$437,000
●
Condo -
Off Market
1948 Rory Lane #5
Simi Valley, CA 93063
2 Beds
2 Baths,
1
Half Bath
1,287 Ft²
$2,926
Est. Monthly
$475
HOA / Fees
6.75%
Cap Rate
About This Property
Fixer-upper in Simi Valley! This townhome offers great potential
with a spacious floor plan, attached garage, and private patio.
Ideal for investors, contractors, or buyers looking to create their
own vision. Conveniently located near parks, shopping, dining, and
freeway access.
Unit Size
1,287 Ft²
Days on Market
53 days
Land Size
0.03 acres
Price per sqft
$388
Property Type
Condo
Property Taxes
-
HOA Dues
$475
Year Built
-
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Cap Rate Calculator
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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: 12 months ago (CRMLS #V1-32312)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 8, 2026 | Sold | ||
| Sold | |||
| May 14, 2026 | In contract | - | |
| In contract | |||
| Mar 25, 2026 | Price Decreased |
$575,000
↓ $22K
(3.7%) | |
| Price Decreased | |||
| Feb 17, 2026 | Listed by RE/MAX Gold Coast REALTORS | $597,000 | |
| Listed by RE/MAX Gold Coast REALTORS | |||
 | |||
|
Completely remodeled from top to bottom, this stunning Simi Valley residence showcases over $44,000 in high-quality upgrades with no detail overlooked (per seller's) The thoughtfully redesigned open-concept layout creates a seamless flow between the living, dining, and kitchen areas, enhanced by brand-new flooring and fresh interior paint throughout.The fully renovated kitchen features new cabinetry, modern countertops, and brand-new appliances, delivering both style and functionality. A newly installed electric fireplace anchors the living space, adding warmth and contemporary elegance. All light fixtures have been updated to complement the home's clean, modern aesthetic.The bathroom has been tastefully remodeled with refined finishes and attention to detail, creating a spa-like atmosphere. Every element of this home reflects careful craftsmanship and intentional design.Turnkey and move-in ready, this property offers the rare opportunity to own a fully upgraded home where no expense was spared.
| |||
| Nov 25, 2025 | Sold | ||
| Sold | |||
Show More
Property Highlights
Garage
Fireplace
Parking Details
Has Garage
Attached Garage
Garage Spaces: 1
Interior Details
Half Bathrooms: 1
Full Bathrooms: 2
Interior Features: AllBedroomsUp
Laundry Features: In Kitchen
Has Fireplace
Fireplace Features: Living Room
Exterior Details
Has Property Attached
Square Footage: 1287
Square Footage Source: $0
Year Built Source: Assessor
Year Built: 1984
Levels: Two
Patio and Porch Features: None
Pool Features: Association, Community
Pool is Private
Lot Features: SprinklersNone
Lot Size Area: 1287
Lot Size Units: Square Feet
Lot Size Acres: 0.0295
Lot Size Square Feet: 1287
Water Source: Public
Utilities Details
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Amenities: Other
HOA Fee: $475
HOA Fee Frequency: Monthly
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
09/12/2025
|
2 Bed
|
2 Bath
|
1287 ft²
|
$499,000
2 Bed
2 Bath
1287 ft²
|
$437,000
-12.42%
11/25/2025
|
Enrique Montano
RE/MAX Gold Coast REALTORS
| |
|
03/25/2021
|
3 Bed
|
3 Bath
|
1583 ft²
|
$530,000
3 Bed
3 Bath
1583 ft²
|
-
-
|
-
| |
|
08/03/2020
|
3 Bed
|
2 Bath
|
1583 ft²
|
$455,000
3 Bed
2 Bath
1583 ft²
|
$452,500
-0.55%
09/14/2020
|
Tonie Ross
Century 21 Hilltop
| |
|
02/07/2018
|
2 Bed
|
2 Bath
|
1131 ft²
|
$399,900
2 Bed
2 Bath
1131 ft²
|
$392,500
-1.85%
05/11/2018
|
Erik Sellfors
Cambridge Homes
| |
|
11/14/2017
|
3 Bed
|
2 Bath
|
1583 ft²
|
$412,000
3 Bed
2 Bath
1583 ft²
|
$409,000
-0.73%
01/08/2018
|
Judith Seeger
Pinnacle Estate Properties, Inc.
| |
|
06/30/2013
|
2 Bed
|
2 Bath
|
1131 ft²
|
$299,999
2 Bed
2 Bath
1131 ft²
|
$299,000
-0.33%
08/22/2013
|
Joseph Goodwin
MCD Realty Inc.
|
Building Info
About Simi Valley
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Listed by: Enrique Montano, RE/MAX Gold Coast REALTORS
Last Updated: 12 months ago
Data Source: CRMLS, MLS# V1-32312
Last Updated: 12 months ago
Data Source: CRMLS, MLS# V1-32312
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