721 Cinnabar Place
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 18, 2025 | Sold | ||
| Sold | |||
| Oct 23, 2025 | In contract | - | |
| In contract | |||
| Sep 24, 2025 | Relisted | $1,250,000 | |
| Relisted | |||
| Sep 9, 2025 | In contract | - | |
| In contract | |||
| Jul 30, 2025 | Listed by JohnHart Real Estate | $1,250,000 | |
| Listed by JohnHart Real Estate | |||
| | |||
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This beautifully updated 5-bedroom, 3-bath pool home offers the perfect blend of luxury, comfort, and functionality. An optional sixth bedroom or upstairs home office features a built-in desk, ideal for today's flexible lifestyle.
Enter the home to soaring ceilings and an airy open floor plan, with sunlight pouring through large windows that highlight the home's warm, inviting atmosphere. The living room, complete with a cozy fireplace, flows seamlessly into a formal dining area-perfect for entertaining.
The chef's kitchen is a true centerpiece, featuring stainless steel appliances, a stylish backsplash, center island with pendant lighting, and ample cabinetry for all your storage needs. Drinking water filtration is installed for your convenience and health. Retreat to the spacious primary suite, where you'll find a second fireplace, a large walk-in closet, and a private balcony with breathtaking views of Simi Valley's rolling hills.
Outside, the backyard is an entertainer's dream: palm trees swaying, a sparkling saltwater pool with slide and attached spa that can be controlled via an app, built-in barbecue, and lush landscaping that radiates resort-style relaxation. A speaker sound system is installed downstairs, perfect for setting the mood during pool parties or relaxing evenings.
Additional features include a front door security camera, which will stay and be included with the purchase, and an attached 3-car garage. Modern, upgraded bathrooms throughout complete this exceptional home.
Located on a quiet, friendly street in one of Simi's most desirable neighborhoods, this home offers an unparalleled lifestyle.
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About Simi Valley
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017