Michael Rescigno
Berkshire Hathaway HomeServices California Properties
(661) 383-2394
70 Total Sales
2 in West Simi Valley
$810K - $885K Price Range
1850 Williams St Simi Valley, CA 93065
West Simi Valley Neighborhood
1
Bed
1
Bath
15,869
Sq Ft
0.85
Acre Lot
Highlights
- 0.85 Acre Lot
- Corner Lot
- 2-minute walk to Simi Valley/Moorpark Hip Mamas N' Papas
- Royal High School Rated A
- Laundry Facilities
About This Home
As of September 2025*CALL FOR OFFERS ON MARCH 28th*
We are pleased to present the Westgate Apartments, a pride of ownership 31-unit asset in the highly desirable market of Simi Valley. The property is currently being operated as a 55+ community, but all covenants have expired and a new owner may choose to operate it with traditional tenants moving forward. The current 31 units on site are operating 88% below market rate. The property is also eligible for SB1211 allowing 8 detached ADU's on the property and 1 attached ADU for a total of 9 new 2 bed + 2 bath units, which would increase the gross income upside 167%. It is very rare to find a 1980's vintage asset at only $183k/unit. With the current in place rents the cap rate increases to a 8.1% after factoring in 1M in build costs for the 9 ADU's. Once all units are rented at market and ADU's are built, assuming a cost to renovate and build of $2.1; the property will operate at 10.56% cap rate and a 7 GRM. The property is fixed with common area amenities including a rec room as well as outdoor areas for grilling and socializing. 1850 Williams St is located in the heart of Simi Valley - just minutes away from restaurants, retail and supermarkets. This deal is perfect for investors looking for value-add, pride of ownership assets in a good neighborhood.
Last Agent to Sell the Property
Lyon Stahl Investment Real Estate, Inc. License #02035763 Listed on: 03/13/2025
Last Buyer's Agent
Lyon Stahl Investment Real Estate, Inc. License #02035763 Listed on: 03/13/2025
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Property Details
Home Type
- Multi-Family
Year Built
- Built in 1989
Lot Details
- 36,982 Sq Ft Lot
- Two or More Common Walls
- Corner Lot
- Density is up to 1 Unit/Acre
Home Design
- Apartment
- Entry on the 1st floor
Interior Spaces
- 15,869 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 1 Bedroom
- 1 Bathroom
Parking
- Carport
- Parking Available
Location
- Urban Location
Listing and Financial Details
- Tenant pays for electricity, gas
- Tax Lot 39,40
- Tax Tract Number 1234
- Assessor Parcel Number 6320020555
- $1,234 per year additional tax assessments
Community Details
Building Details
- 31 Leased Units
- Rent Control
- 31 Separate Electric Meters
- 31 Separate Gas Meters
- 31 Separate Water Meters
- Operating Expense $185,516
- Gross Income $435,244
- Net Operating Income $236,670
Additional Features
- 31 Units
- Laundry Facilities
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 13, 2025
Closed on
Sep 15, 2025
Sold by
Bought by
Seller's Agent
Cameron Samimi
Lyon Stahl Investment Real Estate, Inc.
Buyer's Agent
Cameron Samimi
Lyon Stahl Investment Real Estate, Inc.
List Price
$5,700,000
Sold Price
$5,700,000
Views
27
Purchase Details
Closed on
Mar 30, 2006
Sold by
Bought by
Purchase Details
Closed on
Dec 29, 1997
Sold by
Bought by
Home Values in the Area
Average Home Value in this Area
Agents Specializing in West Simi Valley, CA
-
Michael Rescigno
-
Victor De La Rosa
Victor De La Rosa
RE/MAX ONE
(805) 422-7196
4 Total Sales
1 in West Simi Valley
$635,000 Price
-
Allan Mann
Allan Mann
Time Realty Property Management
(805) 790-7958
122 Total Sales
36 in West Simi Valley
$2K - $2M Price Range
-
Norma Halvorson
Norma Halvorson
Keller Williams Exclusive Properties
(805) 222-7892
58 Total Sales
6 in West Simi Valley
$425K - $700K Price Range
-
Veronica Licea
Veronica Licea
Coldwell Banker Realty
(805) 793-1254
47 Total Sales
1 in West Simi Valley
$690,000 Price
-
Jeff Trifiro
Jeff Trifiro
Paramount Estates
(805) 902-3876
65 Total Sales
2 in West Simi Valley
$1,150,000 Price Range
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $5,300,000 | Commonwealth Land Title | ||
| -- | None Available | ||
| -- | First American Title Ins Co |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | $1,300,000 | ||
| Previous Owner | $1,300,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 09/16/2025 09/16/25 | Sold | $5,700,000 | 0.0% | $359 / Sq Ft |
| 03/13/2025 03/13/25 | For Sale | $5,700,000 | -- | $359 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $41,364 | $3,721,801 | $1,454,368 | $2,267,433 |
| 2024 | $41,364 | $3,649,129 | $1,425,851 | $2,223,278 |
| 2023 | $38,982 | $3,562,382 | $1,397,893 | $2,164,489 |
| 2022 | $39,151 | $3,508,032 | $1,370,483 | $2,137,549 |
| 2021 | $39,127 | $3,439,551 | $1,343,610 | $2,095,941 |
| 2020 | $38,358 | $3,388,943 | $1,329,834 | $2,059,109 |
| 2019 | $36,704 | $3,322,494 | $1,303,759 | $2,018,735 |
| 2018 | $36,591 | $3,257,348 | $1,278,196 | $1,979,152 |
| 2017 | $35,936 | $3,193,480 | $1,253,134 | $1,940,346 |
| 2016 | $34,427 | $3,130,863 | $1,228,563 | $1,902,300 |
| 2015 | $33,875 | $3,083,836 | $1,210,109 | $1,873,727 |
| 2014 | $33,596 | $3,023,429 | $1,186,405 | $1,837,024 |
Source: Public Records
Agents Affiliated with this Home
-
Cameron Samimi
Seller's Agent in 2025
Cameron Samimi
Lyon Stahl Investment Real Estate, Inc.
(310) 259-7556
1 in this area
205 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB25054169
APN: 632-0-020-555
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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