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2044 Covington Avenue
About This Property
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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 |
|---|---|---|---|
| Apr 22, 2026 | Sold | ||
| Sold | |||
| Mar 17, 2026 | In contract | - | |
| In contract | |||
| Dec 27, 2025 | Listed by eXp Realty of California Inc | $625,000 | |
| Listed by eXp Realty of California Inc | |||
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Welcome home to this low-maintenance, move-in ready 2 bedroom, 2 bath residence with a versatile den addition--perfect for a home office, hobby room, reading retreat, or comfortable guest space. Ideally situated in the heart of Simi Valley, while tucked into a nice, quiet neighborhood.Inside this beautiful home you'll notice a vaulted ceiling at the entry, newer dual paned windows and the main living areas feature wood laminate flooring for a clean, modern look that's easy to maintain. Central A/C keeps the home comfortable year-round, and ceiling fans in both bedrooms add an extra touch of efficiency and comfort. This home also offers important updates for peace of mind, including a new exterior fence professionally installed less than one year ago, and a newer roof and fresh exterior paint.Designed with easy living in mind, both bedrooms include custom closets to maximize organization and storage--ideal for simplifying day-to-day life. An attached garage with direct access to the home adds welcome convenience, whether you're coming home with groceries or looking for secure, easy entry.So if you're looking for a turnkey, comfortable, manageable home in a central location, this inviting Simi Valley property is ready to welcome you.
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| Jan 9, 2024 | Sold | ||
| Sold | |||
| Nov 20, 2023 | Listed by Keller Williams Exclusive Properties | $590,000 | |
| Listed by Keller Williams Exclusive Properties | |||
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About Simi Valley
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017