Six-Unit Townhome
For Sale
$3,999,000
1740 Patricia Avenue, Simi Valley, CA 93065
New construction six-townhome property in Simi Valley, with three-bedroom layouts and attached two-car garages.
Property Size10,500 SF
Price / SF$380.86
Days on Market111
Property Features for 1740 Patricia Avenue
General Information
Standard status
Active
Size
10,500 SF
Property subtype
Multi-family
Additional Details
Multifamily Units
6
Amenities
smart home amenities
Building Details
Year Built
2026
Listing Agency:
RE/MAX ONE
Listed By:
Steven Aslanian
(714) 497-3550
Source:
Sevengables
Added: Apr 13
Changed: Jul 25
Last Checked: Aug 1 at 4:47AM
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
Investment Insights
Based on property information with market context.
For sale, this newly constructed six-unit townhome community offers modern, open-concept living across six residences. Each townhome features three bedrooms and 2.5 bathrooms, with approximately 1,700–1,800 square feet of interior space and an attached two-car garage. Interior finishes include laminate wood flooring, quartz countertops, and recessed lighting, with stainless steel appliances in the kitchen. Smart home amenities are also included for added convenience.
Located at 1740 Patricia Avenue in Simi Valley, the property is positioned near shopping and dining and provides access to commuter routes.
Each residence is designed for everyday functionality and entertaining, combining updated finishes with practical garage parking, in a limited-offering format.
Located at 1740 Patricia Avenue in Simi Valley, the property is positioned near shopping and dining and provides access to commuter routes.
Each residence is designed for everyday functionality and entertaining, combining updated finishes with practical garage parking, in a limited-offering format.
Key Highlights
- New construction 6‑townhome property in Simi Valley (year built 2026) at 1740 Patricia Ave
- Each townhome offers 3 bedrooms and 2.5 bathrooms with approx. 1,700–1,800 sq ft of living space
- All residences include an attached 2‑car garage
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $308.7k | $29.40 |
| − Vacancy | −$16.1k | −$1.53 |
| EGI | $292.6k | $27.87 |
| − OpEx | −$131.7k | −$12.54 |
| NOI | $161.0k | $15.33 |
10,500 SF · lease $29.40/SF/yr · vacancy 5.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$2.30M
$2.01M – $2.68M
NOI $160,956 @ 7.0% cap · market cap 4.02%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.41M
$2.99M – $3.98M
NOI $239,017 @ 7.0% cap · market cap 5.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
1,596
Businesses Nearby
Explore this area
Business Placement
Demographics for 93065, CA
73,943
Population
26,260
Households
2.8
Avg Household Size
41
Median Age
38%
College-Educated
92%
High-School Grad
29.8 sq mi
ZIP Area
2,481
Density / Sq Mi
$113,893
Median Household Income
$57,549
Median Earnings
$2,612
Median Rent
$759,700
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - New construction six-townhome property in Simi Valley, with three-bedroom layouts and attached two-car garages.
Where is this apartment building located?
The property is located at 1740 Patricia Avenue Simi Valley, CA.
What is the asking price?
The asking price for this property is $3,999,000.
What are key features of this property?
This property features: New construction 6‑townhome property in Simi Valley (year built 2026) at 1740 Patricia Ave; Each townhome offers 3 bedrooms and 2.5 bathrooms with approx. 1,700–1,800 sq ft of living space; All residences include an attached 2‑car garage
