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THE OPPORTUNITY
Kosmont Realty (“KR”) has been retained by the City of Moorpark as Housing Successor Agency to the former Redevelopment Agency of the City of Moorpark (“Housing Successor Agency” or “HSA” or “Seller”) as the exclusive representative in the disposition and sale of certain property owned by the former Redevelopment Agency of the City of Moorpark (“RDA”) pursuant to the requirements contained in the California legislation known as ABx1 26, AB 1484, and SB 107.
KR, on behalf of the Seller, is offering four (4) residential properties (“Properties”), which present unique opportunities for prospective buyers to acquire and reuse/develop former RDA owned properties in the City. The Seller will accept single property offers, multiple property offers, and/or offers for all of the subject Properties. Seller will consider residential market rate and/or affordable offers/proposals.
The City of Moorpark, located in the southeastern part of Ventura County, is a business-friendly city that has stable quality neighborhoods, enjoys an outstanding business area profile, and is just 50 miles northwest of downtown Los Angeles. Moorpark is consistently ranked as of one of the safest cities in the US and offers strong trade area demographics, excellent access to major freeways (23 and 118 freeways), educational institutions (Moorpark Community College), major airports (LAX, Burbank, Van Nuys and Oxnard), and convenient freight and passenger service.
PROPERTY HIGHLIGHTS
| ADDRESS | APN | LOT SIZE (SF) | OFFERING PRICE | COMMENTS | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | ADDRESS | 1293-1331 Walnut Canyon Rd. | APN | 511-0-040-120, 511-0-040-130, 511-0-040-140 | LOT SIZE (SF) | 0.81 AC | OFFERING PRICE | Contact Agent | COMMENTS | Vacant Land |
| 2 | ADDRESS | 1063-1123 Walnut Canyon Rd. | APN | 511-0-030-250, 511-0-030-260, 511-0-030-270, 511-0-030-280, 511-0-030-290, 511-0-030-300 | LOT SIZE (SF) | 1.56 | OFFERING PRICE | Contact Agent | COMMENTS | Vacant Land |
| 3 | ADDRESS | 780 Walnut Street | APN | 512-0--63-010 | LOT SIZE (SF) | 0.13 | OFFERING PRICE | Contact Agent | COMMENTS | Vacant Land |
| 4 | ADDRESS | Millard Street | APN | 506-0-020-525 | LOT SIZE (SF) | 1.33 | OFFERING PRICE | Contact Agent | COMMENTS | Vacant Land |
LISTING INFORMATION
Location
Address: Multiple Parcels
City: Moorpark, CA
Zip Code: Multiple
Area: Moorpark
State: CA
Neighborhood/Subdivision: Moorpark
County: Ventura County
TRANSACTION GUIDELINES
All questions and inquiries regarding the Property should be directed to the KR representatives identified herein.
The prospective buyer(s) will be selected by Seller in its sole and absolute discretion based on a variety of factors including but not limited to:
- Purchase Price
- Timing of due diligence and closing period
- Experience, qualifications, and proposed use for the property
- Financial Capacity
- Compliance with the City of Moorpark Zoning Code
Buyer(s) must submit offers no later than 3:00 p.m. PST on Wednesday, September 9, 2020. Prior to submitting an offer, buyer(s) are encouraged to verify the intended use of the property with the City to the satisfaction of buyer(s). Buyer(s) must submit an offer in writing via mail or electronically (preferred) to:
Kosmont Realty (License # 02058445)*
Attn: Mr. Brian Moncrief, Senior Managing Director
1230 Rosecrans Ave., Ste 630
Manhattan Beach, CA 90266
* Kosmont Real Estate Services, dba “Kosmont Realty"
DISCLAIMER: Do not rely on any measurements or placements of any improvements depicted or shown herein, as they are estimates only. The information above has been obtained from sources believed reliable. While we do not doubt its accuracy, we have not verified the data and make no guarantee, warranty or representations whatsoever. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the properties. The value of this transaction to you depends on multiple factors, which should be evaluated by your tax, financial, and legal advisors. No express or implied representations have been made regarding any conditions pertaining to soil and/or toxic waste, hazardous materials, and/or undesirable substances in or on the properties. You and your advisors should conduct a careful, independent investigation of the properties to determine to your satisfaction the suitability of the properties for your needs. The Seller may continue to solicit offers beyond the Offer Deadline if, in its respective sole determination, is not satisfied with the offers received. Development entitlements and sale of properties subject to City/Public Agency/Housing Successor Agency approval
FOR MORE INFORMATION CONTACT
