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Property profile & analytics
OFF-MARKET
Estimated value
$2,060,000
Apartment buildings
1590 Patricia Ave Simi Valley, CA 93065-3402
Individually Owned
10-yr Hold
Free & Clear
Property ID
US10-1453378
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2019
Construction
WOOD
Total area
12,798 SF
Lot
0.78 ac (33,976 SF)
Zoning code
RH-15
APN
632-0-070-065
UPID
US10-1453378
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.06M
Owner & transaction history
Jordan Jacob · 10 yrs held
Jordan Jacob
since 2016
6 recorded transactions
Zoning & alternative use
RH-15 · Simi Valley, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Simi Valley submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Simi Valley submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$161 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$39,195
Tax year 2023
Assessed value
$3,194,098
Assessed 2024
Previous assessed
$3,119,704
+2.4% YoY
Effective rate
1.23%
On assessed value
Assessed land
$771,790
Assessed improvement
$2,422,308
Applied tax rate
9.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
2019
Construction
WOOD
Heating
NONE
Stories
1
Rooms
2
Bathrooms
2
Total area
12,798 SF
Lot
0.78 ac (33,976 SF)
Zoning code
RH-15
APN
632-0-070-065
UPID
US10-1453378
Jurisdiction
VENTURA
Zoning & alternative use
RH-15 · Simi Valley, CAZoning RH-15 · permitted uses
RH-15 · Simi Valley, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2019
Construction
WOOD
Heating
NONE
Stories
1
Rooms
2
Bathrooms
2
Lot
0.78 ac
Current owner
From public records · entity-resolved
Jordan Jacob
Individual
Free & Clear · 10 yrs held
Mailing address
33344 PACIFIC COAST HWY, MALIBU, CA 90265-2305
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 11, 2016
$740,000
Jordan Jacob
Hidden Ranch Group LLC
Grant Deed
—
Mar 11, 2016
—
Hidden Ranch Group LLC
Great White Stone LLC
Grant Deed
—
Mar 6, 2012
—
Hidden Ranch Group LLC
Cheema,paramjit S & Satwant K
Grant Deed
—
Jul 3, 2002
$385,000
Paramjit S Cheema
Kretzu,sylvia L
Grant Deed
—
—
—
Sylvia L Kretzu
—
Deed Of Trust
related
$223,100 · Great Western Bank
—
—
Paramjit S Cheema
—
Deed Of Trust
related
$262,500 · Bay Equity LLC
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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