2387 Tapo Street, Simi Valley, CA 93063 - Berkshire Hathaway HomeServices California Properties
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2387 Tapo Street, Simi Valley, CA 93063

$1,900,000 Approx. USD 0 beds, 0 baths
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Listing Agent


Mark Cianciulli | mark@cremgroupre.com
Lic#: 01990266
Broker: Courtesy of The CREM Group

Agent Remarks

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.

Listing Details

Property type: (Commercial)
Status: Active
MLS# 25489019
Price: $1,900,000
HOA Fee is $0.00
Built in 1979
0.84 acres
Lot size: 0.8400
County: Ventura
Zoning: CPD
MLS area: SVC - Central Simi

Last Updated: 1/24/2025

 Days On Market (DOM): 99

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This listing belongs to the SVC - Central Simi MLS area

Lat/Long: 34.278392, -118.709460.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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