1874 Hubbard Street

Huge price reduction signifies owners motivation to sell. Lowest priced Single family residence with an ADU in Simi Valley. Tucked away on a very spacious lot of over 10,450 square feet of versatile usage. This expansive open yard area offers unrivaled practicality. The expansive open area can easily accommodate… both an RV as well as a boat; or it would suit a tradesperson who needs a lot of space to park heavy equipment and work trucks. Just the size of the lot alone makes it a rare find for the outdoor enthusiast, a business owner looking for good rental investments, or a construction owner who needs parking for heavy machinery. Zoned for high density, this property has the zoned ability to add more units; units can be legally added to in the form of another home(s) up to total residential structures of 4-5 units, -(buyer and/or buyers agent to verify this). The home itself offers boundless opportunities. Currently it has been rented as a single family residence with an ADU. The main house was rented as a 4 bedroom and two bathroom house. The ADU is a one bedroom and one bathroom simi-attached residence with it's own backyard. However, the floorplan can allow for a 3 bedroom one bathroom main house. with a back studio one bedroom one bathroom attached but separate living space. There is also a tiny living area roughly 8 feet by 6 feet. and a separate entrance from the backyard, there too, would be their own private yard space. The one bedroom one bathroom ADU also has a separate entrance, and their own backyard. There is a separate laundry room in the center of the house accessible to all units. There are many options to consider upon the current living arrangements. You also have options to build up and/or to build out. One could actually demo the entire house and build an apartment complex of up to 4-6 units,(Note: Buyer to verify). if one so chooses to invest that heavily in the form of a ground up project. From its multi-generational living options and impressive income potential, to in law quarters for an aging parent or teenage/adult son or daughter, this move in ready property represents a unique property and buying opportunity that seamlessly connects lifestyle flexibility with long term investment value. Broker and owner does not represent or guarantee the accuracy of the sqft, bedroom/bathroom count, lot size dimensions, permitted or unpermitted rooms, zoning-total units allowed, or other information concerning the conditions or features of the property. Buyer is advised to independently verify the accuracy of all information through personal inspection and w/appropriate professionals to satisfy themselves and rely only on that. Buyer and agent to conduct their own due diligence and investigation. Read More