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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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    $9,791/mo

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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#: SR24169589MLS LogoOriginating 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

    DateEventPrice
    9/10/2024Sold$1,550,000$378/sqft
    Source: CRMLS #SR24169589
    8/21/2024Contingent$1,550,000$378/sqft
    Source: CRMLS #SR24169589
    8/16/2024Listed for sale$1,550,000$378/sqft
    Source: CRMLS #SR24169589

    Public tax history

    YearProperty taxesTax 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
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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