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    Flexible Multi-Unit Industrial Building Title is generated by Realmo AI

    875 E Los Angeles Avenue, Simi Valley, CA 93065

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    For Sale
    $2,999,999

    COMMERCIAL - Simi Valley, CA

    Property size:
    8,445 SF
    Lot size:
    0.70 Acres
    Price / SF:
    $355/SF
    Added:
    Jun 4, 2026
    Days on Market:
    1
    Last Refresh:
    Jun 4 at 9:06 pm

    Property Features for 875 E Los Angeles Avenue

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Bathrooms
    3
    Rooms
    Bathroom 3, Bathroom 2, Bathroom 1
    Standard status
    Active
    APN
    6310102270
    Size
    8,445 SF
    Lot size
    0.70 Acres

    Building Details

    Year built
    1961

    We can help!

    Listing Contact
    Deserie A Boutell

    Listing agent Deserie A Boutell License #01433473

    Listing office RE/MAX ONE 30699 Russell Ranch Rd #100, Northridge, CA

    Listing date Jun 4, 2026

    MLS# 226002612

    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.

    HighLights

    • Approximately 8,445 SF commercial building on a 0.70‑acre parcel built in 1961
    • Directly on Los Angeles Avenue near the Los Angeles Avenue & First Street intersection
    • 48 on‑site parking spaces plus extensive street frontage and loading facilities
    • Currently occupied by a single user; can be configured into as many as six separate units
    • Multiple tenancy‑ready features include separate addresses, utility meters, entrances, and HVAC systems
    • Investors/integrators benefit from infrastructure already in place for multiple tenancy

    Overview

    This for-sale flex/industrial building totals approximately 8,445 square feet on a 0.70-acre parcel. The property is currently occupied by a single user, and the improvements are set up to allow conversion into as many as six separate units. Features include multiple entrances, separate addresses, separate utility meters, and separate HVAC systems, supporting flexible tenancy and operational control within one consolidated facility.

    The site is located directly on Los Angeles Avenue, just off the intersection of Los Angeles Avenue and First Street, and is positioned within Simi Valley’s redevelopment area tied to the Envision Simi Valley initiative. The property also includes extensive street frontage, loading facilities, and infrastructure in place intended to support multiple tenancy.

    With significant on-site parking and a configuration designed for multi-unit operations, this building can fit a range of strategies for investors and owner-operators, including repositioning the existing structure into a multi-tenant offering. The location provides direct visibility on Los Angeles Avenue and practical access for customers, employees, and deliveries through the existing loading and circulation features.
    Property Profile Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Tacos Famosos — Serving most of Ventura County, Other cities may be available. Additional charges will apply., Simi

    Location Insight

    • Map
    • Local Demand
    City
    Simi Valley
    County
    Ventura
    State
    California
    Longitude
    -118.781546
    Latitude
    34.272025

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    FAQs

    What type of property is this?
    Flex space - Multi-tenant-configurable warehouse on a 0.7-acre parcel with extensive parking and direct Los Angeles Avenue access.
    Where is this flex space located?
    The property is located at 875 E 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: Approximately 8,445 SF commercial building on a 0.70‑acre parcel built in 1961; Directly on Los Angeles Avenue near the Los Angeles Avenue & First Street intersection; 48 on‑site parking spaces plus extensive street frontage and loading facilities
    (818) 832-2626
    We can help!
    Listing Contact
    Deserie A Boutell
    Real Estate License ID: 01433473
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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    875 E Los Angeles Avenue, Simi Valley, CA 93065
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