Contemporary Single-Story
2265 Workman Avenue, Simi Valley, CA 93063
For Sale
$629,000
Residential, Simi Valley, CA
Property Size1,240 SF
Lot Size0.12 Acres
Price / SF$507.26
Days on Market144
Property Features for 2265 Workman Avenue
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking features
Fireplace
Appliances
Subdivision
Standard status
APN
Size
Lot size
Taxes and HOA fees
HOA Fee
Utilities
Sewer type
Heating system
Cooling system
Water source
Building Details
Year built
Floors in Building
Flooring type
Building materials
Roof type
Architectural style
Listing Agency:
Keller Williams Exclusive Properties · Keller Williams Realty
(805) 777-7117
Listed By:
Andrew Steinfeld · License CA #01940098
(310) 877-3366
Added: Jun 25
Changed: Nov 1
Last Checked: Nov 15 at 12:06AM
MLS# 226002994
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.
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Investment Insights
Based on property information with market context.
This contemporary duplex property at 2265 Workman Avenue includes a 1,240-square-foot single-story residence on a 0.12-acre lot. The interior features an open floor plan, vaulted ceilings, wainscoting, crown molding, simulated wood flooring, and wood shutters. The layout provides 2 bedrooms, 2 full bathrooms, and a bonus room with its own heating and cooling unit. A kitchen dining bar, built-in banquette, sliding barn doors with storage, interior laundry area, and converted garage add practical functionality. The property was built in 1975 and includes central heating, wall/window and central air-conditioning options, a fireplace, driveway parking, composition roofing, wood and stucco construction, public water, and public sewer.
Key Highlights
- 1,240 SF single‑story duplex property on a 0.12‑acre lot
- 2 bedrooms, 2 full bathrooms, and a bonus room suitable for office or bedroom use
- Bonus room has a dedicated heating and cooling unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,008
Cap Rate
3.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$380,160
$380.2K
Cap Rate 7%
$271,543
$271.5K
Cap Rate 9%
$211,200
$211.2K
Market Conditions
NOI Build-Up for 1,240 SF
Gross rent
$36.5K $29.40/SF
− Vacancy
−$1.9K −$1.53/SF
EGI
$34.6K $27.87/SF
− OpEx
−$15.6K −$12.54/SF
NOI
$19.0K $15.33/SF
Area
Simi Valley, CA
Vacancy
5.20%
Lease Rate
$29.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$380,160
Cap Rate 7%
$271,543
Cap Rate 9%
$211,200
Alternative Uses
Best Use
Apartment 5plus
$271.5K
$237.6K – $316.8K
NOI $19,008 @ 7.0% cap · market cap 3.02%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$403.2K
$352.8K – $470.5K
NOI $28,227 @ 7.0% cap · market cap 4.49%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,245
Businesses Nearby
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Business Placement
Demographics for 93063, CA
55,076
Population
20,220
Households
2.7
Avg Household Size
43
Median Age
36%
College-Educated
90%
High-School Grad
36.2 sq mi
ZIP Area
1,521
Density / Sq Mi
$124,030
Median Household Income
$56,868
Median Earnings
$2,385
Median Rent
$746,000
Median Home Value
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Frequently Asked Questions
What type of property is this?
Single family property - Central heating and a flexible bonus room complement the open interior layout.
Where is this single family property located?
The property is located at 2265 Workman Avenue Simi Valley, CA.
What is the asking price?
The asking price for this property is $629,000.
What are key features of this property?
This property features: 1,240 SF single‑story duplex property on a 0.12‑acre lot; 2 bedrooms, 2 full bathrooms, and a bonus room suitable for office or bedroom use; Bonus room has a dedicated heating and cooling unit
