RealKey
‪(213) 433-7766‬

1638 Olympic Street, Simi Valley, California 93063, Simi Valley, 93063 - 4 bed, 2 bath

1638 Olympic Street, Simi Valley, California 93063 home-pic-0
ACTIVE$849,500
1638 Olympic Street, Simi Valley, California 93063
4Beds
2Baths
1,463Sqft
9,370Lot

Price Vs. Estimate

The estimated value ($838,196.89) is $11,303.11 (1%) lower than the list price ($849,500). This property may be overpriced.

Key pros and cons

Top Pros:
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.
Top Cons:
Age of Core Structure: Built in 1961, while extensively renovated, the underlying structure is older, which may lead to potential concerns regarding original plumbing, electrical systems (beyond lighting), or other infrastructure not explicitly mentioned as updated.

Compared to the nearby listings

Price:$849.5K vs avg $846.0K (+$3,500)51%
Size:1,463 sqft vs avg 1,812.5 sqft31%
Price/sqft:$581 vs avg $47979%

More Insights

Built in 1961 (64 years old).
Condition: This property, built in 1961, has undergone extensive recent renovations, including a newer permitted roof (2022), new interior and exterior paint, remodeled bathrooms, dual-paned windows, smoothed ceilings with LED recessed lights, new tiled flooring throughout (no carpet), and a newer oversized air conditioner. The bathrooms appear modern with updated vanities and fixtures. While the kitchen features functional appliances (gas range, stainless steel dishwasher, built-in oven) and ample storage, the cabinets and the built-in oven appear to be from an earlier renovation or are original and well-maintained, rather than brand new. Despite the age of the original structure, the significant and recent updates make the property move-in ready with major systems well-maintained and within their expected lifespan, aligning with a 'Good' condition score.
Year Built
1961
Close
-
List price
$850K
Original List price
$850K
Price/Sqft
$581
HOA
-
Days on market
-
Sold On
-
MLS number
225004946
Home ConditionGood
Features
Patio
View-

About this home

What a great find in central Simi! Don't miss this 4+2 single-story ranch home on an exceptional 9,370 sq. ft. lot with exciting ADU potential! All new paint inside and out! Newer permitted roof 2022. Plus th,ere are renovations galore! Remodeled bath and master bathroom. All tiled floors throughout. No carpet! Dual-paned windows, smoothed ceilings with LED recessed lights, ceiling fans in all bedrooms, a newer oversized air conditioner to keep you perfectly cool, and a living room fireplace to keep you toasty in winter. 2nd bedroom has an attached full bath with a shower/tub combo. The kitchen has a gas range, stainless steel dishwasher, and a built-in oven, plus lots of cabinet storage space! The family room opens to the large fenced backyard with a spacious covered patio and a lockable wrought iron gate. Imagine building your new pool that you can enjoy year round. And don't forget that ADU potential--the big bonus for future value! The front yard shines with hardscaped walkways and stacked stone dual pilasters with lighting. A two-car extra-deep garage with laundry hookups is partially drywall finished. The extra-wide driveway fits 3-cars and small RV or boat parking.

Condition Rating
Good
This property, built in 1961, has undergone extensive recent renovations, including a newer permitted roof (2022), new interior and exterior paint, remodeled bathrooms, dual-paned windows, smoothed ceilings with LED recessed lights, new tiled flooring throughout (no carpet), and a newer oversized air conditioner. The bathrooms appear modern with updated vanities and fixtures. While the kitchen features functional appliances (gas range, stainless steel dishwasher, built-in oven) and ample storage, the cabinets and the built-in oven appear to be from an earlier renovation or are original and well-maintained, rather than brand new. Despite the age of the original structure, the significant and recent updates make the property move-in ready with major systems well-maintained and within their expected lifespan, aligning with a 'Good' condition score.
Pros & Cons

Pros

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.
Extensive Recent Renovations: The property boasts significant recent updates including new interior and exterior paint, a permitted roof from 2022, remodeled bathrooms, dual-paned windows, smoothed ceilings with LED recessed lights, and ceiling fans in all bedrooms, offering a move-in ready experience.
Significant ADU Potential: Situated on an exceptional 9,370 sq. ft. lot, the property offers exciting ADU (Accessory Dwelling Unit) potential, providing a valuable opportunity for future income generation or expanded living space.
Excellent Climate Control: Equipped with a newer oversized air conditioner for cooling and a living room fireplace for warmth, the home ensures comfortable living conditions year-round.
Low Maintenance Flooring: All tiled floors throughout the home eliminate carpet, offering a modern aesthetic, easy maintenance, and a benefit for those with allergies.
Ample Parking & RV/Boat Storage: The property features an extra-wide driveway capable of fitting 3 cars, plus additional space for small RV or boat parking, a significant advantage for vehicle owners.

Cons

Age of Core Structure: Built in 1961, while extensively renovated, the underlying structure is older, which may lead to potential concerns regarding original plumbing, electrical systems (beyond lighting), or other infrastructure not explicitly mentioned as updated.
Partially Finished Garage: The two-car extra-deep garage is described as 'partially drywall finished,' indicating it may not be a fully completed or insulated space, potentially requiring further investment for full functionality or aesthetic completion.
Absence of Existing Pool: Despite the large backyard and mention of pool potential, the property does not currently have a pool, meaning buyers desiring this amenity will incur significant additional costs and time for installation.

Best solution for experienced home buyers!

Data-driven home buying experience with our licensed real estate agents and cutting-edge AI

Browse Properties by State Browse housing market trends by state