NOT LISTED FOR SALE

1224 Aster St Simi Valley, CA 93063

3 Beds
3 Baths
1,672 Sq Ft
0.31 Acres

Last Sold July 20, 2017

Last sale price $485,000 $290 Per Sq Ft

129 Days on Market

Highlights

  • No HOA
  • Horse Property Improved
  • 1-minute walk to Knolls Park
  • Simi Valley High School Rated A-
  • Level Lot

About This Home

As of July 2017

DO THE MATH FOR THE ROI; THIS IS A NO-BRAINER!!! Unique opportunity with many possibilities for income and use in this residential horse property also zoned for 2 houses on a lot and located in the Knolls which was recently named 1 of the top 12 cities to live in SoCal. Tax roll currently shows only mobile home, which is a 2+2, 1080 sq ft. The 2nd dwelling is new construction, 1+1, 592 sq ft, and has high ceilings, high-end laminate flooring throughout, recessed lighting, indoor laundry hookups, tankless water heater, central heat/ac, fire sprinklers, designer tile & Caesarstone in kitchen/bath, bullnose corners, decorative baseboard, and "cool roof" shingles. Both units have their own address & elec/gas meters. In addition, there is a historic building on the property that is approximately 700 sq ft, currently used for storage but could be office, rec room, etc (a permit may be available for 1/2 bath addition but Owner makes no representation & Buyer must use due diligence to confirm). Architectural plans for an approximate 1,700 sq ft residence are included in PP. There is no garage, but there is parking for 4-5 cars with potential RV access. There are many possibilities for use on this property including having income from the newly constructed house to finance the building of a principle residence. All of this is in a rural country setting of original character amidst untouched natural surroundings, yet close to modern conveniences.

Last Agent to Sell the Property

Karen Montoya

Karman Properties License #00802342 Listed on: 01/29/2017

Last Buyer's Agent

Karen Montoya

Karman Properties License #00802342 Listed on: 01/29/2017

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2016

Lot Details

  • 0.31 Acre Lot
  • No Common Walls
  • Rural Setting
  • Level Lot

Home Design

  • 1,672 Sq Ft Home

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Additional Features

  • Horse Property Improved
  • Sewer Paid

Listing and Financial Details

  • Tax Lot 825
  • Tax Tract Number 75
  • Assessor Parcel Number 6460011140

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $616
  • Trash Expense $480
  • Water Sewer Expense $273
  • New Taxes Expense $6,212
  • Operating Expense $7,581
  • Net Operating Income $32,019

Property Details

Home Type

Multi-Family

Year Built

Built in 2016

Lot Details

0

Listing Details

  • Property Attached: No
  • Subdivision Name Other: Santa Susana Knolls (166)
  • Water Sewer Expenses: 273.00
  • Property Type: Residential Income
  • Parcel Number: 6460011140
  • Year Built: 2016
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 290.07

Exterior Features

  • Pool Private: No

Utilities

  • Sewer: Public Sewer, Sewer Paid
  • Trash Expense: 480.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Rural

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Horse Property Improved, Level with Street, Lot 10000-19999 Sqft, Level
  • Lot Size Sq Ft: 13500.00

Multi Family

  • Gross Scheduled Income: 40800.00
  • Insurance Expense: 616.00
  • Net Operating Income: 32019.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Number With Dishwasher: 2
  • Number With Disposal: 2
  • Number With Range: 2
  • Operating Expense: 7581.00
  • Rent Control: No
  • Total Expenses: 7581.00

Tax Info

  • New Taxes Expense: 6212.00
  • Tax Lot: 825
  • Tax Tract Number: 75.12

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/20/2017 07/20/17 Sold $485,000 -2.4% $290 / Sq Ft
06/07/2017 06/07/17 Pending -- -- --
01/29/2017 01/29/17 For Sale $497,000 -- $297 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR17019044

California Regional Multiple Listing Service (CRMLS)