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Property profile & analytics
OFF-MARKET
Estimated value
$6,320,000
Investment properties
1716 Erringer Rd Simi Valley, CA 93065-6506
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-1479070
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1979
Lot
2.74 ac (119,354 SF)
Zoning code
CPD
APN
638-0-096-035
UPID
US10-1479070
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
Current use
Occupant on record · Public records
-
Andy Kobeissi: Allstate Insurance Insurance Agency
-
Divine Care Home Health Services Inc Home Health Care Service
-
InLine Chiropractic Alternative Medicine Practice
-
Two Girls Home Care Home Health Care Service Home Help Service Agency
-
Simi Plaza Home Care, Inc Home Health Care Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.91M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.32M
Owner & transaction history
Chakeram LLC · 4 yrs held
Chakeram LLC
since 2021
Last sale
$5.8M
5 recorded transactions
Zoning & alternative use
CPD · 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
Method
Estimation
Statistic approach
$6,870,000
ML approach
$6,905,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$6.32M
Range $5.69M – $6.95M · ±10% · vs last sale $5.75M (Oct 25 2021)
Last sale anchor
$5.75M
Oct 25 2021
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
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
$57,704
Tax year 2023
Assessed value
$5,982,300
Assessed 2024
Previous assessed
$5,982,300
+0.0% YoY
Effective rate
0.96%
On assessed value
Assessed land
$3,745,440
Assessed improvement
$2,236,860
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1979
Heating
NONE
Rooms
2
Lot
2.74 ac (119,354 SF)
Zoning code
CPD
APN
638-0-096-035
UPID
US10-1479070
Jurisdiction
VENTURA
Zoning & alternative use
CPD · Simi Valley, CA
Zoning CPD · permitted uses
CPD · 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
1979
Heating
NONE
Rooms
2
Lot
2.74 ac
Current owner
From public records · entity-resolved
Chakeram LLC
Entity
Mailing address
25364 PRADO DE LA FELICIDAD, CALABASAS, CA 91302-3649
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 25, 2021
$5,750,000
Chakeram LLC
Erringer Plaza LLC
Grant Deed
—
Oct 31, 2018
—
Erringer Plaza LLC
—
Deed
related
$3,300,000 · Mufg Union Bank NA
Dec 5, 2017
$4,299,000
Erringer Plaza LLC
Peter J Cohen
Grant Deed
$2,575,000 · Jpmorgan Chase Bank NA
May 23, 2016
—
Peter J Cohen
Cohen,said
Affidavit Of Death
related
—
—
—
Cohen Trust
—
Deed Of Trust
related
$1,650,000 · Foothill Independent Bank
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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