Description

*****Sellers may consider seller financing for qualified buyers. Contact listing agent for details.*****Terms: 30% down, 6% interest only payments, 2-year loan term. Contact listing agent for details.Rare fully permitted multi-unit opportunity in the heart of Simi Valley featuring a beautifully upgraded main residence, attached permitted JADU, and attached permitted ADU with additional upside potential for two future detached ADUs (buyer to verify). This versatile property offers an ideal setup for investors, owner-users, multi-generational living, or buyers seeking strong income-producing potential.The main residence is currently leased for $3,900/month, the permitted JADU generates $1,700/month, and the attached ADU is leased for $2,150/ month, creating strong existing and future cash flow opportunities. All units have been thoughtfully updated, offering modern finishes and flexible living arrangements.Situated on a generous lot with excellent functionality and expansion potential, this property combines stable income with long-term appreciation opportunities in one of Ventura County's most desirable rental markets. Fully permitted ADUs significantly reduce buyer and lender concerns while adding substantial value and flexibility.Whether you're looking to offset your mortgage with rental income, expand your investment portfolio, or capitalize on future ADU development opportunities, this is a rare chance to own a highly versatile income-producing property with exceptional upside.

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Property information

Property type

Residential Income

Year built

1971

Living area

1,990 Sq Ft

Lot size

0.16 acres

HOA fee

None

Price / Sq Ft

$603

Days on market

147

Stories

1

Parcel number

6390162275

Zoning

R1

Features

Flooring

Laminate