910 Ashland Avenue

Simi Valley, CA 93065

$7,950,000
Price
3
Beds
3
Baths
25,200 Sq. Ft.
$315 / Sq. Ft.
25,200
Sq. Ft.
$315
per Sq. Ft.

Description

Nestled in the heart of Simi Valley, California, 910-958 Ashland Ave encompasses four charming two-story apartment buildings. These timeless properties, dating back to the early 1960s, offer a distinctive unit mix that caters to a variety of tenant preferences, including (16) Studio units, (16) One-bedroom One-bathroom units, and (4) Two-bedroom One-bathroom units. The thoughtful design of these buildings ensures that residents enjoy a comfortable and hassle-free living experience. Each building...Nestled in the heart of Simi Valley, California, 910-958 Ashland Ave encompasses four charming two-story apartment buildings. These timeless properties, dating back to the early 1960s, offer a distinctive unit mix that caters to a variety of tenant preferences, including (16) Studio units, (16) One-bedroom One-bathroom units, and (4) Two-bedroom One-bathroom units. The thoughtful design of these buildings ensures that residents enjoy a comfortable and hassle-free living experience. Each building is conveniently identified with its individual Assessor's Parcel Number (APN), providing clarity and ease of management. One of the standout features of 910-958 Ashland Ave is its unparalleled location adjacent to the bustling Simi Mall. Residents of this community benefit from seamless access to a plethora of high-end shopping boutiques, delectable dining establishments, and vibrant entertainment venues that abound in the vicinity. Moreover, the property is thoughtfully positioned in close proximity to a scenic lake and an array of hiking trails, offering residents abundant opportunities for outdoor enjoyment and recreation. The compelling combination of well-maintained structures, a strategic location in the heart of Simi Valley, and a unique unit mix positions 910-958 Ashland Ave as an irresistible and sought-after investment opportunity within the vibrant Simi Valley real estate market. This property beckons as a promising venture for discerning investors seeking to tap into the potential of this thriving community
  1. Listed by Daniel Withers • DRE #01325901 • Brokerage DRE #01469842 • Matthews Real Estate Investment Services

Property Details for 910 Ashland Avenue

Zoning
RH-15
Parcel Number
6310123230
Total Units
36.0
Living Area
25200
Source Living Area
Other
Area
Simi Valley West (SVW)
Vacancy Rate
-3
Lot Size Area
7052

Location

Listing Courtesy of Matthews Real Estate Investment Services, Daniel Withers, DRE #01325901
Add your commute
LISTING UPDATED: 02/02/2024 12:49 PM

Property Details for 910 Ashland Avenue

StatusActive
MLS #24-354639
Days on Market116
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1963
Lot Size0.16 AC / 7,052 SF
CountyVentura County

Location

Listing Courtesy of Matthews Real Estate Investment Services, Daniel Withers, DRE #01325901
Add your commute

Building Information for 910 Ashland Avenue

Stories2Residences-Year Built1963Building Size-Lot Size0.16 AC / 7,052 SF

Payment Calculator

$44,119 per month

30 year fixed, 7.25% Interest

Principal and Interest

$43,386

Property Taxes

$733

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 910 Ashland Avenue

Community / Development
Community / Development
  • Number Of Units: 36
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Other
  • Number Of Stories: 2
  • Number Of Buildings: 4
  • Type Of Units: Apartments
  • Water Heaters: Yes
Contract Info
Contract Info
  • Disclosures: Other
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $514,860
  • Net Operating Income: $320,076.00
  • Gross Income: $520,680
  • Cap Rate: 4.03%
  • Gross Rent Multiplier: $14.99
  • Total Annual Expense: 194784
Land / Lot Info
Land / Lot Info
  • Additional Parcel Number: Yes
  • Lot Acreage: 0.1619
  • Lot Size Square Feet: 7052
Parking Details
Parking Details
  • Parking Garage: Other
  • Total Parking: 25
Interior Features
Interior Features
  • Levels: Two
  • Cooling Type: Other
  • Heating Type: Other
  • Equipment: Other
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: Other
Lease Terms
Lease Terms
  • Entry Date: 02-02-2024
Unit Details
Unit 1 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,026.00
  • Unit Actual Rent: $16,415.00
  • Unit Projected Rent: $16,415.00
  • Like Units: 16
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,307.00
  • Unit Actual Rent: $20,905.00
  • Unit Projected Rent: $20,905.00
  • Like Units: 16
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,100.00
  • Unit Actual Rent: $6,070.00
  • Unit Projected Rent: $6,070.00
  • Like Units: 4
Unit Details
  • Unit Type Type: 2106, 2107, 2108
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $268,567.00
  • Assessed Improvement Percent: 63.64
  • Assessed Land Value: $153,461.00
  • Assessed Land Percent: 36.36
  • Assessed Total Value: $422,028.00

Property History for 910 Ashland Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 910 Ashland Avenue

Taxable ValueLand$153,461Additions$268,567Total$422,028
Tax Record2023$8,795 ($733 / month)
Home Facts
Lot Size7,052 SqFtStyleMulti-Family Res (5+ Units)ZoningRH-1CountyVENTURAAPN631-0-123-230

Schools near 910 Ashland Avenue

This home is within Simi Valley Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 6 to 8
Public - 9 to 12
Public - K to 12
Rating
School
Distance
Arroyo Elementary School
PublicK to 6

Sinaloa Middle School
Public6 to 8

Royal High School
Public9 to 12

Monte Vista School
PublicK to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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910 Ashland Avenue is a multi-family home for sale in Simi Valley, CA 93065. This property was listed for sale on January 4, 2024 by Matthews Real Estate Investment Services, it's currently listed at $7,950,000. This listing's school district is Simi Valley Unified School District. Nearby schools include Arroyo Elementary School, Sinaloa Middle School and Royal High School. 910 Ashland Avenue is a 3-bed, 3-bath, 25,200 sqft multi-family home built in 1963.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Matthews Real Estate Investment Services, Daniel Withers, DRE #01325901

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.