$1,550,000
$1,550,000
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0.93 Acres Lot
SOLD DATE : 09/10/2024
Key Details
Sold Price $1,550,000
Property Type Multi-Family
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Subdivision Kadota Fig Farm
MLS Listing ID SR24168648
Sold Date 09/10/24
HOA Y/N No
Year Built 1948
Lot Size 0.926 Acres
Property Description
Unlock 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!
Location
State CA
County Ventura
Area Svw - West Simi
Interior
Fireplace No
Laundry See Remarks
Exterior
Garage Spaces 10.0
Garage Description 10.0
Pool None
Community Features Street Lights, Suburban
Total Parking Spaces 10
Private Pool No
Building
Lot Description 2-5 Units/Acre, Level
Story 2
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 6180010190
Acceptable Financing Cash
Listing Terms Cash
Financing Cash to New Loan
Special Listing Condition Standard
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Bought with Zack Saab • Coldwell Banker Realty
Real Estate Consultant | License ID: 01971542
+1(562) 595-3264 | karen@iwakoshirealtor.com