1736 Sinaloa Road 325, Simi Valley, California 93065, Simi Valley, 93065 - 2 bed, 2 bath
ACTIVE$435,000
1736 Sinaloa Road 325, Simi Valley, California 93065
2Beds
2Baths
1,161Sqft
1,161Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Ideal for First-Time Buyers: The property is explicitly marketed as a 'great starter home' and an opportunity to 'stop renting and start building equity,' making it highly attractive to first-time homebuyers.
Top Cons:
Substantial Monthly HOA Dues: The $615.0 monthly association fee is relatively high for a 2-bedroom condo, which could impact affordability and overall monthly housing costs for buyers.
Compared to the nearby listings
Price:$435.0K vs avg $551.0K ($-116,000)28%
Size:1,161 sqft vs avg 1,190 sqft41%
Price/sqft:$375 vs avg $4329%
More Insights
Built in 1983 (42 years old).
Condition: The property was built in 1983, making it 41 years old, and shows no evidence of major renovations since construction. The bathroom features very dated linoleum flooring, a basic vanity, and old strip lighting, indicating a strong need for cosmetic updates. The living areas have dated, possibly worn, carpet, and light fixtures appear original or very old. While the property is functional and appears structurally sound, it requires substantial cosmetic updates to the kitchen (implied by bathroom condition), bathrooms, and flooring to align with current market expectations and appeal.
Year Built
1983
Close
-
List price
$435K
Original List price
$465K
Price/Sqft
$375
HOA
$615
Days on market
-
Sold On
-
MLS number
225004523
Home ConditionFair
Features
View-
About this home
Don't miss this amazing opportunity to stop renting and start building equity! This 2-bedroom condo in the heart of Simi is a great starter home. Conveniently located near schools, shopping, and restaurants! The community features well kept tennis courts, pool, spa, and a clubhouse!
Nearby schools
4/10
Arroyo Elementary School
Public,•K-6•0.5mi
5/10
Sinaloa Middle School
Public,•6-8•0.3mi
6/10
Royal High School
Public,•9-12•0.7mi
Condition Rating
Fair
The property was built in 1983, making it 41 years old, and shows no evidence of major renovations since construction. The bathroom features very dated linoleum flooring, a basic vanity, and old strip lighting, indicating a strong need for cosmetic updates. The living areas have dated, possibly worn, carpet, and light fixtures appear original or very old. While the property is functional and appears structurally sound, it requires substantial cosmetic updates to the kitchen (implied by bathroom condition), bathrooms, and flooring to align with current market expectations and appeal.
Pros & Cons
Pros
Ideal for First-Time Buyers: The property is explicitly marketed as a 'great starter home' and an opportunity to 'stop renting and start building equity,' making it highly attractive to first-time homebuyers.
Robust Community Amenities: Residents benefit from well-kept community features including tennis courts, a swimming pool, spa, and a clubhouse, enhancing lifestyle and recreational options.
Prime Central Location: Conveniently located in the heart of Simi Valley, offering easy access to schools, diverse shopping centers, and a variety of restaurants.
Functional Layout: The 2-bedroom, 2-bathroom, 1161 sqft configuration provides a practical and comfortable living space suitable for individuals or small families.
Proximity to Quality Schools: The condo is situated near highly-rated public schools (Arroyo Elementary, Sinaloa Middle, Royal High) with short distances, a significant draw for families.
Cons
Substantial Monthly HOA Dues: The $615.0 monthly association fee is relatively high for a 2-bedroom condo, which could impact affordability and overall monthly housing costs for buyers.
Recent Price Reductions: The property has undergone multiple price reductions from its original list price of $465,000 to $435,000, which may indicate market resistance or initial overpricing.
Building Age: Built in 1983, the property is over 40 years old, which could lead to potential future maintenance needs or special assessments for common area updates not explicitly mentioned.