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Property profile & analytics
OFF-MARKET
Estimated value
$5,490,000
Apartment buildings
849 Country Clb Dr Simi Valley, CA 93065-6645
Entity Owned
4-yr Hold
Free & Clear
Property ID
US10-1483663
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1986
Construction
WOOD
Total area
27,916 SF
Lot
8.06 ac (351,093 SF)
Zoning code
RVH-.
APN
580-0-080-455
UPID
US10-1483663
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$6.59M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.49M
Owner & transaction history
Pmi Overlook LLC · 4 yrs held
Pmi Overlook LLC
since 2021
4 recorded transactions
Zoning & alternative use
RVH-. · Simi Valley, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$8.1M
+0.3%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$7,130,000
6.5%
$6,585,000
7%
$6,115,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$8,095,000
Current use
WAREHOUSE, STORAGE
$8,120,000
Change: +0% · Conversion: Difficult
Blend value · Realmo final
$5.49M
Range $4.94M – $6.04M · ±10%
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
$197 / 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
$549,282
Tax year 2023
Assessed value
$52,385,700
Assessed 2024
Previous assessed
$51,358,530
+2.0% YoY
Effective rate
1.05%
On assessed value
Assessed land
$10,986,624
Assessed improvement
$41,399,076
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1986
Construction
WOOD
Heating
NONE
Units
132
Total area
27,916 SF
Lot
8.06 ac (351,093 SF)
Zoning code
RVH-.
APN
580-0-080-455
UPID
US10-1483663
Jurisdiction
VENTURA
Zoning & alternative use
RVH-. · Simi Valley, CAZoning RVH-. · permitted uses
RVH-. · Simi Valley, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$8.1M
WAREHOUSE, STORAGE
Est. value
$8.1M
APARTMENT HOUSE (5+ UNITS) Current
WAREHOUSE, STORAGE
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
1986
Construction
WOOD
Heating
NONE
Units
132
Lot
8.06 ac
Current owner
From public records · entity-resolved
Pmi Overlook LLC
Entity
Free & Clear · 4 yrs held
Mailing address
777 CALIFORNIA AVE, PALO ALTO, CA 94304-1179
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 19, 2021
—
Pmi Overlook LLC
Dp Broadstone 849 LP
Grant Deed
—
Sep 25, 2019
—
Dp 241 Country Club LP
—
Deed
related
$29,184,000 · Wells Fargo Bank NA
May 30, 2017
$37,400,000
Dp 849 Country Club LP
Fountains Apartments Ltd
Grant Deed
$24,310,000 · Citibank NA
Jul 2, 2003
—
Fountains Apartments Ltd
Legacy Partners 1132 LP
Grant Deed
related
—
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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