
Simi Valley, California 93065
This High-Potential Investment Opportunity is a 1,700-square-foot single-family residence listed at $799,000, positioned well below the $831,233 Fair Market Value by 4%. This valuation gap provides $32,233 in Instant Equity. With a Condition Rating of 3, the home features recent capital improvements like a newer roof and HVAC, balanced by the need for backyard landscaping. The large 8,276-square-foot lot with an oversized pool offers significant upside. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking value.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1048 Vallejo Avenue Subject 3 bd · 2 ba · 1,700 sqft · $458 | $779,000* List Price | 3 | 2 | 1,700 | $458 | - |
A 2037 Stanford Drive Sold 3 bd · 2 ba · 1,700 sqft · $500 · 0.1 mi | $850,000 | 3 | 2 | 1,700 | $500 | 0.1 mi |
B 2094 Elizondo Avenue Sold 4 bd · 3 ba · 1,725 sqft · $510 · 0.4 mi | $880,000 | 4 | 3 | 1,725 | $510 | 0.4 mi |
C 1249 Gibson Avenue Sold 5 bd · 3 ba · 2,100 sqft · $395 · 0.5 mi | $830,000 | 5 | 3 | 2,100 | $395 | 0.5 mi |
D 1394 Parkhurst Sold 4 bd · 2 ba · 1,516 sqft · $547 · 0.8 mi | $830,000 | 4 | 2 | 1,516 | $547 | 0.8 mi |
E 2206 Rosemary Street Sold 4 bd · 2 ba · 1,703 sqft · $464 · 0.3 mi | $790,000 | 4 | 2 | 1,703 | $464 | 0.3 mi |
F 1717 Wade Circle Sold 3 bd · 2 ba · 1,632 sqft · $499 · 0.5 mi | $815,000 | 3 | 2 | 1,632 | $499 | 0.5 mi |
G 1677 Arcane Sold 4 bd · 2 ba · 1,248 sqft · $561 · 0.5 mi | $700,000 | 4 | 2 | 1,248 | $561 | 0.5 mi |
H 789 Hudspeth Street Active 3 bd · 2 ba · 1,632 sqft · $502 · 0.7 mi | $819,999 List Price | 3 | 2 | 1,632 | $502 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While the structure dates to 1962, the property has undergone extensive renovations within the last 4 years, including a newer roof, HVAC, windows, and updated flooring/bathrooms. It is move-in ready, though the empty pool and backyard landscaping require 'TLC,' preventing an Excellent rating.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8276, living area = 1700.
The home features significant recent updates including a newer roof, windows, whole-house HVAC, and updated flooring, providing peace of mind and reducing immediate move-in costs.
Situated on a generous 8,276-square-foot lot, the property includes an oversized pool, BBQ area, and firepit, offering exceptional potential for outdoor entertaining.
The backyard and outdoor spaces require additional TLC and landscaping investment to fully realize the property's potential and curb appeal.
The property includes a leased solar system, which requires the buyer to assume a long-term financial obligation and may impact the overall cost of ownership.
Welcome to this approximately 1,700-square-foot mid-century single-family residence, originally built in 1962 and situated on an 8,276-square-foot lot. This three-bedroom, two-bath home offers a functional floor plan, classic character, and numerous recent improvements. The motivated seller has completed extensive updates over the past four years, including a newer roof, remodeled bathroom, updated flooring, whole house air-conditioning unit, kitchen improvements, newer windows throughout and leased solar. The open living areas provide comfortable space for everyday living and entertaining, with natural light throughout. The kitchen offers an open, functional layout with room for further personalization. Three spacious bedrooms and two full bathrooms complete the home. One of the property's standout features is its generously sized lot, offering a rare amount of outdoor space and flexibility for enjoying the home today while providing room to create your own backyard vision. The backyard includes an oversized pool, BBQ area, and firepit, creating the potential for a wonderful outdoor entertaining space. The backyard will benefit from some TLC and landscaping improvements. Additionally, there is a bonus room, with a separate entrance attached to the garage, adding both potential square footage and living space. Buyer to verify and investigate and satisfy themselves regarding permits, building allowances and or restrictions, if any. With numerous recent improvements already completed, this home offers an excellent starting point for a buyer looking to add their own finishing touches and make the most of the home's character, lot size, and outdoor amenities. Seller is willing to offer credit to the buyer for repairs or costs through escrow with accepted full price offer and purchase.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 4.0 |
| Baths | 2.0 | 2.3 |
| Square foot | 1,700 | 1,764.918 |
| Lot Size | 8,276 | 7,506.335 |
| Price | $779.0K | $856.9K |
| Price per sq ft | $458 | $487 |
| Built year | 1962 | 1970 |
| HOA | $0 | $164 |
| Days on market | 73 | 50 |
Oct 23, 2026
$779,000
$799,000
-3% Price Drop
Initial Listing
Aug 12, 2026
$799,000
Initial Listing
Mar 2, 2005
$247,500
Public Record
May 21, 1996
$184,000
Public Record