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Key Details
Sold Price $1,550,000
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 4,100 sqft
Price per Sqft $378
MLS Listing ID CRSR24169589
Sold Date 09/10/24
Bedrooms 7
Full Baths 6
HOA Y/N No
Year Built 1948
Lot Size 0.926 Acres
Acres 0.9258
Property Description
Unlock the full potential of this rare investment opportunity in West Simi Valley! Nestled on a vast 40,329 square foot flat lot, this 5-unit property is perfect for investors, developers or buyers looking to capitalize on its prime location and expansive space. 5 Spacious Units that are ideal for generating consistent rental income. 3 units are fully permitted, and 2 units have the potential for future legalization or reconfiguration. Buyer to do their due diligence regarding the unpermitted units. Each unit offers comfortable living spaces with the comforts of individuality and independence from its neighbor by each offering their own laundry facilities and cooling systems. The massive lot is flat and provides ample space for future development, whether you envision adding more units, creating outdoor amenities, or expanding current structures. Located in the desirable West Simi Valley area, this property is close to shopping centers, schools, parks, and major transportation routes making it highly attractive to tenants. With its upgraded copper plumbing, spacious lot, and income-generating units, this property is a must-see for investors or buyers looking to expand their portfolio in a thriving area.
Location
State CA
County Ventura
Area Listing
Interior
Cooling Central Air
Fireplaces Type Living Room
Fireplace Yes
Laundry Other
Exterior
Pool None
View Y/N false
View None
Private Pool false
Building
Story 2
Sewer Public Sewer
Water Public
Level or Stories Two Story
New Construction No
Schools
School District Simi Valley Unified
Others
Tax ID 6180010190
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© 2024 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Bought with ZackSaab