2646 Prather, Simi Valley, ResidentialIncome

$ 1,339,875

Overview

  • Updated On:
  • June 19, 2026
  • Property ID
  • 323119
  • 0.26 ft2

Description

Rare Simi Valley 4-plex –the real deal built as a 4plex community – not a bunch of garage & room conversions/add-ons :). Still has upside potential. The 3 bedroom unit & the 1 bedromm unit have been super updated within past 2 years. Quartz counters, new windows, LVT floors etc. But the 2 two bedroom units remain original with low rents. More recent exterior paint & roof too. 4 car covered parking + spaces. Back 3 bdrm unit has it’s own big patio & yard. The front unit 1 bdrm & 2 bdrm have private patios PLUS all units access a big central patio & BBQ area. Laundry Room too. Great location, can’t be matched in Simi Valley today.

Address: 2646 Prather
State/County:
Zip: 93065
Country: US

Property Id: 323119
Price: $ 1,339,875
Property Lot Size: 0.26 ft2
Architectural Style: Contemporary
Building Area Total: 3871
Building Area Units: SquareFeet
Carport Spaces: 4
Common Wall: TwoCommonWallsOrMore
Community Features: Curbs,Gutters,StreetLights,Suburban,Sidewalks
Construction Materials: Drywall,Stucco
Contingency: seller will do 1031 exchange - buyer to cooperate - NOT CONTINGENT
Contract Status Change Date: 2026-06-18
Cooling: WallWindowUnits
Directions: south of Los Angeles Ave - east of Sycamore
Electric: ElectricityOnProperty
Electric Expense: 2400
Elevation Units: Feet
Entry Level: 1
Entry Location: 1
Fencing: Wood
Flooring: Carpet,Vinyl
Foundation Details: Slab
Fuel Expense: 1740
Garden Expense: 2400
Gross Income: 85200
Gross Scheduled Income: 85200
Heating: WallFurnace
Insurance Expense: 3800
Laundry Features: CommonArea,LaundryRoom
Lease Term: TwelveMonths
Levels: Two
List Agent AOR: Southland
List Agent Email: kreggable@rrgableinc.com
List Agent Name: Kreg Gable
List Agent MLS ID: F203042015
List office AOR: Southland
List office Email: kreggable@rrgableinc.com
List office MLS ID: F3650003
List office Phone: 805-584-3444
Listing Agreement: ExclusiveRightToSell
Listing Contract Date: 2026-06-18
Listing ID: SR26133918
Listing Service: FullService
Listing Terms: CashToNewLoan,Conventional,Exchange1031,Fha203b
Lot Features: TwoToFiveUnitsAcre,FrontYard,Level,RectangularLot,StreetLevel,Yard
Lot Size Area: 11325
Lot Size Source: Assessor
Lot Size Square Feet: 11325
Lot Size Units: SquareFeet
MLS Area Major: SVC - Central Simi
Maintenance Expense: 2400
Major Change Type: NewListing
MLS Status: Active
Net Operating Income: 57200
New Tax Expense: 15720
Number of Buildings: 1
Number of Seperate Electric Meters: 5
Number of Seperate Gas Meters: 5
Number of Units Total: 4
On Market Date: 2026-06-18
Open Parking Spaces: 4
Operating Expense: 27900
Original List Price: 1339875
Parcel Number: 6380282025
Parking Features: Assigned,DetachedCarport,Paved,OneSpace
Parking Total: 8
Possession: SeeRemarks
Postal City: SIMI VALLEY
Professional Management Expense: 3000
Property Condition: RepairsCosmetic
Roof: Composition
Sewer: SewerTapPaid
State or Province: CA
Stories: 2
Stories Total: 2
Street Name: Prather
Street Number: 2646
Tax Lot: 42
Tenant Pays: CableTv,Electricity,Gas,Sewer,Telephone
Trash Expense: 5200
Utilities: NaturalGasConnected,SewerConnected,WaterConnected
Water Sewer Expense: 3360
Water Source: Public
Year Built: 1971

Other Features
Additional Parcel
Association
Garage
Has Carport
Has Cooling System
Has Heating System
Land Lease
New Construction
Private Pool
Property Attached
Rent Control
Senior Community
Spa

$ 7,822.29
per month
  • Principal and Interest
  • Property Tax
  • HOA fee
$ 6,426.58

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