Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1740 Patricia Ave Simi Valley, CA 93065

    View on Map
    Claim this Listing
    New
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $4,300,000

    Six new construction townhomes with modern design and smart amenities.

    Type:Investment
    Property size:
    1,800 SF
    Added:
    Apr 22, 2026
    Days on Market:
    7
    Last Refresh:
    Apr 22 at 2:18 am

    Property Features for 1740 Patricia Ave

    General Information

    Standard status
    Active
    Size
    1,800 SF
    Property subtype
    Investment

    Building Details

    Year Built
    2026

    We can help!

    Listing Contact
    Steven Aslanian

    Listing agent Steven Aslanian License #01130429

    Listing office RE/MAX One

    Listing date Apr 22, 2026

    Source Elliman

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX One

    Overview

    New Townhomes in Simi Valley

    Located at 1740 Patricia Ave in Simi Valley, this property features six newly constructed townhomes. Each residence includes 3 bedrooms and 2.5 bathrooms, offering approximately 1,700 to 1,800 square feet of living space. Each unit also has an attached 2-car garage. The townhomes feature open-concept floor plans, laminate wood flooring, quartz countertops, and recessed lighting. The kitchens are equipped with stainless steel appliances. Smart home amenities are included. The location provides access to shopping, dining, and commuter routes. The property is located in an area that is somewhat bikeable, car-dependent, and has some transit options.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Simi Valley
    County
    Ventura
    State
    California
    Longitude
    -118.7650958
    Latitude
    34.2696286

    Nearby Similar for Sale

    • $700,000

      Established Medical Transportation Business Opportunity

      Non-emergency medical transportation business for sale in Simi Valley.
      1919 Williams Street, Simi Valley, CA 93065
      View Details
    • $475,000

      Established Simi Valley Play Center

      Turnkey children's entertainment business in Simi Valley Town Center.
      1555 Simi Town Center Way, Simi Valley, CA 93065
      View Details
    • $4,300,000
      10,500 SF

      New Townhomes in Simi Valley

      Six new construction townhomes with modern amenities in Simi Valley.
      1740 Patricia Avenue, Simi Valley, CA 93065
      View Details
    • $639,990
      1,211 SF

      Updated Duplex in Simi Valley

      Tastefully updated duplex with spacious layout and private yard.
      2263 Workman Avenue, Simi Valley, CA 93063
      View Details
    • $325,000

      Home Health Agency Business Opportunity

      Turnkey home health agency for sale in Simi Valley.
      1919 Williams Street, Simi Valley, CA 93065
      View Details
    • $682,500
      5,006 SF

      Simi Valley Office Building Interest

      Undivided interest in well-maintained, multi-tenant office building for sale.
      1791 Erringer Road, Simi Valley, CA 93065
      View Details
    • $6,750,000
      44,881 SF

      Simi Valley DIY Home Center

      44,881 SF single-tenant NNN property on 2.89 acres.
      2695 Cochran St, Simi Valley, CA 93065
      View Details
    • $660,000
      1,650 SF

      Freestanding Office Building in Simi

      Two freestanding office buildings totaling 1,650 SF in Simi Valley.
      1951 Galt Street, Simi Valley, CA 93065
      View Details
    • $3,200,000
      2,495 SF

      Del Taco Ground Lease Opportunity

      Passive net lease investment with zero landlord responsibilities.
      1098 ENCHANTED WAY, SIMI VALLEY, CA 93065
      View Details
    • $3,100,000
      25,403 SF

      Medical Office Condo First Floor

      Medical office condo for sale or lease, entire first floor.
      2876 N. Sycamore Drive, Suite 101, Simi Valley, CA 93065
      View Details
    • $1,157,500
      2,579 SF

      Commercial Property in Simi Valley

      Commercial property with 2579 square feet of space.
      875 Cochran St, Simi Valley, CA 93065
      View Details
    • $3,300,000
      7,576 SF

      Freestanding Industrial Building For Sale

      7,576 SF industrial building with fenced yard on 17,860 SF land.
      4450 Shopping Ln, Simi Valley, CA 93063
      View Details

    FAQs

    What type of property is this?
    Apartment building - Six new construction townhomes with modern design and smart amenities.
    Where is this apartment building located?
    The property is located at 1740 Patricia Ave Simi Valley, CA.
    What is the asking price?
    The asking price for this property is $4,300,000.
    What are key features of this property?
    This property features: New construction townhome in Simi Valley.; Boasting 3 bedrooms and 2.5 bathrooms with approximately 1,700‑1,800 square feet of living space.; Attached 2‑car garage.
    (818) 599-3322
    We can help!
    Listing Contact
    Steven Aslanian
    Real Estate License ID: 01130429
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!