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Property profile & analytics
OFF-MARKET
Apartment buildings
1606 Rory Ln, Simi Valley, CA 93063-7438
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US10-1483654
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2000
Construction
WOOD
Total area
640 SF
Lot
3.58 ac (155,944 SF)
Zoning code
RH-15
APN
637-0-140-575
UPID
US10-1483654
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
by Request
Owner & transaction history
Seasons Simi Valley Ar LP · 10 yrs held
Seasons Simi Valley Ar LP
since 2015
7 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
—
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
$2,161
Tax year 2023
Assessed value
$14,936,378
Assessed 2024
Previous assessed
$14,078,018
+6.1% YoY
Effective rate
0.01%
On assessed value
Assessed land
$4,004,020
Assessed improvement
$10,932,358
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
2000
Construction
WOOD
Heating
NONE
Total area
640 SF
Lot
3.58 ac (155,944 SF)
Zoning code
RH-15
APN
637-0-140-575
UPID
US10-1483654
Jurisdiction
VENTURA
Zoning & alternative use
RH-15 · Simi Valley, CA
Zoning 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
Simi Valley. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2000
Construction
WOOD
Heating
NONE
Lot
3.58 ac
Current owner
From public records · entity-resolved
Seasons Simi Valley Ar LP
Entity
Mailing address
3590 ELM AVE, LONG BEACH, CA 90807-3903
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 7, 2018
—
Seasons Simi Valley Ar LP
—
Deed
related
—
Aug 28, 2015
$7,200,000
Seasons Simi Valley Ar LP
Rory Lane Seniors LP
Grant Deed
$4,376,000 · Wilmington Tr
Aug 28, 2015
—
Seasons Simi Valley Ar LP
Rory Lane Seniors LP
Grant Deed
related
—
May 10, 1999
—
Rory Lane Seniors LP
—
Grant Deed
related
$5,451,294 · Union Bank Of California
Oct 31, 1997
—
Lane Seniors Rory
Simir,
Grant Deed
related
—
Apr 29, 1997
$550,000
Simi-rory Partnership
Simi Indian Oaks INC
Grant Deed
related
$550,000 · Seller
Jun 29, 1994
—
Simi Indian Oaks Barry
Firwo,
Grant Deed
related
—
—
—
Rory Lane Seniors LP
—
Deed Of Trust
related
$176,000 · Kbmh Capital INC
—
—
Rory Lane Seniors LP
—
Deed Of Trust
related
$838,500 · Simi-rory Ptshp
—
—
White
—
Deed Of Trust
related
$100,000 · Valley Federal Savings & Loan
—
—
Rory Lane Seniors LP
—
Deed Of Trust
related
$564,500 · Simi Valley Community Dev Agy
—
—
Rory Lane Seniors LP
—
Deed Of Trust
related
$2,422,840 · Washington Mutual Fsb
—
—
Seasons Simi Valley Ar LP
—
Loan Modification
related
—
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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