5502 E Los Angeles Avenue 16, Simi Valley, California 93063, Simi Valley, 93063 - 3 bed, 3 bath

5502 E Los Angeles Avenue 16, Simi Valley, California 93063 home-pic-0
ACTIVE$749,000
5502 E Los Angeles Avenue 16, Simi Valley, California 93063
3Beds
3Baths
1,858Sqft
58,806Lot
Year Built
2025
Close
-
List price
$749K
Original List price
$849K
Price/Sqft
$403
HOA
$414
Days on market
-
Sold On
-
MLS number
MB25150088
Home ConditionExcellent
Features
Good View: City Lights, Mountain(s)
ViewCity Lights,Mountain(s)

About this home

We found 3 Cons,5 Pros. Rank: price - $749.0K(94th), sqft - 1858(89th), beds - 3(50th), baths - 3(50th).

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..

Price History

Date
Event
Price
12/16/25
Price Change
$749,000+7.0%
11/12/25
Price Change
$699,999-10.8%
10/03/25
Price Change
$785,000-8.6%
07/31/25
$859,000
07/03/25
$849,000
Condition Rating
Excellent

This property is a brand-new construction, built in 2025, which immediately qualifies it for an 'Excellent' rating. The description highlights it as a 'superbly new built home' with 'quality fittings & fixtures' and 'central air.' Images confirm pristine conditions throughout, featuring modern white shaker cabinets, new appliances, and white countertops in the kitchen. Bathrooms boast contemporary fixtures, new vanities, and stylish tile work with glass shower enclosures. Laminated wood floors are present throughout the living areas and bedrooms, indicating a consistent, modern aesthetic with no signs of wear or deferred maintenance.
Pros & Cons

Pros

Brand New Construction: Built in 2025, this home offers modern design, new systems, and minimal immediate maintenance concerns, appealing to buyers seeking a move-in ready property.
Generous Lot Size: Set on a sprawling 1.35-acre parcel, the property provides exceptional space and potential for privacy, a rare amenity for many residential listings.
Significant Buyer Incentive: The seller's offer of a $40,000 credit towards buyer closing costs presents a substantial financial advantage, enhancing affordability and attractiveness.
Modern Amenities & Design: Equipped with central air, laminated wood floors, quality fittings, a generously proportioned kitchen, and a master suite with a walk-in closet and en-suite bathroom, ensuring comfort and contemporary living.
Scenic Views: The property boasts desirable City Lights and Mountain views, contributing to its aesthetic appeal and overall desirability.

Cons

Property Type & Lot Size Discrepancy: Classified as a 'Townhouse' yet described with a 'sprawling 1.35-acre parcel' is highly unusual and requires clarification regarding land ownership, maintenance responsibilities, and potential shared elements, which could confuse buyers.
High Monthly Association Fee: A $414 monthly association fee is substantial and adds a significant recurring cost, potentially impacting long-term affordability and perceived value, especially given the large lot size.
Volatile Price History: The recent significant price adjustments (from $859,000 down to $699,999, then up to $749,000) indicate market uncertainty or a seller actively seeking the optimal price point, which might raise buyer questions about the property's true valuation.

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