1020 Catlin, Simi Valley, California 93065, Simi Valley, 93065 - 4 bed, 3 bath
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Simi Valley, California 93065
Analysis of 1020 Catlin, Simi Valley, California 93065 is currently available with a list price of $799,000. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. Located in a high-demand neighborhood within the Simi Valley Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Property is extensive renovation needed.
Built in 1979 and marketed as a short sale 'fix-and-flip' opportunity, the property is over 45 years old with no evidence of recent renovations. Interior photos show dated finishes including popcorn ceilings, old wallpaper, and worn carpeting. The listing explicitly states the home needs repairs and is being sold as-is, indicating a need for a full rehab of the kitchen, baths, and likely the original systems.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 101494, living area = 2093.
The property features a massive 2.33-acre lot, offering rare and significant potential for expansion, ADU development, or equestrian use in a suburban setting.
Priced as a fixer-upper, this residence provides a prime opportunity for investors or flippers to build substantial equity through renovation and modernization.
The property requires significant repairs and is being sold in as-is condition, which will necessitate a substantial upfront capital investment for restoration.
As a short sale, the purchase process may involve extended timelines and is subject to third-party bank approval, which can be a deterrent for buyers needing a quick closing.
Exceptional 2.33-acre RM-3.7 zoned property offering a rare value-add opportunity for investors, builders, and developers. The existing residence is being sold AS-IS and requires significant renovation, making it ideal for a fix-and-flip, long-term investment, or redevelopment opportunity. The size and zoning of this parcel create exceptional future potential, subject to City approval. Buyers are advised to independently verify all zoning, density, grading, subdivision, hillside requirements, utilities, and permitted uses with the City of Simi Valley. Cash or hard money financing only. Opportunities of this size and potential are rarely available in today's market.Enjoy privacy, elevated views, and a rare oversized parcel in one of Simi Valley's most desirable locations.
No exterior & parking available.
Grades K-6 • 0.9 mi
Grades 6-8 • 0.5 mi
Grades 9-12 • 0.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 4.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 2,093 | 1,657 |
| Lot Size | 101,494 | 7,405 |
| Price | $799.0K | $871.1K |
| Price per sq ft | $382 | $503 |
| Built year | 1979 | 1965 |
| HOA | $0 | $130 |
| Days on market | 110 | 53 |
Jul 3, 2026
$799,000
$765,000
+4% Price Increase
Initial Listing
Apr 3, 2026
$765,000
Initial Listing