NOT LISTED FOR SALE
8 Beds
7 Baths
3,871 Sq Ft
8,971 Sq Ft Lot

Last Sold June 22, 2020

Last sale price $960,000 $248 Per Sq Ft

5 Days on Market

Highlights

  • Solar Power System
  • Wood Flooring
  • Air Conditioning
  • Hillside Middle School Rated A-
  • Granite Countertops
  • Slab Porch or Patio

About This Home

As of June 2020

Introducinga rare opportunity to own a fourplex in the heart of Simi Valley. Owner is motivated and wants a quick deal! This propertyconsists of four diverse unit makeups. All units have recently been updated to include tile floors on the main level and hardwood for the upper levels. Kitchens feature granite countertops, new appliances and cabinetry.There is a carport with 8 parking spots on site. Downstairs shared laundry also provides income to landlord. With ease of access to the 118 Freeway, residents benefit from the property's proximity to the Simi Valley Town Center, Farmers Market, Simi Hills Golf Course, Sprouts grocer, and the very best Simi offerings. Not to mention award winning schools! The property is fully rented by excellent tenants with a stellar rental history. All tenants are on a month-to-month lease. Tremendous rental upside with a strong cash flow.

Last Agent to Sell the Property

Nicholas Saremi

Equity Union License #02056768 Listed on: 05/20/2020

Equity Union

Last Buyer's Agent

Nicole Ward

Coldwell Banker Realty License #01994737

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1971 | Remodeled

Lot Details

  • 8,971

Home Design

  • Quadruplex

Interior Spaces

  • 3,871 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Kitchen

  • Oven or Range
  • Dishwasher
  • Granite Countertops

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 7 Bathrooms

Parking

  • 8 Parking Spaces
  • Carport
  • Uncovered Parking

Utilities

  • Air Conditioning
  • Cooling System Mounted To A Wall/Window
  • Heating System Mounted To A Wall or Window
  • Sewer in Street
  • Satellite Dish

Additional Features

  • Solar Power System
  • Slab Porch or Patio
  • 8,971 Sq Ft Lot

Community Details

  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 638-0-281-045

Property Details

Home Type

Multi-Family

Year Built

Built in 1971 | Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 3871
  • Property Condition: Updated/Remodeled
  • Stories: 2
  • Year Built: 1971
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Hardwood, Tile
  • Bedrooms: 8
  • Kitchen Features: Granite Counters
  • Laundry: Laundry Area
  • Total Bathrooms: 7.00
  • Equipment: Dishwasher, Range/Oven, Refrigerator, Satellite, Solar Panels
  • Price Per S Q F T: 257.04

Exterior Features

  • Other Structures: None
  • Patio: Concrete Slab

Garage/Parking

  • Parking Garage: Carport, Uncovered
  • Total Parking: 8

Utilities

  • Cooling: Air Conditioning, Wall/Window
  • Heating: Wall
  • Sewer: In Street

Lot Info

  • Assessed Improvement Value: 240000
  • Assessed Land Value: 600000
  • Assessor Parcel Number: 638-0-281-045
  • Geocode Override: No
  • Lot Size Area: 8971

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Number Of Units: 4
  • Type Of Units: fourplex

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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List Price
Sold Price
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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 List to Sale Price per Sq Ft
06/22/2020 06/22/20 Sold $960,000 -3.5% $248 / Sq Ft
05/25/2020 05/25/20 Pending -- -- --
05/20/2020 05/20/20 For Sale $995,000 -- $257 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Tax History

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 $13,473 $1,049,958 $703,581 $346,377
2024 $13,473 $1,029,371 $689,785 $339,586
2023 $12,663 $1,009,188 $676,260 $332,928
2022 $12,582 $989,400 $663,000 $326,400
2021 $12,463 $969,945 $656,734 $313,211
2020 $12,406 $980,000 $670,000 $310,000
2019 $11,806 $960,000 $650,000 $310,000
2018 $10,802 $860,000 $610,000 $250,000
2017 $10,512 $840,000 $600,000 $240,000
2016 $8,923 $720,000 $400,000 $320,000
2015 $7,972 $640,000 $400,000 $240,000
2014 $8,033 $640,000 $400,000 $240,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 20-580730

The MLS

APN: 638-0-281-045