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Property profile

1616 Los Angeles Ave Simi Valley, CA 93065

OFF-MARKET
Strip malls
Property ID
US10-1475876
View Sample
0.35 ac lot Built 1961
Individually Owned 8-yr Hold Absentee Owner ~ Est. High Equity

Property summary

AI-generated overview

The property is a stand-alone building that includes a gated parking yard with access from two streets. The building is equipped with CAT 5 cabling and is fully air-conditioned, and it provides approximately 4,750 square feet of office space.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1961
Lot 0.35 ac (15,246 SF)
Zoning code CPD
APN 632-0-030-545
UPID US10-1475876

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Building Supply General Contractor

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$315k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$315k

Owner & transaction history

since 2017
3 recorded transactions
2017
$400,000
2016
$600,000
2004
Price N/A

Zoning & alternative use

CPD · Simi Valley, CA
Zoning description

The CPD zoning district is intended to encourage the development of attractive, innovative, and efficient commercial sites containing a broad range of retail, office and service commercial uses.

General category PLANNED_DEVELOPMENT

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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