Duplex with Flexible
For Sale
$869,000
1874 Hubbard Street, Simi Valley, CA 93065
Residential, Simi Valley, CA
Property Size1,800 SF
Lot Size0.24 Acres
Price / SF$482.78
Days on Market10
Property Features for 1874 Hubbard Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
5
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 1, Bedroom 5, Bathroom 1, Bedroom 2, Bathroom 2, Bathroom 3, Bedroom 4, Bedroom 3
Parking
4
Parking features
Side By Side, Guest, Oversize, Driveway, RV
Security features
Security Lighting
Patio and Porch features
Porch
Appliances
Microwave, Free-Standing Gas Range
Lot features
Fenced Yard, Fully Fenced, Yard
Subdivision
SVW - Simi West
Standard status
Active
APN
6320030665
Size
1,800 SF
Lot size
0.24 Acres
Utilities
Sewer type
Public Sewer
Heating system
Wall Furnace
Water source
Public
Amenities
laundry room
Building Details
Year built
1950
Floors in Building
1
Flooring type
Tile - Ceramic, Simulated wood
Additional Structures
Guest House
Listing Agency:
Sunset Coast Realty
Listed By:
Damian Lindo · License #01840764
(805) 300-0045
Added: Sep 6
Changed: Sep 13
Last Checked: Sep 15 at 5:06PM
MLS# 226004244
Copyright © 2026 Conejo Simi Moorpark Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1,800-square-foot duplex property, built in 1950, includes a main residence and a semi-attached one-bedroom, one-bathroom ADU with its own entrance and backyard. The main home has been rented as a four-bedroom, two-bathroom residence, while the layout also supports alternate configurations described in the existing floor plan. A centrally located laundry room serves the residences, and interior finishes include simulated wood and ceramic tile flooring. Heating is provided by wall furnaces, with a microwave and free-standing gas range included.
The property occupies a 0.24-acre lot with an expansive open yard, driveway parking, side-by-side spaces, guest parking, and room designated for RV and oversize parking. Public water and public sewer serve the property. High-density zoning is identified in the property information, and the site offers multiple existing living arrangements for consideration.
The property occupies a 0.24-acre lot with an expansive open yard, driveway parking, side-by-side spaces, guest parking, and room designated for RV and oversize parking. Public water and public sewer serve the property. High-density zoning is identified in the property information, and the site offers multiple existing living arrangements for consideration.
Key Highlights
- 1,800‑square‑foot duplex property on a 0.24‑acre lot
- Semi‑attached 1‑bedroom, 1‑bathroom ADU with separate entrance and backyard
- Main residence has been rented as a 4‑bedroom, 2‑bathroom home
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
$30,720
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
3.54%
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%
$614,400
$614.4K
Cap Rate 7%
$438,857
$438.9K
Cap Rate 9%
$341,333
$341.3K
Market Conditions
NOI Build-Up for 1,800 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
$46.4K $25.80/SF
− Vacancy
−$2.6K −$1.42/SF
EGI
$43.9K $24.38/SF
− OpEx
−$13.2K −$7.31/SF
NOI
$30.7K $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%
$614,400
Cap Rate 7%
$438,857
Cap Rate 9%
$341,333
Alternative Uses
Best Use
Multifamily LT 5
$438.9K
$384.0K – $512.0K
NOI $30,720 @ 7.0% cap · market cap 3.54%
Second Best
Apartment 5plus
$394.2K
$344.9K – $459.9K
NOI $27,592 @ 7.0% cap · market cap 3.18%
Theoretical Best
Office A
$585.3K
$512.2K – $682.9K
NOI $40,974 @ 7.0% cap · market cap 4.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,833
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Duplex - High-density residential property with an accessory dwelling unit, adaptable living arrangements, and substantial outdoor storage capacity.
Where is this duplex located?
The property is located at 1874 Hubbard Street Simi Valley, CA.
What is the asking price?
The asking price for this property is $869,000.
What are key features of this property?
This property features: 1,800‑square‑foot duplex property on a 0.24‑acre lot; Semi‑attached 1‑bedroom, 1‑bathroom ADU with separate entrance and backyard; Main residence has been rented as a 4‑bedroom, 2‑bathroom home
