1534 Olympic Street, Simi Valley, California 93063, Simi Valley, 93063 - 4 bed, 2 bath
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1534 Olympic Street
Simi Valley, California 93063
ACTIVE
CONDITION: POOR
4Beds
2Baths
1,463Sq Ft
9,370Lot Size
Property Price
LIST PRICE$695,000
EST. MARKET VALUE
$754,630
7% BelowMARKET VALUE
SUMMARY
This property presents a Strong Value Opportunity with a List Price of $695,000—positioned well below the $754,630 Fair Market Value by 7%. This valuation gap offers $59,630 in Instant Equity for buyers. Featuring a Condition Rating of 5, this 4-bedroom home requires a full renovation, yet its expansive 9,370 sq. ft. lot provides significant upside for expansion or ADU development. This is a high-reward acquisition ideal for Fix-and-Flip Investors or Contractors seeking a value-add project.
Estimated Market Value
$754,630+$59,630 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Simi Valley.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1534 Olympic Street Subject 4 bd · 2 ba · 1,463 sqft · $516 | $695,000* List Price | 4 | 2 | 1,463 | $516 | - |
A 3297 Elmore Sold 3 bd · 2 ba · 1,310 sqft · $527 · 0.5 mi | $690,000 | 3 | 2 | 1,310 | $527 | 0.5 mi |
B 2243 Carver Court Sold 3 bd · 2 ba · 1,651 sqft · $466 · 0.7 mi | $770,000 | 3 | 2 | 1,651 | $466 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1961 (>50 years old) with no updates mentioned, the property is explicitly listed as a complete cosmetic fixer requiring contractors. The exterior and grounds show clear signs of neglect and deferred maintenance, indicating it needs a total rehab.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 9370, living area = 1463.
- Expansive Lot
The property sits on a generous 9,370 square foot lot, providing significant space for potential ADU construction, landscaping, or home expansion.
- Value-Add Opportunity
As a complete cosmetic fixer, this property offers a prime opportunity for contractors or investors to build equity through renovation and modernization.
CONSRISKS & DEFICIENCIES
- Extensive Renovation Required
The home is in need of significant cosmetic and potentially structural repairs, requiring a substantial additional budget and time commitment from the buyer.
- Dated Infrastructure
Built in 1961 and sold as a fixer, the property likely requires updates to aging systems such as electrical, plumbing, or HVAC to meet modern standards.
About 1534 Olympic Street
Contractors Bring your tools. Complete cosmetic fixer located on large 9370 SQ. Ft. Lot with much potential .
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1961
- Lot Size
- 9,370 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 4.0 |
| Baths | 2.0 | 2.3 |
| Square foot | 1,463 | 1,764.918 |
| Lot Size | 9,370 | 7,506.335 |
| Price | $695.0K | $856.9K |
| Price per sq ft | $475 | $487 |
| Built year | 1961 | 1970 |
| HOA | $0 | $164 |
| Days on market | 27 | 50 |
Pricing History
Listed for Sale
Sep 27, 2026
$695,000
Initial Listing