*CALL FOR OFFERS ON MARCH 28th* We are pleased to present the Westgate Apartments, a pride of ownership 31 unit asset in the highly desirable market of Simi Valley. The property is currently being operated as a senior apartment building, but all covenants have expired and a new owner may choose to operate it with traditional tenants moving forward. The subject property has nearly 75% upside available in scheduled gross income, offering an ideal value add opportunity. The property currently collects ~$36k/month in rental income and is offered at only $183k/unit. Once all units are rented for market, the property will operate at a 10.05% cap rate and 6.96 GRM. 1850 Williams St is comprised of (31) 1Bed+1Bath units some units have gone through light renovations as they've turned over. There is a common space room, as well as outdoor areas for grilling and socializing. The property is very well parked and protected by a gated electric fence. 1850 Williams St is located in the heart of Simi Valley just minutes away from restaurants, retail and supermarkets. This deal is perfect for investors looking for value add, pride of ownership assets in a good neighborhood.