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3005 Mineral Wells Drive
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 |
|---|---|---|---|
| Nov 17, 2025 | Sold | ||
| Sold | |||
| Oct 18, 2025 | In contract | - | |
| In contract | |||
| Sep 25, 2025 | Listed by Compass | $860,000 | |
| Listed by Compass | |||
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Welcome to 3005 Mineral Wells Drive, Simi Valley, a charming single-story home that epitomizes comfort and convenience! Nestled on a spacious 8,100 square foot corner lot, this well-maintained residence offers ample room for outdoor enjoyment and potential RV access, making it an ideal retreat for both relaxation and recreation.
Step inside to discover 1,434 square feet of thoughtfully designed living space, featuring 3 comfortable bedrooms and 2 modern bathrooms. The heart of the home is the inviting kitchen, equipped with sleek stainless steel appliances, granite countertops and large window that bathes the area in natural light. The open floor plan seamlessly connects the kitchen to the cozy living room, highlighted by elegant wood floors, recessed lighting, and a welcoming fireplace.
Each bedroom is a haven of tranquility, complete with ceiling fans and plush new carpeting. The master suite provides direct access to the expansive backyard, where you’ll find mature fruit trees and a private outdoor space perfect for entertaining or relaxing in the California sun.
Additional amenities include an attached two-car garage with a convenient washer and dryer in-unit, providing ease and functionality for everyday living. Behind the garage, you'll find an attached storage room, offering extra space for all your storage needs.
This home is a true gem in Simi Valley, offering the perfect blend of comfort, style, and space for you to create lasting memories. Don't miss the opportunity to make this delightful corner-lot property your own!
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| Sep 23, 2022 | Sold | ||
| Sold | |||
| Jul 19, 2022 | Listed by Evolve RE Inc. | $755,000 | |
| Listed by Evolve RE Inc. | |||
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About Simi Valley
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017