8-UNIT PRICE REDUCTION (AB 1482) EXEMPT 1378-1380 Patricia Ave Immeuble residentiel 8 lots 3 444 239 € (430 530 €/Lot) Taux de capitalisation 4,38 % Simi Valley, CA 93065

8-UNIT APT Price Reduction (AB 1482) EXEMPT BUYER TO VERIFY. SELLER MOTIVATED! MAKE AN OFFER! Sage-View Apartments presents a rare investment opportunity to acquire an eight-unit luxury Mediterranean apartment community built in 2016 in Simi Valley, CA. This property benefits from exemption under AB 1482, meaning it is not subject to rent control, enabling immediate upside potential through market-rate rent adjustments. Fully occupied and meticulously maintained, the asset provides secure cash flow supported by strong fundamentals in one of Ventura County’s most stable rental markets.
Each unit features modern finishes, including stainless steel appliances, quartz countertops, wood-look tile flooring, and private decks or patios. Tenants enjoy covered parking, central HVAC, and energy-efficient systems, reducing maintenance and operational costs. The property spans two well-designed buildings with convenient resident amenities and ample parking (20 spaces, including covered).
Strategically positioned near top retail and dining amenities, with excellent proximity to the 118 Ronald Reagan Freeway, the location offers tenants strong connectivity and lifestyle access. The area exhibits robust rental demand and limited multifamily inventory, ensuring long-term appreciation and consistent income performance for investors seeking quality and durability.