SENIOR HOUSING (For Sale or Rent)

AGE-RESTRICTED HOMES OR CONDOMINIUM DEVELOPMENT
FOR-SALE CATEGORY - SIMI VALLEY

Email Di4RE@pacbell.net

EXISTING

• Most two story with Masters downstairs
• Small Clubhouse & pool
• Market-rate priced
• Age-restricted 55+
• H.O.A. monthly fee - yes

“Mobile Homes”  Total 262 age-restricted units

• 221 mobile homes in Friendly Village, 195 Tierra Rejada
• 41 in Crest Mobile Home Park, 5932 E. L.A. Ave.
• Controlled by State
• Age-restricted 55+

“Wood Ranch Luxury Villas”  525 Country Club Drive

Condominium development on North side of Country Club Dr., 1 block East of Wood Ranch Parkway  (Selling @ 2006, Feb 2008 = 50 % occupancy)

• (58) condo units, with 1 or 2  bedrooms (2 baths in 2 bedroom models)
• All have single floor living with elevators to access upstairs units (elevators are small, will not accommodate a gurney)
• Community pool & spa
• Pricing – 44 @ market-rate, 14 one bedroom units for lower income households
• Age-restricted 55+
• H.O.A. fees - yes

 “Paseo De Las Flores” – Condominium units on West side of Stearns, about 200 feet

                                         South of L.A. Ave.

• 36 – two & three bedroom condos (townhouses)
• Average 1,500 sq. ft.
• Some are 1-story, most have some space upstairs but Master Bed/Bath down
• Community Center, pool, spa
• Pricing – 26 @ market-rate, 9 two bedroom units for lower income households
• Age-restricted 62+ for the 9 affordable/55+ for market rate units
• H.O.A. fees - yes
• Expected completion  – selling 2008

“Runkle Canyon” – South end of Sequoia Ave

 461 homes include 138 senior condos for ages 62+.  Forty Five percent of the senior condos are affordable, for lower income households.  Project approved mid 2005 under GreenPark Properties.  Building to be by KB Homebuilders.  This is a huge parcel with 90% open space & trails, open to public.  Single family homes mixed with estate lots included in plan.

(project on hold pending Rocketdyne clean-up disposition)

L.A.-Madera Village – At Los Angeles Ave/Madera

Approved by City Council Jan 2008.  No estimate of start date other than site work for water drainage & street work.

Total of 266 FOR-SALE units on 16.82 acres, include117 townhomes, 64 2-story single family triplex homes, 30 family flats and 55 units of “senior” flats (in a separate senior-only building)

• Senior units 580 to 1,200 square feet
  • 28 market rate for age 55+
  • 27 affordable priced for age 62+
• Incorporates all new City-required Adaptable & Universal Design features (including accessible stall showers in ALL units)
• Dedicated Rec/Activity room
• Priority for Affordable units given to Simi residents, or seniors with family in Simi
• HOA – yes
• Community pool (not just for senior building)