ActiveResidential · sale

1041 Balsamo Avenue

Simi Valley, CA 93065

$1,099,900

  • 4 beds
  • 3 baths
  • 2,445 sq ft
  • 0.2 acres
  • Built 1965

Listed by Pinnacle Estate Properties, Inc. · MLS #226004114

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PROPERTY QUESTIONS & SHOWINGS

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1041 Balsamo Avenue, Simi Valley, CA 93065 · MLS #226004114

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A FEW THINGS TO NOTICE

What stands out.

Living spaces

The lower level would give us even more flexibility with a spacious family room, a stone fireplace, wet bar, an additional bedroom, and a full bathroom - perfect for guests, a home office, playroom, or multigenerational living.Outside wouldn't it be a dream if the backyard is ready for quintessential Southern California living.

Details worth a look

A covered patio perfect for summer BBQs, a large grassy area for the kids and pets to run and play, and a freshly re-plastered swimming pool & spa would create perfect the setting for sunny afternoons, weekend gatherings, and relaxing at home.

Year built

Built in 1965.

Highlights from the listing description and property details. Confirm features with the listing agent.

THE PROPERTY

Get to know the property.

So, where do you want to live? I wish I could find a beautifully updated 4-bedroom, 3-bathroom home with a pool tucked away in one of Simi Valley's most desirable established neighborhoods. I wish it was thoughtfully updated and designed for comfortable everyday living with a wonderful combination of style, space, and versatility.I would like to step inside to a bright welcoming floor plan updated with recessed lighting, dual pane windows, modern engineered hardwood floors, and have every room filled with natural light. There would be an updated kitchen with beautiful finishes, stainless steel appliances, ample cabinetry, and plenty of countertop space perfect for cooking for my friends and family. The kitchen would also open to the adjoining living and dining areas, providing an ideal setting for both casual gatherings and entertaining.Upstairs, there would be three generously sized bedrooms, each with recessed lighting and ceiling fans, a large primary suite with an on-suite bathroom, and a nicely renovated secondary bathroom for the kids. The lower level would give us even more flexibility with a spacious family room, a stone fireplace, wet bar, an additional bedroom, and a full bathroom - perfect for guests, a home office, playroom, or multigenerational living.Outside wouldn't it be a dream if the backyard is ready for quintessential Southern California living. A covered patio perfect for summer BBQs, a large grassy area for the kids and pets to run and play, and a freshly re-plastered swimming pool & spa would create perfect the setting for sunny afternoons, weekend gatherings, and relaxing at home. Lastly it would be ideally located on a quiet street near schools, parks, shopping, dining, and everyday conveniences, offering a wonderful balance of neighborhood charm and accessibility. I guess I'm a dreamer! Well maybe not!

THE NEIGHBORHOOD

Explore the location.

1041 Balsamo Avenue, Simi Valley, CA 93065

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THE DETAILS

The details, all in one place.

Property type
Residential
Category
Residential
Year built
1965
Full baths
3
Half baths
0
Garage spaces
2
Cooling
CentralAir
Heating
Central,NaturalGas
Appliances
ConvectionOven,Dishwasher,GasCooking,Disposal,Microwave,Range,WaterToRefrigerator
Flooring
Wood
Fencing
Block
Pool
No
Pool features
Filtered,GasHeat,InGround
Spa
Yes
Zoning
RM-3.42
Parcel
6360092085

Features and school information are supplied by the listing source. Confirm measurements, school assignments, HOA terms and rental restrictions before making a decision.

OWNERSHIP, WITH A PLAN

Investor outlook.

Explore this property’s rental potential with an all-cash purchase. Monthly rent starts at 5% of the purchase price per year, divided by 12. Adjust it and the other assumptions to explore your scenario.

These are planning assumptions, not a rental appraisal or a loan quote. The starting rent is a price-based estimate; a local leasing professional can help confirm market rent.

Investor outlook assumes an all-cash purchase. No mortgage payment is deducted.

Estimated monthly cash flow · cash purchase
Estimated monthly rent$4,582.92
Cap rate

Annual operating income:

HOA: No HOA cost is included because the listing source does not report one. Confirm whether HOA dues apply before relying on this estimate.

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Your property and current assumptions will be included for our team to review.

Adjust assumptions
Purchase price
Rental income & operating costs

Purchase price × 5% ÷ 12. Updates with purchase price until you enter a custom rent.

Annual insurance starts at purchase price × 0.25%, rounded to the nearest available amount. Updates with purchase price until you choose another amount.A planning estimate, not an insurance quote. Adjust it for your property and coverage.

Percentages are editable examples, not ERA fee quotes. Management is applied to rent after vacancy; maintenance and capital reserves use scheduled rent. Add owner-paid utilities, mortgage insurance and other recurring expenses under other costs.

How this scenario is calculated

Annual operating income is rent after vacancy, management, maintenance, taxes, insurance, HOA and other operating costs, before financing and capital reserves. Cap rate divides annual operating income by purchase price. Estimated monthly cash flow assumes an all-cash purchase: rent after vacancy, management, maintenance, taxes, insurance, HOA, other operating costs and capital reserves. No mortgage payment is deducted. The mortgage calculator is separate; loan payments would reduce cash flow for a financed purchase. One-time acquisition costs, renovations, income taxes, depreciation and appreciation are excluded.

Mortgage payment calculator

Explore financing separately. These loan settings do not change the all-cash investor outlook.

Mortgage assumptions

20% down and 7% interest are illustrative starting values.

Estimated monthly principal & interestLoan payment only. Excludes property taxes, homeowners/flood insurance, mortgage insurance and HOA dues.

About this payment estimate

Based on a fixed-rate, fully amortizing loan with monthly payments and the price, down payment, interest rate and term you select. The interest rate is an example, not a current rate offer or APR; APR includes certain loan costs. This is an illustration, not a Loan Estimate, approval, offer of credit or commitment to lend.

Your actual payment, rate and eligibility depend on your lender, credit, loan program and property. Closing costs, points, prepaid expenses and lender fees are not included. Taxes and insurance may change, and mortgage insurance may be required, particularly with a down payment below 20%. Ask your lender for a Loan Estimate and a complete monthly payment including applicable taxes, insurance and fees.

Dollar results are rounded to the nearest cent; calculations retain precision until display. A cash purchase has no loan payment but still has ownership costs. Understand your total home payment (CFPB).

ERA PROPERTY MANAGEMENT

See its potential.
Have a plan for what follows.

Considering this property as a rental? Start with the numbers, then talk through the day-to-day with a local management team.

  1. Understand the opportunity.

    Review rental pricing, property condition and your ownership goals with a local professional.

  2. Make a strong first impression.

    Bring together property preparation, professional marketing and applicant screening.

  3. Stay connected to your investment.

    Get support with rent collection, resident communication, maintenance coordination and owner reporting.

Get a local rental estimateTalk through your management needs
Stone-front home with a landscaped lawn and central entry
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Listing information

MLS #226004114 · California Regional MLS

Listing brokerage: Pinnacle Estate Properties, Inc.
Listing agent: Kevin Fitzgerald

Listing status: Active. Record updated . Confirm current availability and price with the listing agent.

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. "CRMLS" and is protected by all applicable Copyright © 2023 laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional. Information deemed reliable but not guaranteed. Copyright © 2023 California Regional Multiple Listing Service, Inc. All rights reserved.