1
Map
$720,000
●
House -
Off Market
1620 Spence Street
Simi Valley, CA 93065
4 Beds
1 Bath,
1
Half Bath
1,227 Ft²
$3,531
Est. Monthly
About This Property
Opportunity is knocking! Single story Simi Valley Pool Home located
in a great neighborhood and minutes to Park View Elementary School.
Offering 4 bedrooms, 1.5 bathrooms, Fresh Exterior Paint, New
Flower Beds, New Front Door, an attached 2 car garage with a large
driveway for extra parking, and situated on a large 7,840 SQ. Ft.
lot. The open floor plan features a nice living room and dining
area that overlooks the kitchen with a gas range and great cabinet
and counter space. There's a separate bed and bath on one side of
the home for privacy, and three bedrooms and a bath on the other. A
spacious rear yard features a large covered patio, swimming pool,
shed and great side yard. Additional amenities include: Central air
& heat, plus ceiling fans. Copper plumbing, and sewer line has been
replaced. All termite work has been completed. Easy access to
shopping, dining, parks and minutes to the freeway. Opportunities
like this don't last long, see it today!
Unit Size
1,227 Ft²
Days on Market
256 days
Land Size
0.18 acres
Price per sqft
$586
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1961
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Cap Rate
100% Occupancy
N/A (extreme outlier) 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.
Last updated: 10 months ago (CRMLS #225002340)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jan 23, 2026 | Sold | ||
| Sold | |||
| Dec 20, 2025 | In contract | - | |
| In contract | |||
| Nov 21, 2025 | Price Decreased |
$719,000
↓ $10K
(1.4%) | |
| Price Decreased | |||
| Nov 14, 2025 | Price Decreased |
$729,000
↓ $6K
(0.8%) | |
| Price Decreased | |||
| Oct 9, 2025 | Price Decreased |
$735,000
↓ $14K
(1.9%) | |
| Price Decreased | |||
Show More
Property Highlights
Garage
Air Conditioning
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
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Type
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Baths
ft²
Price/ft²
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Listed On
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Sold On
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About Simi Valley
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Listed by: Bryan Fleming, RE/MAX ONE
Last Updated: 10 months ago
Data Source: CRMLS, MLS# 225002340
Last Updated: 10 months ago
Data Source: CRMLS, MLS# 225002340
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