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HUGE PRICE DROP! Nestled within the desirable Summerside GATED community in Wood Ranch, 550 Lorabel Way, Unit C, Simi Valley has an exceptional blend of comfort, style, and convenience. This beautifully updated two-story condominium, NEWLY CARPETED, features 3 bedrooms, 2.5 bathrooms, and approximately 1,347 square feet of thoughtfully designed living space. The remodeled kitchen showcases custom cabinetry, countertops, sink, and finishes, while wood-style flooring and a cozy fireplace create a warm and inviting atmosphere. Upstairs, the spacious primary suite includes a walk-in closet, dual vanities, and a luxurious bath with a separate shower and soaking tub. Additional highlights include plantation shutters, ceiling fans throughout, a smart thermostat, an attached two-car garage, and a private LOW MAINTENANCE BACKYARD ideal for relaxing or entertaining. Residents enjoy access to community amenities, including a pool and gated entry, all within close proximity to scenic hiking trails, parks, shopping, dining, and highly regarded schools.

Highlights

  • Residential
  • Townhouse
  • Built in 1998
  • 0.0309 Acre Lot
  • $463/mo HOA
  • 2 Car Garage
  • 45 days on Market

  • Bedrooms
    3
  • Bathrooms
    2 full · 1 half
  • Year Built
    1998
  • Stories
    2.0
  • Garage Spaces
    2.0
  • Living Area
    1347.0
  • Interior Features
    All Bedrooms Up
  • Appliances
    Dryer, Washer
  • Pool Features
    Community, Association
  • Cooling
    Central Air

  • Acres
    0.0309
  • View
    None
  • Water
    Public

  • Area
    SWR - Simi Wood Ranch
  • County
    Ventura
  • City
    Simi Valley
  • Neighborhood
    Summer Side (399)
  • Zip Code
    93065

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Frequently Asked Questions

How do I schedule a tour of 550 Lorabel Way #C?

We can make that happen quickly. Click Tour This Home and we'll connect you directly with our vetted local partner to schedule your visit to 550 Lorabel Way #C.

They know residentials in the area well and can give you the guidance you need to buy with confidence.

How do I get more information about 550 Lorabel Way #C?

Click Ask a Question to talk with our team. You already know it is a 3 bed, 2 bath, listed for $639,000. We can talk through recent upgrades, potential seller motivation, how this townhouse compares to others in Simi Valley, and can even get you in to see the property quickly.

How much is the monthly mortgage payment for 550 Lorabel Way #C?

With a 20% down payment and a 30-year fixed loan at an illustrative 6.75% rate, the ez Mortgage Calculator estimates the monthly payment for 550 Lorabel Way #C at around $3,465. This includes estimated property taxes and insurance.

Want to see how this changes with different down payments or interest rates? Jump to the calculator to run the numbers and fine-tune your plan.

How do I get pre-approved to buy 550 Lorabel Way #C?

Stand out in a competitive market by getting pre-approved today. Our quick and private pre-approval process helps you understand your true buying power—no credit pull required to explore all of your options.

Or, let us connect you with our preferred local lender in Ventura County. They will give you all of your available financing options, based on your specific situation and what is available to you.

Can I negotiate the asking price for 550 Lorabel Way #C?

In most cases, yes. Whether 550 Lorabel Way #C is priced competitively or not, your best offer depends on your personal situation, the seller's timeline, and recent activity in Simi Valley's market. Our preferred local partner will help you craft a strategy—factoring in comparable properties that have sold, timing, and deal structure—to make a smart, strong offer. Click here to ask about negotiation opportunities.

How do I make an offer on 550 Lorabel Way #C?

We can handle that for you. Our preferred local agent specializes in residentials in Simi Valley and can guide you through every step of the offer process.

You need an expert who is looking out for your best interests. From market valuation to contingencies and timing, they'll help you present a compelling offer that fits your goals. Click Ask a Question to get started today.

What is the price per square foot for this home?

This home is listed at $639,000 with 1,347 sqft of space—that comes out to approximately $474 per square foot.

How long has this property been on the market?

550 Lorabel Way #C was listed on September 22, 2026, which means it's been on the market for 45 days.

Want to keep tabs on it? Click the ♥ to favorite this home and get notified of price drops or changes.

When was this house built?

This home was built in 1998, making it approximately 28 years old.

What is the lot size of this property?

550 Lorabel Way #C sits on a 0.03-acre lot, which is 1,307 square feet.

Is there an HOA fee for this property, and what does it cover?

This home has an HOA fee of $463 paid monthly.

This covers access to community features including: Pool, Spa Hot Tub.

Is 550 Lorabel Way #C still available for sale?

Yes, this home is still available! Click the ♥ to favorite it so you don't miss any changes—or ask our local expert to schedule a time to see it in person.

Source: ez Home Search, MLS Data

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Based on information from California Regional Multiple Listing Service as of November 06, 2026 at 06:47AM 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. This information is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Last Updated: November 06, 2026 at 06:47AM | Source: California Regional Multiple Listing Service | MLS#: SR26128225