+12.34 Acres

Residential Medium

Unentitled

Unimproved

3719 Walnut Avenue is a unique opportunity to purchase ±12.34 acres across three contiguous parcels in supply constrained Simi Valley, CA.

The Property's General Plan Land Use designation is Residential Medium Density (RM), allowing for residential development with densities between 3.6-5.0 dwelling units per acre. The zoning of Residential Medium, like the general plan designation, allows residential development up to 5 dwelling units per acre. Furthermore, the Property has been identified in the 2021-2029 Simi Valley Housing Element as a residential land resource with a contemplated unit count of 30 units. 
 

• Prospective buyers will be able to add value through securing entitlements, and delivering new product to an extremely supply constrained market.
• Identified by the City of Simi Valley as a residential land resource in the City’s 2021- 2029 Housing Element.
• Represents one of the few remaining sites suited for residential development in the City, north of State Route 118. 
• The Property’s foothill location will demand a premium relative to any potential competing projects.