Located at the southwest corner of Tapo Canyon Road and Guardian Street in Simi Valley, Ventura County, CA, JLL is pleased to offer for purchase, part of or the entire fully-entitled seniors housing development.
The offering includes the entitlements, engineering and architectural work completed to date. The site size is 20.74 acres, current zoning is CPD and there are 357 permitted Units of Residential Care Facility for the elderly. Municipal utilities available to site.
The existing plan includes Phase 1, a 205 units of independent living, assisted living and memory care, and Phase 2 is an additional 152 units of independent living.
- Highly affluent, growing market area with a median HH income of $99,564 and the median HH value of $674,660
- Well located site with access and visibility from Tapo Canyon Rd, 1.1 mile south of Ronald Reagan Freeway
- Pre-COVID, seniors housing occupancy in the PMA was a strong 91.3%, higher than the MSA and national averages.
- Average rents were also high at $6,292 per month
- Buyers flexibility to purchase one or multiple parcels