The subject property is a Seniors 55 and over development opportunity located at 4862 Cochran Street in the city of Simi Valley. It is situated on 1.85 acres and is located in the Southeast part of Simi Valley.The fully entitled project consists of two buildings with the following unit mix: 42 one-bedroom units and 8 two-bedroom units. A density bonus to achieve 50 units was used which would require five units restricted to very low income ( 4 one-bedrooms and 1 two-bedroom units.) Each unit will have a private patio or balcony. This project is required to provide 50 covered spaces (one carport per unit) and will provided these throughout the site. In addition there will also be 12 uncovered guest spaces provided between the two buildings at the center of the site.