1 of 15

Want to see this property?

1850 Williams Street

Simi Valley, CA 93065

– beds
– baths
– sqft
~3/4 acre lot
1989 build
– on site

*CALL FOR OFFERS ON MARCH 28th* We are pleased to present the Westgate Apartments, a pride of ownership 31-unit asset in the highly desirable market of Simi Valley. The property is currently being operated as a senior apartment building, but all covenants have expired and a new owner may choose to operate it with traditional tenants moving forward. The subject property has nearly 75% upside available in scheduled gross income, offering an ideal value-add opportunity. The property currently collects ~$36k/month in rental income and is offered at only $183k/unit. Once all units are rented for market, the property will operate at a 10.05% cap rate and 6.96 GRM. 1850 Williams St is comprised of (31) 1Bed+1Bath units - some units have gone through light renovations as they've turned over. There is a common space room, as well as outdoor areas for grilling and socializing. The property is very well parked and protected by a gated electric fence. 1850 Williams St is located in the heart of Simi Valley - just minutes away from restaurants, retail and supermarkets. This deal is perfect for investors looking for value-add, pride of ownership assets in a good neighborhood.

Listed By CRMLS_CA / Cameron Samimi / Lyon Stahl Investment Real Estate, Inc. / 310-259-7556

Last checked: Checking… • Last updated Mar 14, 2025 •

MLS# SB25054169 —

The Building

Year Built:

1989
Year Built Source:

Assessor
New Construction:

No
Building Area Total:

15869.00
Building Area Units:

Square Feet
Total Number Of Units:

31
# of Buildings:

1
Stories Total:

2
Entry Level:

1
Common Walls:

2+ Common Walls
# of Separate Gas Meters:

31
# of Separate Water Meters:

31
# of Separate Electric Meters:

31

Interior

Laundry:

Community
Laundry:

1

Location

Directions:

West of the 118 Freeway. Major cross streets are E Los Angeles Ave and First Street
Latitude:

34.27049300
Longitude:

-118.77373800

The Property

Property Type:

Residential Income
Subtype:

Apartment
Zoning:

RVH-34.8
Lot Features:

0-1 Unit/Acre, Corner Lot
Lot Size Area:

36982.0000
Lot Size Acres:

0.8490
Lot Size SqFt:

36982.00
Lot Size Source:

Assessor
Property Attached:

1
Additional Parcels:

No
Land Lease:

No

Listing Agent

Contact info:

Taxes

Tax Census Tract:

78.00
Tax Tract:

1234
Tax Lot:

39,40

The Listing

Special Listing Conditions:

Standard
Parcel Number:

6320020555
Showings Begin:

2025-03-13

Utilities

Sewer:

Public Sewer
Water Source:

Public

The Community

Features:

Urban
Pool:

None
Senior Community:

No
Private Pool:

No

Parking

Parking:

Yes
Parking:

Carport

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
3/13/25 Mar 13, 2025	Listed / Active	CRMLS_CA	$5,700,000

Want a closer look?

Go see 1850 Williams Street

Or Call Toll Free 1-800-241-3327

We guarantee that we’ll never spam you.

* indicates a required field

More homes

Newest listings in Simi Valley, CA

Similar sold homes

This multifamily located in Simi Valley Town Center, Simi Valley, CA 93065 is currently for sale for $5,700,000. 1850 Williams Street is a – square foot multifamily with – beds and – baths that has been on Estately for 1 days. 1850 Williams Street is in the Simi Valley Town Center neighborhood of Simi Valley and has a WalkScore® of 77, making it very walkable. This multifamily is in the attendance area of Royal High School, Sinaloa Middle School, and Berylwood Elementary School.

Listing Courtesy of: CRMLS_CA and Lyon Stahl Investment Real Estate, Inc.. Based on information from California Regional Multiple Listing Service, Inc. as of 18:08 on Mar 14.

This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.