5518 E Los Angeles Avenue 7, Simi Valley, California 93063, Simi Valley, - bed, bath

home-pic
ACTIVE$779,000
5518 E Los Angeles Avenue 7, Simi Valley, California 93063
3Beds
3Baths
1,858Sqft
58,806Lot
Year Built
2025
Close
-
List price
$779K
Original List price
$849K
Price/Sqft
-
HOA
$414
Days on market
-
Sold On
-
MLS number
MB25150042
Home ConditionExcellent
Features
Good View: City Lights, Mountain(s)
ViewCity Lights,Mountain(s)

About this home

New Lower Price! 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’. AGENTS: please read private remarks..

Price History

Date
Event
Price
10/03/25
Price Change
$779,000-8.2%
07/03/25
$849,000
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (17 Listings)
Beds33
50%
Baths33
50%
Square foot1,8581,426
89%
Lot Size58,8061,851
89%
Price$779K$644K
94%
Price per square foot$419$447.5
28%
Built year20259925993
100%
HOA$414$454.5
44%
Days on market125152
28%
Condition Rating
Excellent

This property is a newly built home (year built 2025), as explicitly stated in the description. The images confirm brand-new construction with modern finishes, including new laminate wood flooring throughout, recessed lighting, and contemporary bathrooms featuring new vanities, black fixtures, and stylish tile work. All components are new, meeting current quality standards with no deferred maintenance.
Pros & Cons

Pros

Brand New Construction: Built in 2025, this home offers modern design, up-to-date building codes, and minimal immediate maintenance concerns, providing a fresh start for new owners.
Expansive Lot Size: Situated on a sprawling 1.35-acre parcel, the property provides significant outdoor space, privacy, and potential for extensive landscaping or recreational use.
Modern Amenities & Finishes: The home features central air conditioning, laminated wood floors, quality fittings and fixtures, and plentiful storage, ensuring comfort and contemporary living.
Scenic Views: Enjoy picturesque city lights and mountain views, enhancing the property's aesthetic appeal and providing a pleasant backdrop for daily living.
Functional Layout & Natural Light: Constructed over two levels, the home boasts a layout designed for easy living and entertaining, complemented by abundant natural light throughout the interior.

Cons

High Monthly HOA Fees: The property comes with a significant monthly association fee of $414, which adds a substantial recurring cost to homeownership.
Recent Price Reduction: A recent price drop from $849,000 to $779,000 (a $70,000 reduction) could indicate initial overpricing or market resistance, potentially raising buyer concerns.
Townhouse Sub-Type with Large Lot Discrepancy: While boasting a large 1.35-acre lot, the 'Townhouse' sub-type typically implies shared walls and community restrictions, which might not align with buyer expectations for such an expansive parcel and could limit autonomy.

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