Listed by Cameron Samimi, Lyon Stahl Investment Real Estate, Inc., (310) 425-9838 . Bought with Lyon Stahl Investment Real Estate, Inc.
1850 Williams St
Simi Valley, CA 93065
- 31 Beds
- 31 Baths
- 15,869 sqft (on 0.85 acres)
31 Beds
31 Baths
15,869 sqft
(on 0.85 acres)
Local Information
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Description
*CALL FOR OFFERS ON MARCH 28th*
We are pleased to present the Westgate Apartments, a pride of ownership 31-unit asset in the highly desirable market of Simi Valley. The property is currently being operated as a 55+ community, but all covenants have expired and a new owner may choose to operate it with traditional tenants moving forward. The current 31 units on site are operating 88% below market rate. The property is also eligible for SB1211 allowing 8 detached ADU's on the property and 1 attached ADU for a total of 9 new 2 bed + 2 bath units, which would increase the gross income upside 167%. It is very rare to find a 1980's vintage asset at only $183k/unit. With the current in place rents the cap rate increases to a 8.1% after factoring in 1M in build costs for the 9 ADU's. Once all units are rented at market and ADU's are built, assuming a cost to renovate and build of $2.1; the property will operate at 10.56% cap rate and a 7 GRM. The property is fixed with common area amenities including a rec room as well as outdoor areas for grilling and socializing. 1850 Williams St is located in the heart of Simi Valley - just minutes away from restaurants, retail and supermarkets. This deal is perfect for investors looking for value-add, pride of ownership assets in a good neighborhood.
We are pleased to present the Westgate Apartments, a pride of ownership 31-unit asset in the highly desirable market of Simi Valley. The property is currently being operated as a 55+ community, but all covenants have expired and a new owner may choose to operate it with traditional tenants moving forward. The current 31 units on site are operating 88% below market rate. The property is also eligible for SB1211 allowing 8 detached ADU's on the property and 1 attached ADU for a total of 9 new 2 bed + 2 bath units, which would increase the gross income upside 167%. It is very rare to find a 1980's vintage asset at only $183k/unit. With the current in place rents the cap rate increases to a 8.1% after factoring in 1M in build costs for the 9 ADU's. Once all units are rented at market and ADU's are built, assuming a cost to renovate and build of $2.1; the property will operate at 10.56% cap rate and a 7 GRM. The property is fixed with common area amenities including a rec room as well as outdoor areas for grilling and socializing. 1850 Williams St is located in the heart of Simi Valley - just minutes away from restaurants, retail and supermarkets. This deal is perfect for investors looking for value-add, pride of ownership assets in a good neighborhood.
This property is off market, which means it's not currently listed for sale or rent on Trulia. This may be different from what's available on other websites or public sources. This description is from September 30, 2025
Home Highlights
Parking
Carport
Outdoor
No Info
HOA
None
Price/Sqft
$359/sqft
Listed
180+ days ago
Home Details for 1850 Williams St
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Beds & Baths Number of Bedrooms: 31Number of Bathrooms: 31 |
Appliances & Utilities Laundry: Common Area |
Windows, Doors, Floors & Walls Common Walls: 2+ Common Walls |
Levels, Entrance, & Accessibility Number of Stories: 2Entry Location: 0 |
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Exterior Home Features No Private Pool |
Parking & Garage Has a CarportNo GarageNo Attached GarageParking: Carport |
Pool Pool: None |
Frontage Not on Waterfront |
Water & Sewer Sewer: Public Sewer |
Surface & Elevation Elevation Units: Feet |
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Cumulative Days on Market: 48 |
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Year Built Year Built: 1989 |
Property Type / Style Property Type: Residential IncomeProperty Subtype: Multi Family |
Building Not a New ConstructionAttached To Another StructureNo Additional Parcels |
Property Information Parcel Number: 6320020555 |
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Price List Price: $5,700,000Price Per Sqft: $359/sqft |
Status Change & Dates Off Market Date: Tue Sep 16 2025 |
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MLS Status: Closed |
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Direction & Address City: Simi Valley |
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Building Area Building Area: 15869 Square Feet |
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Community Features: UrbanNot Senior Community |
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Association for this Listing: California Regional MLS |
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Lot Area: 0.85 acres |
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Special Conditions: Standard |
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Listing Terms: Cash, Cash to New Loan, Conventional, 1031 Exchange |
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Expense Tenant Pays: Electricity, Gas |
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Has Rent Control |
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Mls Number: SB25054169Living Area Range Units: Square FeetActivation Date: Thu Mar 13 2025Common Interest: Community ApartmentStart Showing Date: Thu Mar 13 2025Universal Property Id: US-06111-N-6320020555-R-N |
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Urban |
Last check for updates: about 16 hours ago
Listed by Cameron Samimi DRE #02035763
Lyon Stahl Investment Real Estate, Inc.
Bought with: Cameron Samimi DRE #02035763, Lyon Stahl Investment Real Estate, Inc.
Originating MLS: California Regional MLS
Source: CRMLS, MLS#SB25054169

Price History for 1850 Williams St
| Date | Price | Event | Source |
|---|---|---|---|
| 09/16/2025 | $5,700,000 | Sold | CRMLS #SB25054169 |
| 04/30/2025 | $5,700,000 | Contingent | CRMLS #SB25054169 |
| 03/14/2025 | $5,700,000 | Listed For Sale | CRMLS #SB25054169 |
| 07/15/2022 | ListingRemoved | My State MLS | |
| 06/28/2022 | $1,250 | PriceChange | My State MLS #11059920 |
| 06/18/2022 | $1,100 | Listed For Rent | My State MLS #11059920 |
| 05/29/2022 | ListingRemoved | My State MLS | |
| 05/28/2022 | $1,100 | Listed For Rent | My State MLS #11059920 |
| 04/06/2022 | ListingRemoved | My State MLS | |
| 04/05/2022 | $1,050 | Listed For Rent | My State MLS #11059920 |
| 03/29/2022 | ListingRemoved | My State MLS | |
| 03/11/2022 | $1,050 | Listed For Rent | My State MLS #11059920 |
| 03/26/2021 | ListingRemoved | My State MLS | |
| 03/18/2021 | $1,050 | Listed For Rent | My State MLS #10978046 |
| 05/28/2020 | $950 | ListingRemoved | Agent Provided |
| 05/18/2020 | $950 | Listed For Rent | Agent Provided |
Comparable Sales for 1850 Williams St
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
1.30 | Multi-Family Home | $630,000 | 04/17/26 | 2 | 2 | 982 | |
8.01 | Multi-Family Home | $1,900,000 | 11/21/25 | 8 | 4 | 3,300 | |
8.06 | Multi-Family Home | $825,000 | 10/23/25 | 4 | 2 | - |
Nearby homes
Get a sense of prices in the area by checking nearby homes.Assigned Schools
These are the assigned schools for 1850 Williams St.
What Locals Say about Simi Valley
At least 763 Trulia users voted on each feature.
93 % Say it's dog friendly
89 % Say there are sidewalks
87 % Say car is needed
83 % Say parking is easy
81 % Say there's holiday spirit
78 % Say yards are well-kept
76 % Say streets are well-lit
74 % Say people would walk alone at night
71 % Say it's quiet
65 % Say it's walkable to grocery stores
63 % Say kids play outside
60 % Say it's walkable to restaurants
58 % Say neighbors are friendly
54 % Say they plan to stay for at least 5 years
50 % Say there's wildlife
32 % Say there are community events
Sourced by Trulia users. Learn more about our methodology.
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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 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.
Based on information from California Regional Multiple Listing Service, Inc. as of 2026-02-09 09:51:42 PST and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
Based on information from California Regional Multiple Listing Service, Inc. as of 2026-02-09 09:51:42 PST and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
Homes for rent near 1850 Williams St
1850 Williams St, Simi Valley, CA 93065 is a 31 bedroom, 31 bathroom, 15,869 sqft multi-family built in 1989. This property is not currently available for sale. 1850 Williams St was last sold on Sep 16, 2025 for $5,700,000 (0% higher than the asking price of $5,700,000). The current Trulia Estimate for 1850 Williams St is $5,679,400.