Simi Valley CA Real Estate & Commercial for Sale

Located at the intersection of Royal and Sycamore. Excellent location. We will provide the rent roll and financial information on request.

2353 & 2387 Tapo Street is currently 100% leased, with a mix of long-term tenants paying below-market rents. Divided into six units, three tenants operate on a month-to-month basis, presenting immediate potential for rental upside or owner-occupancy. Current rents are more than 30% below market, providing significant value-add opportunities through strategic lease negotiations or repositioning. The property boasts 42 parking spaces and multiple points of ingress and egress, ensuring convenient access for tenants and patrons alike. Located within a highly trafficked retail corridor, the site sees approximately 16,200 vehicles per day on Tapo Street and benefits from proximity to the Ronald Reagan Freeway (126,000+ CPD) and Tapo Canyon Road (29,500+ CPD). The surrounding submarket is affluent, with average household incomes exceeding $127,000 within a 2-mile radius and a median home value of nearly $850,000. Additionally, the property benefits from flexible zoning, allowing for potential long-term redevelopment into mixed-use or multifamily housing. Across the street, the Santa Susana Plaza is undergoing a significant redevelopment to include 280 multi-family units, a community park, and a resident-only parking garage, further enhancing the area's growth and investment appeal.

Unique freestanding building. Great corner location in high traffic count mid-Simi Valley thoroughfare spot. EZ access to 118 freeway east or west, plus fast access to Wood Ranch and 23 freeway, also easy to get to the heart of Moorpark or Thousand Oaks via surface streets.2 story stucco & Spanish tile styling. Upper floor is currently 4 business suites with 2 common rest rooms. All upper spaces have great views front & back from large windows. But the corner spaces have REALLY great corner window shots looking out. The ground floor is currently 2 approx 1000sf office spaces, each with their owner single rest rooms. 6 roof mounted dual pack HVAC systems. Cable & Fiber optics are installed. 2 walk-up stair cases, one front external & one internal from rear of building. Upper floor currently 4 vacant offices. Ground floor: 2 tenants can be negotiated to vacate for Owner-User buyer.