Mixed-Use Property in Envision Specific
For Sale
Contact for pricing
859-897 Los Angeles Avenue, Simi Valley, CA 93065
Mixed-use property totaling 8,445 SF, located on Los Angeles Avenue within Simi Valley’s Envision Specific Plan area.
Property Size8,445 SF
Price / SF$355.24
Days on Market10
Property Features for 859-897 Los Angeles Avenue
General Information
Standard status
Active
Size
8,445 SF
Property subtype
Mixed Use
Listing Agency:
RE/MAX One
(818) 832-2626
Listed By:
Deserie Boutell · License #01433473
Source:
Crexi
Added: Jul 22
Changed: Jul 29
Last Checked: Jul 30 at 3:39AM
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 RE/MAX One
Investment Insights
Based on property information with market context.
Mixed-use commercial property positioned on Los Angeles Avenue, totaling 8,445 SF. The property is described as highly visible and designed to support reinvestment with a mix of housing, retail, office, and service-oriented uses as part of Simi Valley’s broader redevelopment goals.
The site is located within Simi Valley’s Envision Specific Plan area, in the city’s emerging redevelopment corridor. The City’s long-term vision for the corridor includes mixed-use development and commercial revitalization along key corridors.
This property offers a substantial footprint for buyers looking to participate in the redevelopment framework of Envision Simi Valley, with the plan area intended to encourage walkable destinations that blend multiple use types.
The site is located within Simi Valley’s Envision Specific Plan area, in the city’s emerging redevelopment corridor. The City’s long-term vision for the corridor includes mixed-use development and commercial revitalization along key corridors.
This property offers a substantial footprint for buyers looking to participate in the redevelopment framework of Envision Simi Valley, with the plan area intended to encourage walkable destinations that blend multiple use types.
Key Highlights
- 8,445 SF mixed‑use property
- Located at 859‑897 Los Angeles Avenue, Simi Valley, CA 93065
- Highly visible commercial property
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $217.9k | $25.80 |
| − Vacancy | −$42.5k | −$5.03 |
| EGI | $175.4k | $20.77 |
| − OpEx | −$43.8k | −$5.19 |
| NOI | $131.5k | $15.58 |
8,445 SF · lease $25.80/SF/yr · vacancy 19.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.88M
$1.64M – $2.19M
NOI $131,546 @ 7.0% cap · market cap 4.38%
Second Best
Mixed Use
$1.70M
$1.49M – $1.98M
NOI $118,805 @ 7.0% cap · market cap 3.96%
Theoretical Best
Office A
$2.75M
$2.40M – $3.20M
NOI $192,238 @ 7.0% cap · market cap 6.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,936
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 Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use property totaling 8,445 SF, located on Los Angeles Avenue within Simi Valley’s Envision Specific Plan area.
Where is this mixed-use property located?
The property is located at 859-897 Los Angeles Avenue Simi Valley, CA.
What is the asking price?
The asking price for this property is $2,999,999.
What are key features of this property?
This property features: 8,445 SF mixed‑use property; Located at 859‑897 Los Angeles Avenue, Simi Valley, CA 93065; Highly visible commercial property
