintenance: 2016 construction ensures minimal CapEx for the foreseeable future.
  • Strong Fundamentals: Reserved covered parking, private balconies, and central HVAC in every unit.
  • Market Demand: Two-bedroom units in this 93065 zip code currently average $2,723–$2,870/month.
  • Appreciation Play: In Ventura County, luxury multifamily values are holding or rising due to a lack of new development.

NOTICE & DISCLAIMER

The information contained in this brochure is "as-is" and solely for the purpose of a preliminary evaluation of the Property and serves as a partial summary only. The seller and agents make no guarantees, warranties, or representations as to the completeness or accuracy of any data provided.

Prospective purchasers are instructed to rely entirely on their own investigations, inspections, and studies regarding the Property. By accepting this material, you agree to hold [Broker/Owner] harmless from any liability arising from the use of this information.

BUYER TO VERIFY ALL CONTENTS CONTAINED HEREIN.

Thank you,

Bobby Catania

Infinity Real Estate Services

Brokerage and Property Management

Commercial and Residential

CA License #01029118

NV License #B.0026461.INDV

AZ License #SE572068000

28348 Roadside Drive Suite 202-B

Agoura Hills, Ca 91301

(818) 266-0337 Cell

(818) 318-1258 Office

(818) 530-4353 Fax

http://www.infinityrealestate.com/