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    Property profile & analytics

    5602 Los Angeles Ave Simi Valley, CA 93062

    • Commercial real estate
    • 0.25 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US09-4845510
    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.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 5602 Los Angeles Ave

    Lot size
    0.25 lot acres
    Property type
    Commercial real estate
    APN
    651-0-111-015

    Description

    This exceptional 0.25-acre commercial lot in Simi Valley, CA (APN 651-0-111-015) presents a turnkey opportunity for an 8-unit townhouse development. Located at 5602 E Los Angeles Ave, 93062, this property boasts fully approved plans and permits, with all associated fees paid. Grading is complete and the pad is certified, allowing for immediate construction. The comprehensive building plans are included, eliminating the need for additional architectural work. This prime location offers easy access to local amenities, schools, and transportation, making it highly attractive to potential residents. The asking price is $1,499,000. This represents a significant investment opportunity with substantial potential for return, given the fully entitled and prepared nature of the project. The multi-unit zoning ensures compliance and simplifies the development process. Begin construction immediately and capitalize on this exceptional opportunity in the thriving Simi Valley market.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Simi Valley
    County
    Ventura
    State
    California
    Longitude
    -118.68241342298
    Latitude
    34.271410059102
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    5602 Los Angeles Ave
    Simi Valley, CA 93062
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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