561 Royal Avenue, Simi Valley, CA 93065

About this single-family home

A Developers Dream Property! Newly remodeled, cozy, two bedroom home with a HUGE LOT (nearly 23,000 square feet / 0.53 acre of flat land). The property features brand new kitchen cabinets, quartz countertops, brand new appliances, split a/c units, and laminated wood flooring throughout the house. As well as a fireplace in the livingroom and a 2-3 car carport. Bright and airy, the property is conveniently located near schools, restaurants, shops and various modes of public transportation. But the biggest highlight here is certainly the over 1/2 acre worth of land, which has endless potential. Property potentially qualifies for SB9 ordinance, which means that multiple homes/units/ADUs could be built on this lot. As well as the capacity to possibly split the lot into multiple lots, and build multiple homes or units on each of the new lots. Buyer to verify with the city/count for more info. Certainly worth a look for anyone looking to build and flip, or anyone looking for a large lot in general.

Listing description from the November 2023 sale, as reported to CRMLS.

Sale history

$750,000

Sold November 2023 · listed $749,000, on market April 2023 · MLS #23262437 · Source: CRMLS

Listing Agent: Marielle Epstein · Listing Office: 1st Point Realty · Contact: 818-432-3580 · Bought with: Louis Perez · Tradewind Realty

$780,000

Sold March 2022 · listed $659,000, on market February 2022 · MLS #WS22025995 · Source: CRMLS

Listing Agent: JEANNE HAI · Listing Office: RE/MAX PREMIER/SANMARINO · Contact: 626-660-1100 · Bought with: Marielle Epstein · 1st Point Realty

$470,000

Sold December 2021 · listed $469,000 · MLS #221005490 · Source: CRMLS

Listing Agent: Alan Onoye · Listing Office: Pinnacle Estate Properties, Inc.

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