1534 Wallace, Simi Valley, California 93065, Simi Valley, 93065 - 3 bed, 2 bath
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Simi Valley, California 93065
This Recently Refreshed Single-Family Residence is listed at $759,000, representing a stable entry point near its $725,218 Fair Market Value. Boasting a Condition Rating of 4, the property features significant high-ticket upgrades including a new roof (2023), new HVAC system, and luxury vinyl plank flooring. The expansive 7,840 sqft lot provides mountain views and exceptional ADU potential, complemented by a versatile flex space with a wet bar. Located within the Simi Valley Unified district, this home is a premier choice for Owner-Occupants or first-time buyers seeking a move-in-ready sanctuary.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1534 Wallace Subject | $759,000* List Price | 3 | 2 | 1,226 | $592 | - |
A 1776 Kearney Avenue Sold | $800,000 | 3 | 2 | 1,226 | $653 | 0.4 mi |
B 1030 Ventura Avenue Sold | $755,000 | 3 | 2 | 1,416 | $533 | 0.9 mi |
C 1596 Casarin Avenue Sold | $680,000 | 3 | 2 | 1,032 | $659 | 0.3 mi |
D 938 Ventura Avenue Active Under Contract | $699,000 List Price | 3 | 2 | 1,170 | $597 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property has undergone a significant cosmetic 'refresh' with new luxury vinyl plank flooring, fresh paint, and critical system upgrades including a new roof (2023), furnace, and water heater. However, the kitchen remains dated with 30+ year old wood cabinetry and tile countertops, and the overall floor plan retains 1960s characteristics. While move-in ready due to the new systems, the primary wet areas require modernization to meet current market standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7840, living area = 1226.
The property features significant high-ticket improvements including a new roof installed in 2023, a new furnace, a new water heater, and luxury vinyl plank flooring, providing immediate value and reduced maintenance costs for the buyer.
Situated on a nearly 8,000 sqft lot, the property offers a generous pool-sized backyard and a versatile 'she-shed,' presenting an excellent opportunity for an Accessory Dwelling Unit (ADU) or a private creative retreat.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 4.
At 1,226 square feet, the home's interior footprint is relatively compact for a three-bedroom residence, which may result in smaller secondary rooms or limited storage compared to larger homes in the area.
The property is zoned for Berylwood Elementary, which currently carries a lower rating (3/10), potentially impacting the home's appeal to families specifically prioritizing high-performing school districts.
Welcome to this recently updated home on a nearly 8,000 sqft lot in the heart of Central Simi Valley, offering comfort, versatility, and exciting future potential. Nestled in a quiet neighborhood, this light-filled residence has been thoughtfully refreshed with numerous upgrades, including brand-new luxury vinyl plank flooring, a new furnace and thermostat, fresh interior paint and front exterior paint, a new water heater, new lighting fixtures, and a new roof installed in 2023. Charming character details can be found throughout the home, including multiple skylights, stained glass windows, and a cozy eat-in kitchen. Two bedrooms were combined to create an expansive and unique flex space featuring two bay windows with window seats, a cozy fireplace, and a wet bar. This oversized room offers endless possibilities and can easily function as a primary suite, home office, den, media room, game room, or creative studio.The primary suite and secondary bedroom both feature French doors leading to the backyard, creating a seamless indoor-outdoor flow. Step outside to a large patio and generous pool-size backyard with beautiful mountain views, perfect for relaxing, entertaining, or hosting summer BBQs. A charming she-shed or man cave provides additional flexibility and is ideal for a workshop, gym, studio, hobby room, or private retreat. The spacious yard also offers excellent ADU potential (buyer to verify) Conveniently located near shopping, dining, parks, schools, and everyday amenities, this move-in ready home presents an exceptional opportunity in one of Central Simi Valley’s most desirable locations. ***Virtual staging and remodel concepts shown in photos***
No exterior & parking available.
Grades K-6 • 1.1 mi
Grades 6-8 • 0.8 mi
Grades 6-8 • 1.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 33% |
| Baths | 2.0 | 3.0 | 47% |
| Square foot | 1,226 | 1,883 | 9% |
| Lot Size | 7,840 | 7,623 | 51% |
| Price | $759.0K | $880.0K | 23% |
| Price per sq ft | $619 | $477 | 90% |
| Built year | 1962 | 1976 | 17% |
| HOA | $0 | $0 | 50% |
| Days on market | 13 | 173 | 1% |
Apr 9, 2026
$759,000
Initial Listing