1540 Oak Road
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1540 OAK ROAD CASEY PICARD SIMI VALLEY, CA Managing Partner 626.376.9224 Office 93063 626.716.4451 Mobile Cal BRE #01921866 development opportunity [email protected] APN: 6370-140-370 STEVE CHANG Partner AGGREGATE INVESTMENT PARTNERS 626.381.9885 Office 251 S. Lake Ave # 320 626.491.2668 Mobile Pasadena, CA 91101 Cal BRE #: 02028509 O | 626.204.3400 [email protected] [email protected] BROKER OF RECORD CAL BRE#: 01444805 CONFIDENTIALITY AGREEMENT AGGREGATE INVESTMENT PARTNERS All materials and information received or derived from KW Commercial its directors, officers, agents, advisors, affiliates and/or any third party sources are provided without representation or warranty as to completeness , veracity, or accuracy, condition of the property, compliance or lack of compliance with applica-ble governmental requirements, developability or suitability, financial performance of the property, projected financial performance of the property 1540 OAK ROAD | SIMI VALLEY, CA for any party’s intended use or any and all other matters. Neither Aggregate Investment Partners its directors, officers, agents, advisors, or affiliates makes any representation or warranty, express or implied, as to accuracy or completeness of the any materials or information provided, derived, or received. Materials and information from any source, whether written or verbal, that may be furnished for review are not a sub-stitute for a party’s active conduct of CONTENT its own due diligence to determine these and other matters of significance to such party. Aggregate Investment Partners will not investigate or verify any such matters or conduct due diligence for a party unless otherwise agreed in writing. EACH PARTY SHALL CONDUCT ITS OWN INDEPENDENT INVESTIGATION AND DUE DILIGENCE. Any party contemplating or under contract or in escrow for a transaction is urged to verify all information and to conduct their own inspections and investigations including through appropriate third party inde-pendent professionals selected by such party. All financial data should be verified by the party Property Overview Financial Overview including by obtaining and reading applicable documents and reports and consulting appropriate independent professionals. Aggregate Investment Partners Construction Costs makes no warranties and/or representations regarding the veracity, completeness, or relevance of any financial data or assumptions. Aggregate Investment 04 10 Partners does not serve as a financial advisor to any party regarding any proposed transaction. All data and assump-tions regarding financial performance, including that used for financial modeling purpos-es, may differ from actual data or performance. Any estimates of market rents and/or projected rents that may be provided to a party do not necessarily mean that rents can be established at or increased to that level. Parties must evaluate any applicable contrac- Location Overview Sale Comparables tual and governmental limitations as well as market conditions, vacancy factors and oth-er issues in order to determine rents from or for the property. Legal Neighborhood Attractions Residential Land 06 Neighborhood Highlights 12 Single Family Residences questions should be discussed by the party with an attorney. Tax questions should be discussed by the party with a certified public accountant or tax attorney. Title questions should be discussed by the party with a title officer or attorney. Questions regarding the condition of the proper-ty and whether the property complies with applicable governmental requirements should be discussed by the party with appropriate engineers, architects, contractors, other consultants and governmental agencies. All properties and services are marketed by Pasadena in compliance with all applicable fair housing and equal opportunity laws PROPERTY OVERVIEW 1540 OAK ROAD Located on Oak Road in Simi Valley, California, this development asset is best suited for a planned development for multiple single family dwellings. With an approximate size of 2.8 acres, the lot has a slight incline and rests south of the 118 Freeway. PROPERTY DETAILS • Within walking distance to Vons, Rite Aid, SIMI VALLEY Simi Valley is a synclinal valley in Southern California to the north and Simi Hills to the east and south. Sale Price: $ 1,900,000 7 Eleven, Jack in the Box, U.S. Bank, Pet The valley covers an area of about 62 square miles in southern Ventura County, bordering the San Price Per SF: $ 15.36 Hospital, and many more that will meet any Fernando Valley in Los Angeles County. Lot Size: 123,710 SF local's needs. WALK-SCORE HIGHLIGHTS Zoning: RMOD • Nearby parks include Verde Park, Arroyostow • WALK SCORE OF 71 - Simi Valley has an average walk score of 71 with 124,237 residents. Most APN: 6370-140-370 Park, Rocky Pointe Natural Park, errands can be accomplished on foot. • Nearby schools include Knolls Elementary, • TRANSIT SCORE OF 61 - WIthin proximity to many public transport options; Amtrak, Metrolink, Simi Valley High School, White Oak Bus Stations, etc. Elementary, and Katherine Elementary. • BIKE SCORE OF 58 - Simi Valley is somewhat bikeable. 4 AGGREGATE INVESTMENT PARTNERS 1540 OAK RD SIMI VALLEY, CA OFFERING MEMORANDUM AGGREGATE INVESTMENT PARNERS 5 SIMI VALLEY, CA The city of Simi Valley is in the southeast corner of Ventura County 30 miles from Downtown Los Angeles, SImi Valley is part of the Greater Los Angeles Area. The city sits next to Thousand Oaks, Moorpark, and Los Angeles. The city's 2014 population has been estimated at 126,871 up from 111,351 in 2000. The City of Simi Valley is surrounded by the Santa Susana Mountain range and the Simi Hills, west of the San Fernando Valley, and northeast of the Conejo Valley. It is largely a commuter bedroom community, feeding the cities in the Los Angeles Area and the San Fernando Valley to the east, and cities in the Ventura county to the west. 6 AGGREGATE INVESTMENT PARTNERS 1540 OAK RD SIMI VALLEY, CA OFFERING MEMORANDUM AGGREGATE INVESTMENT PARNERS 7 NEIGHBORHOOD NEIGHBORHOOD HIGHLIGHTS ATTRACTIONS • SIMI VALLEY, CALIFORNIA- Simi Valley is home to the Ronald Reagan Presidential library, which has been visited by more than 1 million people since it optened. After a major state funeral in Washington D.c., President Reagan was buried at the library in June 2004. • The Montalvo Cutoff, a railroad line opened by the Southern Pacific Railroad in 1904, to improve the alignment of its Coast Line, run east-west through the valley. EDUCATION | Simi Valley is served by the Simi HISTORICAL LANDMARKS | Home to the Ronald MOUNTAIN TRAILS | With Simi Valley nestled in • Rail Simi Valley Station is used by Amtrak and Valley Unified School District. Santa Susana High Reagan Presidential Library, this historical the mountains, there are a wide variety of trails to Metrolink on railroad's Ventura County Line. These School, one of five high schools in the area, has been landmark was visited by more than 1 million people choose from when looking for an easy, moderate or trains, as well as buses, run 7 days a week and stop in named as a silver medal winner in the U.S. News since it opened. In 2004, President Reagan was challenging hike. The top five trails include Rocky buried at the library. The library adjoins a hangar Simi Valley several times a day. & World Reports "Top 500 Schools in America." Peak, Hummingbird, Chumash trails, the Long Simi Valley High School, was ranked amount in which the Boeing 707 SAM 27000 (Air Force One), Canyon Loop, and Corriganville Park. These trails MSNBC's top 1,000 High Schools in the country. which served presidents Nixon through G.W. Bush, feature beautiful wild flowers and scenery. Schools of higher education located nearby include is housed and available for tours. In the pavilion Moorpark College, Cal State Northridge, Cal are various automobiles used to transport the State Channel Islands, California Lutheran president, as well as Marine One, the presidential University, University of LaVerne, University of Santa helicopter. Barabara, and a few more located deeper in the Los Angeles County. 8 AGGREGATE INVESTMENT PARTNERS 1540 OAK RD SIMI VALLEY, CA OFFERING MEMORANDUM AGGREGATE INVESTMENT PARNERS 9 SALE SALE COMPARABLES COMPARABLES RESIDENTIAL LAND | SUMMARY RESIDENTIAL LAND | In this Address Price Type Lot SF Lot Acre Price per SF Price per AC section, we compare the recent sales SUBJECT PROPERTY in the City of Simi Valley. Through 1540 Oak Road $ 1,900,000 Residential Land 123,710 SF 2.83 AC $ 15.36 $ 441,696.11 these examples of recent property Simi Valley, CA sales, we are able to value the Country Club Dr & Mahogan Lane subject property based on upside $ 3,051,000 Residential Land 214,751 SF 4.93 AC $ 14.21 $ 618,684.10 potential in income as well as the Simi Valley, CA 93065 physical metrics of the buildings. 2031 Donville Ave $ 415,000 Residential Land 19,462 SF 0.45 AC $ 21.32 $ 928,827.22 Simi Valley, CA 93065 1231 Erringer Road $ 1,000,000 Residential Land 60,548 SF 1.39 AC $ 16.52 $ 719,424.46 Simi Valley, CA 93065 5496 East Los Angeles Ave $ 950,000 Residential Land 58,806 SF 1.35 AC $ 16.15 $ 703,703.70 Simi Valley, CA 93063 1590 Patricia Ave $ 740,000 Residential Land 34,325 SF 0.79 AC $ 21.56 $ 939,086.29 Simi Valley, CA 93065 4284-4298 Presidio Dr $ 760,000 Residential Land 43,168 SF 0.99 AC $ 17.61 $ 766,902.12 Simi Valley, CA 93063 Total Averages - Residential Land $ 1,152,667 - 71,844 SF 1.65 AC $ 17.90 $ 799,438 10 AGGREGATE INVESTMENT PARTNERS 1540 OAK RD SIMI VALLEY, CA OFFERING