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.
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Last updated Mar 14, 2025
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MLS# SB25054169 —
The Building
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Year Built:1989
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Year Built Source:Assessor
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New Construction:No
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Building Area Total:15869.00
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Building Area Units:Square Feet
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Total Number Of Units:31
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# of Buildings:1
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Stories Total:2
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Entry Level:1
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Common Walls:2+ Common Walls
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# of Separate Gas Meters:31
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# of Separate Water Meters:31
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# of Separate Electric Meters:31
Interior
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Laundry:Community
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Laundry:1
Location
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Directions:West of the 118 Freeway. Major cross streets are E Los Angeles Ave and First Street
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Latitude:34.27049300
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Longitude:-118.77373800
The Property
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Property Type:Residential Income
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Subtype:Apartment
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Zoning:RVH-34.8
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Lot Features:0-1 Unit/Acre, Corner Lot
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Lot Size Area:36982.0000
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Lot Size Acres:0.8490
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Lot Size SqFt:36982.00
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Lot Size Source:Assessor
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Property Attached:1
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Additional Parcels:No
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Land Lease:No
Listing Agent
- Contact info:
- No listing contact info available
Taxes
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Tax Census Tract:78.00
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Tax Tract:1234
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Tax Lot:39,40
The Listing
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Special Listing Conditions:Standard
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Parcel Number:6320020555
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Showings Begin:2025-03-13
Utilities
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Sewer:Public Sewer
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Water Source:Public
The Community
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Features:Urban
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Pool:None
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Senior Community:No
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Private Pool:No
Parking
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Parking:Yes
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Parking:Carport
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
3/13/25
Mar 13, 2025
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Listed / Active | CRMLS_CA | $5,700,000 |