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Property profile & analytics
FOR LEASE
Office buildings
5775 E Los Angeles Ave Simi Valley, CA 93063
Individually Owned
5-yr Hold
~
Est. High Equity
Property ID
US10-1464782
For Lease
1 / 27
$2,041/Mo
5775 E Los Angeles Ave, Simi Valley, CA 93063
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1981
Total area
23,881 SF
Lot
1.83 ac (79,714 SF)
Zoning code
RM-3
APN
650-0-291-165
UPID
US10-1464782
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
-
Alliance West Mortgage Loan Service Bank
-
Farmers Insurance - Ronald Kramer Insurance Agency
-
Ronald Kramer Insurance Agency Insurance Agency
-
Law Office Of Merlin L. Reed Law Firm
-
A Flying Eagle Home Health Home Health Care Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.45M
CAP Approach
CAP
$6.11M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.97M
Owner & transaction history
Rafat Salib · 5 yrs held
Rafat Salib
since 2021
Last sale
$4.2M
7 recorded transactions
Zoning & alternative use
RM-3 · 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
$4,970,000
ML approach
$5,445,000
CAP Approach
CAP Return
Estimation
6%
$6,615,000
6.5%
$6,105,000
7%
$5,670,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$8,030,000
Change: -12% · Conversion: Easy
Blend value · Realmo final
$4.97M
Range $4.47M – $5.47M · ±10% · vs last sale $4.16M (Apr 20 2021)
Last sale anchor
$4.16M
Apr 20 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
$208 / SF
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
$47,952
Tax year 2023
Assessed value
$4,414,625
Assessed 2024
Previous assessed
$4,328,064
+2.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$2,016,295
Assessed improvement
$2,398,330
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
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1981
Heating
NONE
Rooms
2
Total area
23,881 SF
Lot
1.83 ac (79,714 SF)
Zoning code
RM-3
APN
650-0-291-165
UPID
US10-1464782
Jurisdiction
VENTURA
Zoning & alternative use
RM-3 · Simi Valley, CA
Zoning RM-3 · permitted uses
RM-3 · 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.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$8.0M
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1981
Heating
NONE
Rooms
2
Lot
1.83 ac
Current owner
From public records · entity-resolved
Rafat Salib
Individual
Mailing address
14850 BURBANK BLVD, SHERMAN OAKS, CA 91411-3338
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 3, 2021
—
Rafat Salib
—
Deed
related
$2,500,000 · Bank Of The West
Apr 20, 2021
$4,160,000
Rafat Salib
Ronal LLC
Grant Deed
—
Jan 2, 2007
—
Ronal LLC
Stitch Family Trust
Grant Deed
—
Nov 11, 2003
—
Stitch,tr
Stitch,ronald K & Deidra M
Quit Claim Deed
related
$1,700,000 · Mid-state Bank & Trust Co
Oct 20, 2003
—
Stitch,tr
Ventura Development Co
Quit Claim Deed
related
—
Aug 11, 1998
$150,000
Ronald K Stitch
Dowel Eneterpises
Grant Deed
—
Mar 23, 1994
—
View Valley
—
Grant Deed
related
$285,000 · Home Savings Of America
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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