4051 Adam Rd

Simi Valley, CA 93063

$1,550,000
Last Sold Price
7
Beds
4,100 Sq. Ft.
$378 / Sq. Ft.
4,100
Sq. Ft.
$378
per Sq. Ft.
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Closed 9/10/24
Closed 9/10/24
a view of a white house with a yard plants and a large tree

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....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.
  1. Listed by Zack Saab • DRE #01762798 • Brokerage DRE #00616212 • Coldwell Banker Realty • 310-867-9375

Property Details for 4051 Adam Road

View
None
Parking Spaces Total
0
Private Pool
No
Cooling Type
Central Air
Total Units
5.0
Building Type
Detached
Lot Size Source
Assessor
Living Area
4100
LISTING CLOSED: 09/10/2024 12:00 AM

Property Details for 4051 Adam Road

StatusClosed
MLS #SR24169589
Days on Market4
Taxes-
HOA Fees-
Condo/Co-op Fees-
Property TypeMixed Use
MLS TypeResidential
Year Built1948
Lot Size0.93 AC / 40,329 SF
CountyVentura County
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Location

Listing Courtesy of Coldwell Banker Realty, Zack Saab, DRE #01762798

Sold By Coldwell Banker Realty, Zack Saab, DRE #01762798

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Building Information for 4051 Adam Road

Stories2Residences-Year Built1948Building Size-Lot Size0.93 AC / 40,329 SF

Payment Calculator

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OriginPoint Mortgage or Rocket Mortgage1

$9,214 per month

30 year fixed, 6.36% Interest

Principal and Interest

$7,724

Property Taxes

$1,490

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 4051 Adam Road

Income / Expense / Tax Details
Income Details
  • Gross Income: $100,500
  • Gross Scheduled Income: $100,500
  • Net Operating Income: $75,229
  • Financing: Cash To New Loan
Expense Details
  • Operating Expense: $25,271
  • Fuel Expense: $0
  • Electric Expense: $5,338
  • Insurance Expense: $1,315
  • Professional Management Expense: $0
  • Trash Expense: $0
  • Water Sewer Expense: $0
  • Total Expenses: $25,271
Tax / Assessment Info
  • Tax Tract Number: 0
  • CFD/Mello-Roos Fee: $0
Community / Development
Community / Development
  • Assessments YN: No
  • Assessments: None
  • Community Features: Suburban
Property / Structure Info
Interior Features
  • Room Type: Kitchen, Living Room
  • Main Level Bathrooms: 6
  • Main Level Bedrooms: 7
  • Laundry: Yes
  • Laundry Features: Washer Hookup
  • Laundry Location: Washer Hookup
  • Laundry Utilities: Washer Hookup
  • Fireplace Features: Living Room
  • Fireplace Rooms: Living Room
  • Fireplace: FP in Living Room
  • Cooling: Central Air
Exterior Features
  • Entry Location: 1
  • Structures: Suburban
  • Structure Type: Triplex
  • Other Structures: Suburban
  • Miscellaneous: Suburban
  • View Description: None
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Pool Heat: N/K
Land/Lot Info
  • Lot Features: 2-5 Units/Acre
  • Lease Considered: No
  • Number Of Units: 5
  • Available For Lease: No
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Sewer/Septic: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
Property / Structure Info
  • Builders Tract Name: Other
  • Builders Tract Code: Other (OTHR)
  • Residential Styles: All Other Attached
  • Residential Unit Location: No Common Walls
Unit Information
Unit 1
  • Unit Type Units Total: 5
  • Unit Type Beds Total: 7
  • Unit Type Baths Total: 6
  • Unit Type Furnished: Furnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $8,375
  • Unit Type Total Rent: $8,375
  • Unit Type Pro Forma: 9775
  • Unit Type Type: 1
Unit Information
  • Rent Controlled: No
  • Number Of Buildings: 3
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 3

Property History for 4051 Adam Road

DateEvent & SourcePriceAppreciation
Sep 10, 2024

Sold

CLAW #SR24169589MR

$1,550,000—
Sep 10, 2024

Sold

CRMLS #SR24169589

$1,550,000—
Sep 10, 2024

Sold

SDMLS #SR24169589

$1,550,000—
DateEvent & SourcePrice
09/10/2024

Sold

CLAW #SR24169589MR

$1,550,000
09/10/2024

Sold

CRMLS #SR24169589

$1,550,000
09/10/2024

Sold

SDMLS #SR24169589

$1,550,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 4051 Adam Road

Taxable ValueLand$1,040,400Additions$540,600Total$1,581,000
Tax Record2025$17,880 ($1,490 / month)
Home Facts
Lot Size40,329 SqFtStyleTriplexZoningRVL-CountyVENTURAAPN618-0-010-190

Schools near 4051 Adam Road

This home is within Simi Valley Unified School District.
Rating
School
Type
Grades
Distance
Santa Susana Elementary School
Public - K to 6
Valley View Middle School
Public - 6 to 8
Simi Valley High School
Public - 9 to 12
Santa Susana High School
Public - 9 to 12
Rating
School
Distance
Santa Susana Elementary School
PublicK to 6

Valley View Middle School
Public6 to 8

Simi Valley High School
Public9 to 12

Santa Susana High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Coldwell Banker Realty, Zack Saab, DRE #01762798

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.