1791 Erringer Road, Simi Valley, CA, 93065

Highlights

• Well-maintained 2-Story Multi-tenant Office Building
• Well located on the south west corner of Erringer Rd/ & Patricia Ave.
• 20 parking spaces (4/1000sf); 3 are covered.
• See excel spread sheet for detailed Capitalization Analysis
• Exterior Staircase
• 2 2-fixture private bathrooms downstairs & 2 2-fixture common area bathrooms upstairs
• Five units, 82% occupied by 4 tenants
• 24,200 ADT's (2018)

Description

1/2 Undivided interest in the building is for sale for $682,500. $439,500 down payment required to assume 1/2 interest of current loan of $486,000; i.e., $243,000. Lender will allow assumption to qualified buyer at existing 3.85%. Great opportunity for an owner-user requiring 1,503 (units 201 & 202) contiguous sf. All offers will be subject to a mutually acceptable partnership agreement with the ownership of the remaining 50% undivided interest.

Southwest Corner of Erringer Rd. and Patricia St. Easy access off the 118 Fwy at Erringer Rd. offramp. Centrally located in Simi Valley. Neighborhood Shopping Center anchored by Smart and Final, Pasta Presto, Theresa's Country Feed and Pet.

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