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Sold for $780,000 on 08/22/23
  • $780,000

    1427 Sorrel St, Simi Valley, CA 93065

    4beds
    1,247sqft
    SingleFamily
    Built in 1963
    0.29 Acres Lot
    $859,800 Zestimate®
    $626/sqft
    $3,985 Estimated rent

    Home value

    $859,800

    $817,000 - $903,000

    $3,985/mo

    Zestimate® history
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    $4,774/mo

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    What's special

    A Developers Dream Property! Newly remodeled, cozy, 4 bedroom home on a quiet cul de sac with a HUGE LOT. The property features brand new kitchen cabinets, quartz countertops, brand new appliances, new a/c unit, and porcelain tile flooring throughout the house. As well as 2 car garage and custom driveway/walkway. The property is conveniently located near schools, restaurants, shops and various modes of public transportation. The biggest equity driver is the nearly 1/2 acre worth of land, which has endless potential. Property meets qualifications for SB9 ordinance, to include but not limited to multiple homes/units/ADUs could be constructed on this lot. Additionally there is the capacity to split the lot and build multiple homes or units on each of the new subdivided lots. Permitting through the city/count for more info. Certainly worth a look for anyone looking to build and flip, or anyone looking for a large lot in general. Additional or he dual sided RV access. There is an electrical, water and sewer easement that runs the length of the property (a significant cost reduction in ADU utility connection and easement costs). The home has a decade plus of generating profitable rent income and is currently leased. Please do not disturb the Tennants or otherwise request a showing of the property unless direct via Zillow FSBO application.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 2
    • Full bathrooms: 2
    • 3/4 bathrooms: 1
    Heating
    • Forced air, Gas
    Cooling
    • Central
    Appliances
    • Included: Dishwasher, Dryer, Freezer, Garbage disposal, Microwave, Range / Oven, Refrigerator, Washer
    • Laundry: In Unit
    Features
    • Flooring: Tile
    • Basement: None
    • Has fireplace: No
    Interior area
    • Total interior livable area: 1,247 sqft

    Property

    Parking
    • Total spaces: 11
    • Parking features: Garage - Attached, Off-street
    Features
    • Exterior features: Stone, Stucco, Wood
    • Has view: Yes
    • View description: Park, Mountain
    Lot
    • Size: 0.29 Acres
    Details
    • Parcel number: 6320311075

    Construction

    Type & style
    • Home type: SingleFamily
    Materials
    • Roof: Composition
    Condition
    • Year built: 1963

    Community & neighborhood

    Location
    • Region: Simi Valley

    Other

    Other facts
    • Balcony
    • Heating system: ForcedAir
    • Laundry: In Unit

    Price history

    DateEventPrice
    8/22/2023Sold$780,000+4%$626/sqft
    Source: Public Record
    7/28/2023Pending sale$750,000$601/sqft
    Source: CLAW #23-285703
    7/13/2023Contingent$750,000$601/sqft
    Source: CLAW #23-285703
    6/29/2023Price change$750,000-42.3%$601/sqft
    Source: CLAW #23-285703
    6/11/2023Listed for sale$1,299,000$1,042/sqft
    Source: Owner

    Public tax history

    YearProperty taxesTax assessment
    2025$9,498 +244.2%$795,600 +2%
    2024$2,760 $780,000 +305.7%
    2023$2,760 +1.4%$192,247 +2%

    Find assessor info on the county website

    Neighborhood: 93065

    Nearby schools

    GreatSchools rating
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    Estimated market value

    $859,800

    Get a cash offer in 3 minutes

    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.

    Estimated market value

    $859,800