Permitted Multifamily with
For Sale
$1,200,000
2345 Bryson Place, Simi Valley, CA 93065
MULTI_FAMILY - Simi Valley, CA
Property Size1,990 SF
Lot Size0.16 Acres
Price / SF$603.02
Days on Market111
Property Features for 2345 Bryson Place
General Information
Property type
Residential Multi Family
Property subtype
Single Family Residence
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 2, Bedroom 1, Bathroom 2, Bathroom 4, Bedroom 5, Bedroom 6, Bathroom 3, Bedroom 3, Bedroom 4, Bathroom 1
Subdivision
SVC - Simi Central
Standard status
Active
APN
6390162275
Size
1,990 SF
Lot size
0.16 Acres
Building Details
Year built
1971
Floors in Building
1
Flooring type
Laminate
Listing Agency:
Keller Williams Exclusive Properties · Keller Williams Realty
(805) 777-7117
Listed By:
Brent Ruzicka · License #02226436
(805) 501-7595
Added: Apr 28
Changed: Aug 14
Last Checked: Aug 16 at 1:06PM
MLS# 226002240
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 for-sale multifamily property includes an upgraded main residence along with an attached permitted JADU and an attached permitted ADU. The main residence is currently leased for $3,900 per month, the permitted JADU is leased for $1,700 per month, and the attached ADU is leased for $2,150 per month, supporting existing rental income. All units have been updated with modern finishes, creating flexible living arrangements for a range of owner and tenant scenarios.
The property is located at 2345 Bryson Place in Simi Valley, California, on a 0.16-acre lot. The seller notes expansion potential with two future detached ADUs, subject to buyer verification.
Financing terms may be available from the seller for qualified buyers, and the listing highlights that the ADUs are fully permitted.
The property is located at 2345 Bryson Place in Simi Valley, California, on a 0.16-acre lot. The seller notes expansion potential with two future detached ADUs, subject to buyer verification.
Financing terms may be available from the seller for qualified buyers, and the listing highlights that the ADUs are fully permitted.
Key Highlights
- Seller financing may be available: 30% down, 6% interest‑only, 2‑year loan term (contact listing agent for details).
- Main residence currently leased for $3,900/month.
- Permitted attached JADU leased for $1,700/month.
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
$33,963
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
2.83%
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%
$679,260
$679.3K
Cap Rate 7%
$485,186
$485.2K
Cap Rate 9%
$377,367
$377.4K
Market Conditions
NOI Build-Up for 1,990 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
$51.3K $25.80/SF
− Vacancy
−$2.8K −$1.42/SF
EGI
$48.5K $24.38/SF
− OpEx
−$14.6K −$7.31/SF
NOI
$34.0K $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%
$679,260
Cap Rate 7%
$485,186
Cap Rate 9%
$377,367
Alternative Uses
Best Use
Multifamily LT 5
$485.2K
$424.5K – $566.1K
NOI $33,963 @ 7.0% cap · market cap 2.83%
Second Best
Apartment 5plus
$435.8K
$381.3K – $508.4K
NOI $30,505 @ 7.0% cap · market cap 2.54%
Theoretical Best
Office A
$647.1K
$566.2K – $755.0K
NOI $45,299 @ 7.0% cap · market cap 3.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
303
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?
Triplex - Income-producing multifamily property featuring an upgraded main residence and permitted attached ADUs.
Where is this triplex located?
The property is located at 2345 Bryson Place Simi Valley, CA.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Seller financing may be available: 30% down, 6% interest‑only, 2‑year loan term (contact listing agent for details).; Main residence currently leased for $3,900/month.; Permitted attached JADU leased for $1,700/month.
