Duplex with Accessory Dwelling
For Sale
$975,000
1582 Dakin, Simi Valley, CA 93065
Two separate residences offer flexible occupancy, with a private patio, separate entrance, and laundry in the accessory dwelling unit.
Property Size2,123 SF
Days on Market45
Property Features for 1582 Dakin
General Information
Standard status
Active
Size
2,123 SF
Property subtype
Duplex
Additional Details
Multifamily Units
2
Amenities
private backyard
laundry room
separate entrance
private patio
Building Details
Building Size
2,123 SF
Year Built
1962
Listing Agency:
Pinnacle Estate Properties
Listed By:
Ena Erazo · License #01353219
Source:
Truthrealty
Added: Jul 19
Changed: Aug 30
Last Checked: Aug 31 at 9:32PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Pinnacle Estate Properties
Investment Insights
Based on property information with market context.
Located at 1582 Dakin in Simi Valley, this duplex property includes a four-bedroom, two-bathroom main residence and a separate accessory dwelling unit. The main home offers living areas with natural light and a private backyard. Its additional residence measures approximately 875 square feet and contains two bedrooms and one bathroom.
Completed in 2023, the ADU includes a private entrance, patio, and laundry room. The configuration supports multigenerational living, guest accommodations, a home office, or rental use. The property was built in 1962 and is within walking distance of Royal HS, with shopping, dining, and city transportation accessible nearby.
Completed in 2023, the ADU includes a private entrance, patio, and laundry room. The configuration supports multigenerational living, guest accommodations, a home office, or rental use. The property was built in 1962 and is within walking distance of Royal HS, with shopping, dining, and city transportation accessible nearby.
Key Highlights
- Four‑bedroom, two‑bathroom main residence
- Approximately 875 square feet in the accessory dwelling unit
- Two‑bedroom, one‑bathroom ADU completed in 2023
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$36,233
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.72%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$724,660
$724.7K
Cap Rate 7%
$517,614
$517.6K
Cap Rate 9%
$402,589
$402.6K
Market Conditions
NOI Build-Up for 2,123 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$54.8K $25.80/SF
− Vacancy
−$3.0K −$1.42/SF
EGI
$51.8K $24.38/SF
− OpEx
−$15.5K −$7.31/SF
NOI
$36.2K $17.07/SF
Area
Simi Valley, CA
Vacancy
5.50%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$724,660
Cap Rate 7%
$517,614
Cap Rate 9%
$402,589
Alternative Uses
Best Use
Multifamily LT 5
$517.6K
$452.9K – $603.9K
NOI $36,233 @ 7.0% cap · market cap 3.72%
Second Best
Apartment 5plus
$464.9K
$406.8K – $542.4K
NOI $32,544 @ 7.0% cap · market cap 3.34%
Theoretical Best
Office A
$690.4K
$604.1K – $805.5K
NOI $48,327 @ 7.0% cap · market cap 4.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
509
Businesses Nearby
Explore this area
Business Placement
Demographics for 93065, CA
73,943
Population
26,260
Households
2.8
Avg Household Size
41
Median Age
38%
College-Educated
92%
High-School Grad
29.8 sq mi
ZIP Area
2,481
Density / Sq Mi
$113,893
Median Household Income
$57,549
Median Earnings
$2,612
Median Rent
$759,700
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences offer flexible occupancy, with a private patio, separate entrance, and laundry in the accessory dwelling unit.
Where is this duplex located?
The property is located at 1582 Dakin Simi Valley, CA.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: Four‑bedroom, two‑bathroom main residence; Approximately 875 square feet in the accessory dwelling unit; Two‑bedroom, one‑bathroom ADU completed in 2023
