2346 Royal Avenue #9
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%.
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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 |
|---|---|---|---|
| May 19, 2025 | Listed | $690,000 | |
| Listed | |||
| | |||
|
Now available in the heart of Simi Valley, this beautifully renovated 3-bedroom, 2.5-bathroom townhome offers 1,414 square feet of thoughtfully upgraded living space. From the moment you enter, you'll appreciate the modern finishes and attention to detail that make this home truly move-in ready. The main level features a spacious open layout enhanced by new recessed lighting and stylish updates throughout, creating a warm and inviting atmosphere. A dedicated indoor laundry area adds everyday convenience, while the private patio offers a relaxing space for outdoor enjoyment.
Upstairs, you'll find all three bedrooms, each offering ample closet space and natural light. The bathrooms have been tastefully updated, contributing to the overall comfort and functionality of the home. The attached spacious two-car garage provides direct access and additional storage space.
This well-maintained community has recently undergone significant improvements, including exterior repainting and a new roof within the past four years, providing peace of mind for years to come. With its central Simi Valley location near schools, shopping, dining, and parks, this is a fantastic opportunity for buyers looking for turnkey quality, space, and value in a sought-after neighborhood.
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| Jun 20, 2022 | No longer available | - | |
| No longer available | |||
| Apr 28, 2022 | In contract | - | |
| In contract | |||
| Apr 20, 2022 | Listed by RE/MAX ONE | $579,999 | |
| Listed by RE/MAX ONE | |||
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undefined The manager has listed the unit size as 1414 square feet.
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| Jun 3, 2019 | Sold | ||
| Sold | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
09/14/2023
|
3 Bed
|
2 Bath
|
1088 ft²
|
$599,000
3 Bed
2 Bath
1088 ft²
|
-
-
|
Meline Khacheryan
eXp Realty of California Inc
| |
|
04/20/2022
|
3 Bed
|
3 Bath
|
1414 ft²
|
$579,999
3 Bed
3 Bath
1414 ft²
|
-
-
|
Brandon D Cusinato
RE/MAX ONE
| |
|
04/03/2019
|
3 Bed
|
2 Bath
|
1414 ft²
|
$419,000
3 Bed
2 Bath
1414 ft²
|
$415,000
-0.95%
06/03/2019
|
Jay Halvorson
Keller Williams Exclusive Properties
| |
|
10/10/2018
|
3 Bed
|
2 Bath
|
1414 ft²
|
$397,000
3 Bed
2 Bath
1414 ft²
|
$399,000
+0.50%
12/06/2018
|
Beatriz Lopez
Century 21 Real Estate Alliance
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017