5502 E Los Angeles Avenue 15, Simi Valley, California 93063, Simi Valley, 93063 - 3 bed, 3 bath

5502 E Los Angeles Avenue 15, Simi Valley, California 93063 home-pic-0
ACTIVE$749,000
5502 E Los Angeles Avenue 15, Simi Valley, California 93063
3Beds
3Baths
1,858Sqft
58,806Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
New Construction (2025): As a brand-new build for 2025, the property offers modern amenities, contemporary design, and the peace of mind of no immediate maintenance concerns.
Top Cons:
High Monthly HOA Fee: A monthly association fee of $414.0 is substantial and warrants a detailed understanding of the covered services and amenities, particularly given the large lot size.

Compared to the nearby listings

Price:$749.0K vs avg $629.0K (+$120,000)94%
Size:1,858 sqft vs avg 1,415 sqft89%
Price/sqft:$403 vs avg $44333%

More Insights

Built in 2025 (0 years old).
Condition: This property is listed with a 'Year Built' of 2025 and explicitly described as a 'brand-new' and 'superbly new built home.' The images confirm this, showcasing pristine interiors with modern laminate wood flooring throughout, fresh white paint, recessed lighting, and contemporary fixtures. The bathroom features new tiling, a modern vanity, and dark-finished hardware, all indicative of new construction. There is no deferred maintenance, and all components appear new, meeting current quality standards.
Year Built
2025
Close
-
List price
$749K
Original List price
$849K
Price/Sqft
$403
HOA
$414
Days on market
-
Sold On
-
MLS number
MB25150082
Home ConditionExcellent
Features
Good View: City Lights, Mountain(s)
Deck
ViewCity Lights,Mountain(s)

About this home

Unbeatable Brand-new Lowest Price-Your Dream Home just got more affordable! Prepare to be impressed when you enter this superbly new built home set on a sprawling 1.35 acre parcel of land occupying a peaceful street position. Constructed over two levels, this home enjoys abundant natural light and a layout designed for easy living and entertaining. The ground floor incorporates a generously proportioned kitchen, welcoming living and dining room, guest powder room (1/2 bath). Upstairs, you will find three dreamy bedrooms, a laundry room, and a family-sized bathroom. The master bedroom suite with walk-in closet, en-suite bathroom. Other highlights of the property include central air, laminated wood floors, quality fittings & fixtures and plentiful storage. Nearby schools, shops, dining & leisure facilities within easy reach, this is the ideal place to call home. Be prepared for this to be ‘love at first sight’. seller is willing to offer a credit of $40,000 towards buyers closing costs. AGENTS, please read private remarks..

Condition Rating
Excellent

This property is listed with a 'Year Built' of 2025 and explicitly described as a 'brand-new' and 'superbly new built home.' The images confirm this, showcasing pristine interiors with modern laminate wood flooring throughout, fresh white paint, recessed lighting, and contemporary fixtures. The bathroom features new tiling, a modern vanity, and dark-finished hardware, all indicative of new construction. There is no deferred maintenance, and all components appear new, meeting current quality standards.
Pros & Cons

Pros

New Construction (2025): As a brand-new build for 2025, the property offers modern amenities, contemporary design, and the peace of mind of no immediate maintenance concerns.
Expansive 1.35-Acre Lot: The sprawling 1.35-acre parcel provides exceptionally rare and significant outdoor space and privacy, especially for a property of this type.
Substantial Buyer Credit: The seller's offer of a $40,000 credit towards closing costs presents a significant financial incentive for the buyer.
Quality Interior Finishes: The home features desirable amenities such as central air, laminated wood floors, quality fittings, and a well-appointed master suite with a walk-in closet and en-suite bathroom.
Scenic Views & Convenient Location: The property boasts attractive city lights and mountain views, coupled with convenient proximity to local schools, shops, dining, and leisure facilities.

Cons

High Monthly HOA Fee: A monthly association fee of $414.0 is substantial and warrants a detailed understanding of the covered services and amenities, particularly given the large lot size.
Ambiguous Property Type/Lot Discrepancy: The classification as a 'Townhouse' on a 1.35-acre lot is highly unconventional and requires clarification regarding ownership structure, shared responsibilities, and maintenance.
Future Occupancy & Price Volatility: The 2025 build year and on-market date indicate future occupancy, which may not suit all buyers, and the recent price adjustments could suggest market uncertainty or initial pricing strategy.

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