5518 E Los Angeles Avenue 8, Simi Valley, California 93063, Simi Valley, 93063 - 3 bed, 3 bath

5518 E Los Angeles Avenue 8, Simi Valley, California 93063 home-pic-0
ACTIVE$749,000
5518 E Los Angeles Avenue 8, Simi Valley, California 93063
3Beds
3Baths
1,858Sqft
58,806Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Brand New Construction: Built in 2025, this home offers modern design, amenities, and the peace of mind of a new build with no immediate maintenance concerns.
Top Cons:
High Monthly Association Fees: The $414.00 monthly association fee represents a significant recurring cost that buyers must factor into their budget.

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 a brand-new construction, built in 2025, as explicitly stated in the listing and confirmed by the images. All components, including the visible bathroom with modern fixtures and finishes, new laminated wood floors, central air, and fresh paint, are new or virtually new. There is no deferred maintenance or physical depreciation, meeting current quality standards.
Year Built
2025
Close
-
List price
$749K
Original List price
$859K
Price/Sqft
$403
HOA
$414
Days on market
-
Sold On
-
MLS number
MB25150048
Home ConditionExcellent
Features
Good View: City Lights, Mountain(s)
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 a brand-new construction, built in 2025, as explicitly stated in the listing and confirmed by the images. All components, including the visible bathroom with modern fixtures and finishes, new laminated wood floors, central air, and fresh paint, are new or virtually new. There is no deferred maintenance or physical depreciation, meeting current quality standards.
Pros & Cons

Pros

Brand New Construction: Built in 2025, this home offers modern design, amenities, and the peace of mind of a new build with no immediate maintenance concerns.
Generous Buyer Incentive: The seller is offering a substantial $40,000 credit towards the buyer's closing costs, significantly reducing upfront expenses.
Modern Features & Layout: Equipped with central air, laminated wood floors, quality fittings, plentiful storage, and a well-designed, light-filled two-level layout for comfortable living and entertaining.
Scenic Views: The property boasts desirable City Lights and Mountain views, enhancing its aesthetic appeal and living experience.
Convenient & Peaceful Location: Situated on a peaceful street with easy access to nearby schools, shops, dining, and leisure facilities, offering both tranquility and convenience.

Cons

High Monthly Association Fees: The $414.00 monthly association fee represents a significant recurring cost that buyers must factor into their budget.
Ambiguous Lot Size for Townhouse: While described as being on a 'sprawling 1.35 acre parcel,' for a townhouse, this typically refers to common grounds, potentially implying limited private outdoor space for the individual unit.
Recent Price Adjustment (Increase): The listing history shows a recent price increase from a lower point, which might be perceived negatively by potential buyers tracking the property or contradict the 'lowest price' claim.

Best solution for experienced home buyers!

Data-driven home buying experience with our licensed real estate agents and cutting-edge AI

Browse Properties by State Browse housing market trends by state