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 fivehigh 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 MEMORANDUM AGGREGATE INVESTMENT PARNERS 11 The subject is very close to USC & DTLA and next door neighbors to a local Studio https://www.studios60.com
SALE COMPARABLES RESIDENTIAL LAND
Country Club & Mahogan Lane 2031 Donville Ave 1231 Erringer Road 5496 East Los Angeles Ave 1590 Patricia Ave 4284-4298 Presidio Dr Simi Valley, CA 93065 Simi Valley, CA 93065 Simi Valley, CA 93065 Simi Valley, CA 93065 Simi Valley, CA 93065 Simi Valley, CA 93065 Sale Price: $ 3,051,000 Sale Price: $ 415,000 Sale Price: $ 1,000,000 Sale Price: $ 950,000 Sale Price: $ 740,000 Sale Price: $ 760,000 Closing Date: 5/29/2015 Closing Date: 9/11/2015 Closing Date: 2/17/2017 Closing Date: 5/16/2016 Closing Date: 3/11/2016 Closing Date: 3/31/2015 Sub-Type: Residential Land Sub-Type: Residential Land Sub-Type: Residential Land Sub-Type: Residential Land Sub-Type: Residential Land Sub-Type: Residential Land Lot Size: 214,751 SF Lot Size: 19,462 SF Lot Size: 60,548 SF Lot Size: 58,806 SF Lot Size: 34,325 SF Lot Size: 43,168 SF 4.93 AC 0.45 AC 1.39 AC 1.35 AC 0.79 AC 0.99 AC Price/SF: $ 14.21 Price/SF: $ 21.32 Price/SF: $ 16.52 Price/SF: $ 16.15 Price/SF: $ 21.56 Price/SF: $ 17.61 Price/AC: $ 618,684.10 Price/AC: $ 928,827.22 Price/AC: $ 719,424.46 Price/AC: $ 703,703.70 Price/AC: $ 939,086.29 Price/AC: $ 766,902.12
12 AGGREGATE INVESTMENT PARTNERS 1540 OAK RD SIMI VALLEY, CA OFFERING MEMORANDUM AGGREGATE INVESTMENT PARNERS 13 The subject is very close to USC & DTLA and next door neighbors to a local Studio https://www.studios60.com
SALE COMPARABLES MAP OVERVIEW
SUBJECT PROPERTY 1540 Oak Rd Simi Valley, CA 93065 Country Club Dr & Mahogan Lane 1 Simi Valley, CA 93065 2031 Donville Ave 2 Simi Valley, CA 93065 1231 Erringer Road 3 Simi Valley, CA 93065 5496 East Los Angeles Ave 4 Simi Valley, CA 93065 1590 Patricia Ave 5 Simi Valley, CA 93065 4284-4298 Presidio Dr 6 Simi Valley, CA 93065
14 AGGREGATE INVESTMENT PARTNERS 1540 OAK RD SIMI VALLEY, CA OFFERING MEMORANDUM AGGREGATE INVESTMENT PARNERS 15 SALE SALE COMPARABLES COMPARABLES SINGLE FAMILY RESIDENCE | SUMMARY Address Price Sub-Type Lot SF Lot Acre Price per SF SINGLE FAMILY RESIDENCES 294 Sequoia Ave $ 724,689 Single Family 6,494 SF 0.15 AC $ 283.86 Simi Valley, CA 93065
288 Sequoia Ave $ 735,071 Single Family 6,033 SF 0.14 AC $ 264.80 Simi Valley, CA 93065
3459 Thistle Court $ 746,860 Single Family 6,831 SF 0.16 AC $ 292.54 Simi Valley, CA 93065
361 White Bark Lane $ 750,000 Single Family 6,857 SF 0.15 AC $ 310.69 Simi Valley, CA 93065
453 White Bark Lane $ 755,000 Single Family 7,059 SF 0.16 AC $ 229.34 Simi Valley, CA 93065
3436 Thistle Court $ 780,789 Single Family 7,870 SF 0.18 AC $ 305.83 Simi Valley, CA 93065
282 Sequoia Ave $ 785,242 Single Family 5,496 SF 0.13 AC $ 242.06 Simi Valley, CA 93065
576 Comet Ave $ 820,797 Single Family 10,157 SF 0.23 AC $ 309.98 Simi Valley, CA 93065
3453 Thistle Court $ 863,000 Single Family 6,478 SF 0.15 AC $ 266.03 Simi Valley, CA 93065
Total Averages - Single Family $ 773,494 - 7,031 SF 0.15 AC $ 278.35
16 AGGREGATE INVESTMENT PARTNERS 1540 OAK RD SIMI VALLEY, CA OFFERING MEMORANDUM AGGREGATE INVESTMENT PARNERS 17 The subject is very close to USC & DTLA and next door neighbors to a local Studio https://www.studios60.com
SALE COMPARABLES SINGLE FAMILY RESIDENCES
294 Sequoia Ave 288 Sequoia Ave 3459 Thistle Court 361 White Bark Lane 453 White Bark Lane 3436 Thistle Court Simi Valley, CA 93065 Simi Valley, CA 93065 Simi Valley, CA 93065 Simi Valley, CA 93065 Simi Valley, CA 93065 Simi Valley, CA 93065
Sale Price: $ 724,689 Sale Price: $ 735,071 Sale Price: $ 747,110 Sale Price: $ 765,500 Sale Price: $ 772,250 Sale Price: $ 780,789 Year Built: 2016 Year Built: 2016 Year Built: 2017 Year Built: 2016 Year Built: 2016 Year Built: 2017 Closing Date: 3/31/2017 Closing Date: 3/31/2017 Closing Date: 5/31/2017 Closing Date: 8/31/2017 Closing Date: 7/21/2017 Closing Date: 5/24/2017 Sub-Type: Single Family Residence Sub-Type: Single Family Residence Sub-Type: Single Family Residence Sub-Type: Single Family Residence Sub-Type: Single Family Residence Sub-Type: Single Family Residence Lot Size: 6,494 SF Lot Size: 6,033 SF Lot Size: 6,831 SF Lot Size: 6,857 SF Lot Size: 7,059 SF Lot Size: 7,870 SF Price/SF: $ 283.86 Price/SF: $ 264.80 Price/SF: $ 292.64 Price/SF: $ 310.69 Price/SF: $ 229.34 Price/SF: $ 305.83 Bed / Bath: 4 Bed / 2 Bath Bed / Bath: 4 Bed / 3 Bath Bed / Bath: 4 Bed / 2 Bath Bed / Bath: 3 Bed / 2 Bath Bed / Bath: 4 Bed / 3 Bath Bed / Bath: 4 Bed / 3 Bath
18 AGGREGATE INVESTMENT PARTNERS 1540 OAK RD SIMI VALLEY, CA OFFERING MEMORANDUM AGGREGATE INVESTMENT PARNERS 19 The subject is very close to USC & DTLA and next door neighbors to a local Studio https://www.studios60.com
SALE COMPARABLES SALE COMPARABLES SINGLE FAMILY RESIDENCES MAP OVERVIEW
SUBJECT PROPERTY 1540 Oak Rd Simi Valley, CA 93065
294 Sequoia Ave 1 288 Sequoia Ave
3459 Thistle Court 3436 Thistle Court 2 3453 Thistle Court
361 White Bark Lane 3 453 White Bark Lane 282 Sequoia Ave 576 Comet Avenue 3453 Thistle Court 576 Comet Avenue Simi Valley, CA 93065 Simi Valley, CA 93065 Simi Valley, CA 93065 4 Simi Valley, CA 93065 Sale Price: $ 785,242 Sale Price: $ 785,797 Sale Price: $ 863,000 Year Built: 2016 Year Built: 2016 Year Built: 2017 Closing Date: 3/31/2017 Closing Date: 7/29/2017 Closing Date: 5/24/2017 Sub-Type: Single Family Sub-Type: Single Family Sub-Type: Single Family Lot Size: 5,496 SF Lot Size: 10,157 SF Lot Size: 6,478 SF Price/SF: $ 242.06 Price/SF: $ 309.98 Price/SF: $ 266.03 Bed / Bath: 5 Bed / 3 Bath Bed / Bath: 3 Bed / 3 Bath Bed / Bath: 5 Bed / 3 Bath
20 AGGREGATE INVESTMENT PARTNERS 1540 OAK RD SIMI VALLEY, CA OFFERING MEMORANDUM AGGREGATE INVESTMENT PARNERS 21 CASEY PICARD STEVE CHANG Managing Partner Partner 626.376.9224 626.381.9885 Cal BRE #: 01921866 Cal BRE #: 02028509 [email protected] [email protected]
AGGREGATE IP Aggregate Investment Partners is affiliated
251 S. LAKE AVE SUITE 320 with KW Commercial, a commercial real estate PASADENA, CA 91101 brokerage which is individually owned and operated throughout the United States.
Phone: 626.376.9224 Email: [email protected] BROKER OF RECORD CAL BRE#: 01444805