Seller's Agent in 2024
Zack Saab
Coldwell Banker Realty
(818) 222-7826
4 in this area
31 Total Sales
4051 Adam Rd Simi Valley, CA 93063
Central Simi Valley NeighborhoodEstimated Value: $1,523,412 - $1,603,000
7
Beds
6
Baths
4,100
Sq Ft
$379/Sq Ft
Est. Value
Highlights
- 0.93 Acre Lot
- Laundry Room
- Level Lot
- Simi Valley High School Rated A-
About This Home
As of September 2024Unlock 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.
Don't miss out on this exceptional investment opportunity in one of Simi Valley's most sought-after neighborhoods. Contact us today to schedule a viewing and explore the full potential of this unique property!
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1948
Lot Details
- 0.93 Acre Lot
- No Common Walls
- Level Lot
- Density is 2-5 Units/Acre
Parking
- 10 Car Garage
Home Design
- Entry on the 1st floor
Interior Spaces
- 4,100 Sq Ft Home
- 2-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 7 Bedrooms
- 6 Bathrooms
Additional Features
- Exterior Lighting
- Suburban Location
Listing and Financial Details
- Tax Tract Number 84
- Assessor Parcel Number 6180010190
- Seller Considering Concessions
Community Details
Overview
- 3 Buildings
- 5 Units
Building Details
- 3 Separate Electric Meters
- 3 Separate Gas Meters
- 3 Separate Water Meters
- Electric Expense $5,338
- Insurance Expense $1,315
- Operating Expense $25,271
- Gross Income $100,500
- Net Operating Income $75,229
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 16, 2024
Closed on
Aug 22, 2024
Sold by
Beaty Family Living Trust and Beaty James Allan
Bought by
Lopez Carlos and Lopez Maria
Seller's Agent
Zack Saab
Coldwell Banker Realty
Buyer's Agent
Zack Saab
Coldwell Banker Realty
List Price
$1,550,000
Sold Price
$1,550,000
Views
2
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,603
Avg. Annual Appreciation
0.18%
Original Mortgage
$1,007,500
Outstanding Balance
$995,901
Interest Rate
6.78%
Mortgage Type
New Conventional
Estimated Equity
$557,702
Purchase Details
Closed on
May 5, 2016
Sold by
Beaty James Allan and Beaty Pamela Kay
Bought by
The Beaty Family Living Trust and Beaty Pamela Kay
Purchase Details
Closed on
Jun 18, 2007
Sold by
Beaty James Allan
Bought by
Beaty James Allan
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Lopez Carlos | $1,550,000 | Fidelity National Title | |
| The Beaty Family Living Trust | -- | None Available | |
| Beaty James Allan | -- | None Available | |
| Beaty James Allan | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Lopez Carlos | $1,007,500 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 09/10/2024 09/10/24 | Sold | $1,550,000 | 0.0% | $378 / Sq Ft | |
| 09/10/2024 09/10/24 | Sold | $1,550,000 | 0.0% | $378 / Sq Ft | View Prior Sale |
| 08/16/2024 08/16/24 | For Sale | $1,550,000 | 0.0% | $378 / Sq Ft | |
| 08/16/2024 08/16/24 | For Sale | $1,550,000 | -- | $378 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $5,541 | $1,550,000 | $1,020,000 | $530,000 |
| 2024 | $5,541 | $421,125 | $175,340 | $245,785 |
| 2023 | $5,216 | $412,868 | $171,902 | $240,966 |
| 2022 | $5,189 | $404,773 | $168,531 | $236,242 |
| 2021 | $5,146 | $396,837 | $165,227 | $231,610 |
| 2020 | $5,038 | $392,770 | $163,534 | $229,236 |
| 2019 | $4,814 | $385,070 | $160,328 | $224,742 |
| 2018 | $4,771 | $377,521 | $157,185 | $220,336 |
| 2017 | $4,665 | $370,119 | $154,103 | $216,016 |
| 2016 | $4,460 | $362,863 | $151,082 | $211,781 |
| 2015 | $4,372 | $357,413 | $148,813 | $208,600 |
| 2014 | $4,309 | $350,414 | $145,899 | $204,515 |
Source: Public Records
Agents Affiliated with this Home
-
Zack Saab
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SR24168648
APN: 618-0-010-190
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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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