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

1638 Olympic Street, Simi Valley, California 93063 home-pic-0

1638 Olympic Street

Simi Valley, California 93063

ACTIVE
CONDITION: GOOD
4Beds
2Baths
1,463Sq Ft
9,370Lot Size

Property Price

LIST PRICE$849,000
EST. MARKET VALUE
$502,659
68% AboveMARKET VALUE

SUMMARY

Analysis of 1638 Olympic Street, Simi Valley, California 93063 reveals a property with a current list price of $849,000, which is 68% above the estimated $502,659 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. 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 both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.

Estimated Market Value

$502,659
Based on Realkey algorithm analyzing recent comparable sales in Simi Valley.

Comparable Sales Map

Comparables within 1 miles sold in recently

Address Sold Price BedsBathsSq Ft$/SqftDistance
1638 Olympic Street
Subject
$849,000*
List Price
421,463$344-
A
1675 Barnes
Sold
$780,000321,446$5390.2 mi
B
3132 Elmore
Sold
$860,000431,781$4830.4 mi
C
2241 Century Place
Sold
$792,000321,462$5420.7 mi
D
2439 N Lita Place
Sold
$899,999421,727$5210.9 mi
E
3964 Hibbert Court
Sold
$809,000421,462$5530.8 mi
F
1870 Burch Avenue
Active
$815,000
List Price
321,244$6550.3 mi

* Subject property listed price vs sold prices of comps.

Condition Analysis

OVERALL CONDITION SCORE

Good
TeardownExcellent

Property is move-in ready.

The property is move-in ready and features significant recent updates including a newer roof (2022), updated bathrooms, fresh interior/exterior paint, and recessed LED lighting. While the home was built in 1961, the addition of dual-paned windows, tiled flooring throughout, and a functional kitchen with stainless steel appliances demonstrates consistent maintenance and modern upgrades that align with the 'good' condition criteria.

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 & ADU Potential

    The oversized 9,370 sq. ft. lot offers rare flexibility in central Simi Valley, providing ample space for a pool, home expansion, or a detached ADU for rental income or multigenerational living.

  • Significant Capital Improvements

    The property features high-value updates including a newer permitted roof (2022), dual-paned windows, and an oversized air conditioning system, ensuring immediate comfort and reduced maintenance costs.

CONSRISKS & DEFICIENCIES

  • MLS Listing Discrepancy

    Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =9370, other record lot size in square feet = 9147.

  • Basic Kitchen Finishes

    While functional and move-in ready, the kitchen lacks the modern high-end aesthetic and open-concept island design often preferred by contemporary buyers at this price point.

  • 1960s Era Layout

    As a 1961 build, the home may feature more compartmentalized living spaces and smaller secondary bedrooms compared to the open-flow floor plans found in newer residential developments.

About 1638 Olympic Street

This is the kind of lot buyers wait for. Approximately 9,370 sq ft in central Simi Valley, offering the freedom to build a pool, expand the home, or add an ADU for income or multigenerational living. The property provides room to adapt, whether that means future expansion, outdoor upgrades, or additional living space.The home is move in ready with fresh interior and exterior paint and a newer permitted roof installed in 2022. The single level floor plan includes four bedrooms and two bathrooms, featuring updated hall and primary baths, smooth ceilings with recessed LED lighting, dual paned windows, and tiled flooring throughout. The design is practical, cohesive, and easy to maintain. A living room fireplace adds warmth, while an oversized air conditioner and ceiling fans in all bedrooms support year round comfort. One secondary bedroom includes an attached full bath with a shower tub combo, offering useful flexibility for guests, older children, or extended family.The kitchen is straightforward and functional, featuring a gas range, built in oven, stainless steel dishwasher, and ample cabinet storage. It opens to the family room, creating a natural and usable flow for everyday living.The depth and width of the backyard create real flexibility, with room for a pool, expanded living space, a home garden, or potential ADU additions. It is a lot designed to adapt over time rather than dictate a single outcome. A spacious covered patio and full fencing make the yard immediately usable while still leaving plenty of space for future plans.Curb appeal is enhanced by hardscaped walkways and stacked stone pilasters with integrated lighting. The two car extra deep garage includes laundry hookups and partial drywall finish. An extra wide driveway accommodates three vehicles, with additional space for possible small RV or boat parking.This is a home with solid upgrades, a flexible footprint, and a lot that supports long term plans. It is well suited for buyers thinking not just about today, but what comes next.

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

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds4.04.0
50%
Baths2.02.0
50%
Square foot1,4631,823
32%
Lot Size9,3707,405
76%
Price$849.0K$847.0K
50%
Price per sq ft$580$472
84%
Built year19611973
8%
HOA$0$0
50%
Days on market43185
2%

Pricing History

Listed for Sale

Jan 23, 2026

$849,000

Initial Listing

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