NOT LISTED FOR SALE
9 Beds
8 Baths
27,259 Sq Ft
0.81 Acres

Last Sold May 03, 2019

Last sale price $7,350,000 $270 Per Sq Ft

71 Days on Market

Highlights

  • Newly Remodeled
  • 0.81 Acre Lot
  • Den
  • Simi Valley High School Rated A-
  • Wood Flooring
  • Balcony

About This Home

As of May 2019

Bulk Sale! Outstanding new construction complex with 14 brand new luxurious CONDOMINIUM/TOWNHOME each with separated APN number
In prime location!
100% leased, located in the area with high rental demand,
A state of art complex.
Contemporary style, each unit feels like a home with approximately 2000 square foot, including:
11 units of 3 bedrooms + 3 bathrooms, 1 unit of 4 bedrooms + 3 bathrooms and 2 units of 2 bedrooms+ 3 bathrooms
, each unit has a separated Den, and open floor plan of living, dining and family room, and two-car direct-access garages. Each unit
has
many luxury fixtures, including real engineering wood flooring, recessed lights, quartz counters in kitchen
and bathrooms, stainless steel Samsung appliances
Stove range, microwave, dishwasher, shaker custom made cabinets with soft-close drawers,
High-quality plumbing fixtures, tile backsplash, interior washer/dryer hook-ups unit,
Tankless water heater, balconies in all units, and patio in each unit AND 2 HVAC systems.
The complex has also additional 13 community guest parking spaces including one handicap space.
And EACH UNIT, SEPARATE METERS INCLUDING WATER, GAS AND ELECTRIC.

Last Agent to Sell the Property

Alfred Tavari

Allstate Realty License #01290392 Listed on: 02/20/2019

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

Property Details

Home Type

  • Condominium

Year Built

  • Built in 2018 | Newly Remodeled

Lot Details

  • Property fronts a private road
  • Two or More Common Walls
  • Landscaped

Parking

  • 9 Open Parking Spaces
  • 28 Car Garage
  • 4 Carport Spaces

Interior Spaces

  • 27,259 Sq Ft Home
  • 1-Story Property
  • Family Room
  • Living Room
  • Den
  • Wood Flooring

Kitchen

  • Gas Oven
  • Gas Range
  • Free-Standing Range
  • Microwave
  • Water Line To Refrigerator
  • Disposal

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 8 Bathrooms

Laundry

  • Laundry Room
  • Gas And Electric Dryer Hookup

Outdoor Features

  • Balcony

Utilities

  • Central Heating and Cooling System
  • Standard Electricity
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for all utilities
  • Tax Lot 116
  • Tax Tract Number 5940
  • Assessor Parcel Number 6250081100

Community Details

Overview

  • 4 Buildings
  • 14 Units

Building Details

  • 14 Leased Units
  • 14 Separate Electric Meters
  • 14 Separate Gas Meters
  • 14 Separate Water Meters
  • Electric Expense $1,800
  • Insurance Expense $10,800
  • Water Sewer Expense $1,200
  • New Taxes Expense $84,000
  • Operating Expense $108,300
  • Gross Income $503,700
  • Net Operating Income $395,400

Property Details

Home Type

Condominium

Year Built

Built in 2018 | Newly Remodeled

Lot Details

0

Parking

28

Listing Details

  • CapRate: 5.30
  • Property Attached: Yes
  • Road Frontage Type: Private Road
  • Road Surface Type: Paved
  • Subdivision Name Other: 1007242/Not Applicable
  • Water Sewer Expenses: 1200.00
  • Zoning: RH-13.5FC
  • New Construction: Yes
  • Property Sub Type: Condominium
  • Property Type: Residential Income
  • Parcel Number: 6250081100
  • Year Built: 2018
  • Special Features: NewHome

Interior Features

  • Interior Amenities: Balcony
  • Stories: 1
  • Common Walls: 2+ Common Walls
  • Flooring: Wood
  • Appliances: Yes
  • Levels: Three Or More
  • Price Per Square Foot: 269.64
  • Room Type: Den, Family Room, Living Room

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 4.00
  • Garage Spaces: 28.00
  • Total Parking Spaces: 41.00
  • Uncovered Spaces: 9.00

Utilities

  • Utilities: Natural Gas Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Free-Standing Range, Disposal, Gas Oven, Gas Range, Gas Water Heater, Microwave, Water Line to Refrigerator
  • Electric: Standard
  • Heating Type: Central
  • Laundry Features: Gas & Electric Dryer Hookup
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Landscaped
  • Lot Size Sq Ft: 35236.00
  • Lot Size Acres: 0.8089

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Average2 Bed Area: 1644 Square Feet
  • Average3 Bed Area: 1964 Square Feet
  • Electric Expense: 1800.00
  • Gross Income: 503700.00
  • Gross Multiplier: 14.50
  • Gross Scheduled Income: 503700.00
  • Insurance Expense: 10800.00
  • Lot Size Area: 35236.0000 Square Feet
  • Net Operating Income: 395400.00
  • Number Of Separate Electric Meters: 14
  • Number Of Separate Gas Meters: 14
  • Number Of Separate Water Meters: 14
  • Number Of Units Leased: 14
  • Number Of Units Total: 14
  • Number With Dishwasher: 14
  • Number With Disposal: 14
  • Number With Range: 14
  • Operating Expense: 108300.00
  • Rent Control: No
  • Total Actual Rent: 41975.00
  • Total Expenses: 108300.00

Tax Info

  • New Taxes Expense: 84000.00
  • Tax Census Tract: 82.01
  • Tax Lot: 116
  • Tax Tract Number: 5940

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
05/03/2019 05/03/19 Sold $7,350,000 -1.3% $270 / Sq Ft
05/02/2019 05/02/19 Pending -- -- --
02/20/2019 02/20/19 For Sale $7,450,000 0.0% $273 / Sq Ft
09/04/2013 09/04/13 Rented $1,650 0.0% --
09/04/2013 09/04/13 Under Contract -- -- --
08/25/2013 08/25/13 Rented $1,650 0.0% --
08/25/2013 08/25/13 For Rent $1,650 0.0% --
08/23/2013 08/23/13 For Rent $1,650 -- --
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: SR19038844

California Regional Multiple Listing Service (CRMLS)

APN: 625-0-081-100