Residential Income Property with
New
For Sale
$619,900
2776 Erringer Road 19, Simi Valley, CA 93065
The two-level layout includes three bedrooms, two bathrooms, a fenced yard and access to a shared pool and spa.
Property Size1,377 SF
Price / SF$450.18
Days on Market7
Property Features for 2776 Erringer Road 19
General Information
Standard status
Active
Size
1,377 SF
Property subtype
Commercial
Additional Details
Multifamily Units
1
Amenities
pool
spa
fenced backyard
fireplace
Building Details
Year Built
1988
Listing Agency:
eXp Realty of California Inc
Listed By:
Jose Luiz Morales mrg@moralesregroup.com
Source:
Findhomesinsandiegoarea
Added: Oct 29
Changed: Nov 3
Last Checked: Nov 4 at 2:26PM
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 eXp Realty of California Inc
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Investment Insights
Based on property information with market context.
This two-level residential property contains 1,377 square feet, with three bedrooms and two bathrooms. Hardwood flooring is present in the living and dining rooms; the living room also has a fireplace and sliding doors to the backyard. The kitchen includes a gas range, refrigerator, dishwasher, microwave and double-basin sink. Upstairs, the bedrooms have carpeting and high ceilings, and a laundry closet is located nearby. The primary bedroom has two closets and an ensuite bathroom.
A fenced backyard with a patio provides outdoor space, and residents have access to a community pool and spa. The property was built in 1988.
A fenced backyard with a patio provides outdoor space, and residents have access to a community pool and spa. The property was built in 1988.
Key Highlights
- 1,377‑square‑foot, two‑level residence
- Three bedrooms and two bathrooms
- Fenced backyard with patio
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,108
Cap Rate
3.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$422,160
$422.2K
Cap Rate 7%
$301,543
$301.5K
Cap Rate 9%
$234,533
$234.5K
Market Conditions
NOI Build-Up for 1,377 SF
Gross rent
$40.5K $29.40/SF
− Vacancy
−$2.1K −$1.53/SF
EGI
$38.4K $27.87/SF
− OpEx
−$17.3K −$12.54/SF
NOI
$21.1K $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%
$422,160
Cap Rate 7%
$301,543
Cap Rate 9%
$234,533
Alternative Uses
Best Use
Apartment 5plus
$301.5K
$263.9K – $351.8K
NOI $21,108 @ 7.0% cap · market cap 3.41%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$447.8K
$391.8K – $522.4K
NOI $31,345 @ 7.0% cap · market cap 5.06%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
478
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
Frequently Asked Questions
What type of property is this?
Residential income property - The two-level layout includes three bedrooms, two bathrooms, a fenced yard and access to a shared pool and spa.
Where is this residential income property located?
The property is located at 2776 Erringer Road 19 Simi Valley, CA.
What is the asking price?
The asking price for this property is $619,900.
What are key features of this property?
This property features: 1,377‑square‑foot, two‑level residence; Three bedrooms and two bathrooms; Fenced backyard with patio
