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1534 Wallace Street
About This Property
Inside, enjoy high ceilings, a cozy fireplace, fresh paint, updated flooring, and modern lighting. Recent improvements include a 2023 roof, newer furnace and thermostat, and water heater.
The generous lot offers exciting potential to create your ideal outdoor space and may offer ADU possibilities. An extended patio cover provides a great setting for outdoor entertaining, gatherings, and relaxing outings. The 2-car direct-access garage adds everyday convenience.
Conveniently located near schools, shopping, dining, parks, and commuter routes, this home offers comfort, potential, and an excellent Central Simi Valley location.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 13, 2026 | Listed by eXp Realty of Southern Califor | $749,000 | |
| Listed by eXp Realty of Southern Califor | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017