Sold for $1,550,000 on 09/10/24
Listing Provided by:
Zack Saab DRE #01762798 310-867-9375,
Coldwell Banker Realty
Bought with: Coldwell Banker Realty
$1,550,000
4051 Adam Rd, Simi Valley, CA 93063
7beds
4,100sqft
Triplex
Built in 1948
-- sqft lot
$1,528,400 Zestimate®
$378/sqft
$3,375 Estimated rent
Home value
$1,528,400
$1.39M - $1.68M
$3,375/mo
Zestimate® history
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Owner options
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What's special
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.
Zillow last checked: 8 hours ago
Listing updated: December 04, 2024 at 07:26pm
Listing Provided by:
Zack Saab DRE #01762798 310-867-9375,
Coldwell Banker Realty
Bought with:
Zack Saab, DRE #01762798
Coldwell Banker Realty
Source: CRMLS,MLS#: SR24169589
Originating MLS: California Regional MLS
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 6
- Full bathrooms: 6
- Main level bathrooms: 6
- Main level bedrooms: 7
Cooling
- Central Air
Appliances
- Laundry: Washer Hookup
Features
- Has fireplace: Yes
- Fireplace features: Living Room
- Common walls with other units/homes: No Common Walls
Interior area
- Total interior livable area: 4,100 sqft
Property
Features
- Levels: Two
- Stories: 2
- Entry location: 1
- Pool features: None
- Has view: Yes
- View description: None
Lot
- Size: 0.93 Acres
- Features: 2-5 Units/Acre
Details
- Parcel number: 6180010190
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Triplex
Condition
- New construction: No
- Year built: 1948
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Community
- Community features: Suburban
Location
- Region: Simi Valley
- Subdivision: Kadota Fig Farm
Other
Other facts
- Listing terms: Cash
Price history
| Date | Event | Price |
|---|---|---|
| 9/10/2024 | Sold | $1,550,000$378/sqft |
Source: | ||
| 8/21/2024 | Contingent | $1,550,000$378/sqft |
Source: | ||
| 8/16/2024 | Listed for sale | $1,550,000$378/sqft |
Source: | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $17,880 +242.8% | $1,550,000 +268.1% |
| 2024 | $5,216 | $421,125 +2% |
| 2023 | $5,216 +0.5% | $412,868 +2% |
Find assessor info on the county website
Neighborhood: 93063
Nearby schools
GreatSchools rating
- 5/10Santa Susana Elementary SchoolGrades: K-6Distance: 0.5 mi
- 4/10Valley View Middle SchoolGrades: 6-8Distance: 0.8 mi
- 7/10Simi Valley High SchoolGrades: 9-12Distance: 1.8 mi
Get a cash offer in 3 minutes
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Estimated market value
$1,528,400
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
$1,528,400
