2355 Tapo St Simi Valley, CA 93063-3000
Property profile & analytics
2355 Tapo St, Simi Valley, CA 93063-3000
- Strip malls
- 17,884 SF
- 1.43 lot acres
Property ID
US10-1484154
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Hirai Creative House / Marketing & Advertising / Advertising Agency
- Bibi hookah / Cafe & Coffee Shop
- Noraks Producions / Media Distribution
- OMA International / Structural Engineer
- 118 CrossFit / Gym & Fitness Center
Property Details for 2355 Tapo St
- Year built
- 1989
- Lot size
- 1.43 lot acres
- Zone code
- CPD
- Property type
- Strip malls
- Property subtype
- Shopping centers
- APN
- 618-0-160-335
- APU
- 6180160335
Description
This exceptional 16,899 square foot retail shopping center in Simi Valley, CA, presents a compelling value-add investment opportunity. Located at 2355 Tapo St, this single-story, 1988-built property sits on a 62,290 square foot lot and boasts a 6.40% cap rate with a current NOI of $168,969. Currently 78% occupied by a diverse mix of restaurant, health, and service tenants, the property offers significant upside potential through lease-up of the remaining 22% vacant space, rent increases, and below-market rents rolling to market. Projected NOI increases of approximately $167,000 are anticipated during the projected hold period. The property benefits from its prime location in a daily needs retail corridor, proximate to the Ronald Reagan Freeway (approximately 126,100 cars per day), a Walmart-anchored shopping center undergoing a major redevelopment, and dense residential communities. This redevelopment project, located directly across the street, includes approximately 280 multi-family units, a community park, and a resident-only parking garage, further enhancing the property's long-term value and potential. The asking price is $2,640,000 ($156 per square foot). The property features rent bumps and is not subject to a ground lease. APN: 618-0-160-335. This is a rare opportunity to acquire a high-quality retail investment in a thriving market with significant growth potential.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $3,440,000
- 6.5%
- $3,175,000
- 7%
- $2,950,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Simi Valley
- County
- Ventura
- State
- California
- Longitude
- -118.711
- Latitude
- 34.2778
- CBSA code
- 37100
- CBSA name
- OXNARD-THOUSAND OAKS-VENTURA, CA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$27,821
$844,459
$1,740,301
$2,584,760
-
$0.00
$0.00
$0.00
