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490 Peter Place
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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 22, 2026 | Sold | ||
| Sold | |||
| Apr 11, 2026 | In contract | - | |
| In contract | |||
| Mar 12, 2026 | Listed by The ONE Luxury Properties | $1,739,000 | |
| Listed by The ONE Luxury Properties | |||
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An Elevated Estate of Rare Distinction. Discreetly positioned on a quiet cul-de-sac in West Simi Valley, 490 Peter Place is a rarely available elevated view residence offering sweeping panoramic city and mountain vistas, paired with the uncommon convenience of RV access. Set above the surrounding landscape, the home commands a privileged perspective where light, scale, and privacy converge to define an exceptional living experience. From the first light of sunrise to the soft glow of city lights after dusk, the expansive outlook is not a secondary feature--it is integral to the home's identity. The residence has been thoughtfully oriented to honor its setting, with interiors and outdoor living spaces designed to frame the views and draw natural light deep into the main living areas. Each space feels intentionally connected to the horizon, creating a sense of openness, calm, and quiet refinement throughout. The living experience extends seamlessly outdoors to a private, resort-caliber setting designed for both intimate enjoyment and sophisticated entertaining. Anchoring the backyard is a sparkling pebble-finished pool and spa with Baja shelf, offering a tranquil escape against a dramatic elevated backdrop. Custom quartzite outdoor fireplace and hardscape adds warmth and ambiance as the day transitions into evening, while the fully equipped outdoor kitchen with custom quartzite pizza oven transforms casual gatherings into elevated occasions. Throughout the day and night, the views continue to evolve, providing a striking and ever-changing canvas. Mature fruit trees introduce a sense of established elegance and natural charm, enhancing the property's connection to its surroundings while reinforcing the feeling of privacy and permanence that defines true luxury. Beyond its aesthetic appeal, this home offers a level of versatility rarely found in panoramic view homes. Functional RV access, generous parking, and flexible space for recreational vehicles, boats, or additional storage provide practical luxury without compromise. A low HOA of approximately $35 per month preserves neighborhood standards and architectural harmony while maintaining minimal ongoing costs--an increasingly rare advantage in today's market.Homes that successfully unite elevated panoramic views, resort-style outdoor living, privacy, and functional flexibility are exceptionally scarce in West Simi Valley. At 490 Peter Place, the setting does more than complement the residence--it shapes it. This is an offering for the discerning buyer seeking enduring value, refined lifestyle, and a home defined by perspective, presence, and distinction.
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| Dec 16, 2025 | Listed | $1,799,000 | |
| Listed | |||
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Rarely available elevated view property offering panoramic city and mountain vistas together with RV access.Set on a quiet cul-de-sac in West Simi Valley, 490 Peter Place is distinguished by an elevated setting where sweeping city and mountain views shape how the home is experienced from morning through evening. From changing light at sunrise to city lights after dusk, the expansive outlook is not simply a feature--it defines the way the home is lived in, enjoyed, and shared.The thoughtfully designed floor plan and outdoor living areas are intentionally oriented to capture the scenery, allowing natural light and panoramic views to anchor the main living spaces. The result is a residence where the outlook is central to daily life rather than an occasional backdrop.Designed to extend the living experience outdoors, the backyard offers a private retreat ideal for both relaxation and entertaining. A sparkling pebble-finished pool and spa with Baja shelf, custom outdoor fireplace, and fully equipped outdoor kitchen with pizza oven create a setting perfectly suited for gatherings, while the elevated views provide a dramatic and ever-changing backdrop throughout the day and into the evening. Mature fruit trees add character and a sense of established charm, enhancing the connection to the outdoor environment.The property also features functional RV access, ample parking, and a layout that provides flexibility for recreational vehicles, boats, or additional storage--an increasingly rare complement to a true panoramic view property.Low HOA (approx. $25/month) maintains neighborhood standards and architectural consistency while keeping monthly ownership costs minimal compared to many nearby communities.Homes offering this combination of panoramic views, resort-style outdoor living, RV access, and privacy, where the setting defines the living experience rather than simply accompanying it--are increasingly scarce in West Simi Valley, making this a compelling opportunity for buyers seeking lifestyle, versatility, and long-term value in a premier location.
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| May 19, 2015 | Sold | ||
| Sold | |||
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About Simi Valley
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017