4051 Adam Road

Simi Valley, CA 93063

$1,550,000

Sold Price
7

bed Beds

6

shower Baths

4,100 sqft

straighten / sqft

1948

calendar_month Built

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.

Listing Information

Close Price $1,550,000
Close Date Tuesday, September 10th, 2024
Status Closed
MLS SR24169589
HOA $0
Type Residential
Subtype Triplex
Year Built 1948
Lot Size 40,329
Structure Size 4,100
DOM 4
Courtesy Of Coldwell Banker Realty
Listing Agent Zack Saab DRE#01762798

Interior Features

Laundry Information
Location(s) Washer Hookup
Total Bedroom
Bedrooms 7
Total Bathroom
Bathrooms 6
Fireplace Information
Features Living Room
Cooling Type
Cooling Type Central Air

Exterior Information

Maps

Listing information courtesy of: Zack Saab, Coldwell Banker Realty . *Based on information from the Association of REALTORS/Multiple Listing as of Sep 18th, 2024 at 3:55 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. 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.