1755 Heywood Street 203, Simi Valley, California 93065, Simi Valley, - bed, bath
ACTIVE$380,448
1755 Heywood Street 203, Simi Valley, California 93065
2Beds
2Baths
1,036Sqft
1,036Lot
Year Built
2018
Close
-
List price
$380K
Original List price
$380K
Price/Sqft
-
HOA
$318
Days on market
-
Sold On
-
MLS number
225004206
Home ConditionExcellent
Features
View-
About this home
Wonderful opportunity to purchase a newer condominium at a below market price. Gorgeous home with 9 foot ceilings, quartz counter tops and custom kitchen backsplash, stainless steel appliances, recessed lighting, large bathrooms with plenty of storage space, indoor laundry, two assigned covered parking spaces with lockable outdoor storage. Low monthly HOA. The City of Simi Valley has recorded deed restrictions that contain several requirements. The home must be owner occupied and cannot be rented during the 50-year term of the deed restrictions. Buyers must meet the following maximum annual income limits:1 person: $83,8502 people: $95,8003 people: $107,8004 people: $119,750
Price History
Date
Event
Price
08/17/25
Listing
$380,448
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (34 Listings) | |
|---|---|---|---|
| Beds | 2 | 2 | 50% |
| Baths | 2 | 2 | 50% |
| Square foot | 1,036 | 1,228 | 20% |
| Lot Size | 1,036 | 1,280 | 20% |
| Price | $380K | $585K | 6% |
| Price per square foot | $367 | $447 | 3% |
| Built year | 2018 | 1989 | 89% |
| HOA | $318 | $495 | 14% |
| Days on market | 79 | 168 | 9% |
Condition Rating
Excellent
Built in 2018, this condominium is virtually new. The kitchen features modern white shaker cabinets, quartz countertops, a stylish custom backsplash, and stainless steel appliances, all in excellent condition. Recessed lighting is present throughout, and the overall finishes are contemporary and well-maintained, aligning perfectly with current quality standards.
Pros & Cons
Pros
Modern & Updated Interior: Built in 2018, this condominium features contemporary finishes including 9-foot ceilings, quartz countertops, a custom kitchen backsplash, stainless steel appliances, and recessed lighting, offering a move-in ready and stylish living space.
Attractive Price Point: The property is explicitly marketed as a 'below market price' opportunity, providing significant financial value for eligible buyers.
Low Monthly Association Fees: The condominium benefits from a 'low monthly HOA,' which contributes to more affordable ongoing ownership costs compared to many other similar properties.
Practical Amenities: Convenient features such as indoor laundry, two assigned covered parking spaces, and lockable outdoor storage enhance daily living and provide added utility.
Spacious and Functional Layout: With 1036 sqft, 2 beds/2 baths, and large bathrooms with ample storage, the unit offers a comfortable and well-designed living environment.
Cons
Severe Deed Restrictions: The property is subject to a 50-year deed restriction requiring owner-occupancy and prohibiting rental, which severely limits future flexibility and investment potential for the owner.
Strict Income Limitations for Buyers: Prospective buyers must meet specific maximum annual income limits, drastically narrowing the eligible buyer pool and potentially complicating future resale.
Restricted Resale Market: Due to the combination of deed and income restrictions, the property will likely face a much smaller and specialized resale market, potentially impacting liquidity and long-term appreciation compared to unrestricted properties.