1735 Spence Street, Simi Valley, California 93065, Simi Valley, 93065 - 4 bed, 2 bath
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1735 Spence Street
Simi Valley, California 93065
ACTIVE UNDER CONTRACT
CONDITION: POOR
4Beds
2Baths
1,227Sq Ft
7,840Lot Size
Property Price
LIST PRICE$659,900
EST. MARKET VALUE
$644,027
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $659,900—positioned well above the $644,027 Fair Market Value by -2%. Featuring a Condition Rating of 5, this 4-bedroom home requires significant renovation to modernize its 1961 finishes. The 7,840 sq. ft. lot and covered patio provide excellent space for value-add expansion. Located in the Simi Valley Unified district, this asset is ideal for Fix-and-Flip Investors or first-time buyers seeking to build equity through strategic, personalized interior improvements.
Estimated Market Value
$644,027
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 |
|---|---|---|---|---|---|---|
★ 1735 Spence Street Subject | $659,900* List Price | 4 | 2 | 1,227 | $525 | - |
A 1441 Ahart Street Sold | $725,000 | 4 | 2 | 1,227 | $591 | 0.3 mi |
B 1271 Alexander Street Sold | $700,000 | 3 | 2 | 1,227 | $570 | 0.6 mi |
C 1571 Kearney Avenue Sold | $630,000 | 4 | 2 | 1,248 | $505 | 0.9 mi |
D 1790 Casarin Street Sold | $731,000 | 4 | 2 | 1,226 | $596 | 1.0 mi |
E 1853 1853 Hillary Ct Sold | $675,000 | 3 | 2 | 1,479 | $456 | 0.3 mi |
F 1418 Agnew Active | $785,000 List Price | 4 | 3 | 1,226 | $640 | 0.4 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 and marketed as a renovation project for investors, the property shows significant signs of age including original aluminum windows, popcorn ceilings, and a dated bathroom. The listing description confirms it needs to be 'reimagined,' placing it in the rehab category.
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 = 7840, living area = 1227.
- Generous Lot & Outdoor Space
The property sits on a substantial 7,840 sq. ft. lot featuring a spacious backyard and covered patio, offering significant room for outdoor entertaining, gardening, or potential expansion.
- High Equity Potential
As a 4-bedroom home priced for renovation, this property presents an excellent value-add opportunity for investors or first-time buyers looking to build equity through personalized upgrades.
CONSRISKS & DEFICIENCIES
- Significant Renovation Required
The property is marketed as a project 'ready to be reimagined,' implying that it likely requires a substantial capital investment to modernize the 1961 finishes and interior systems.
- Inadequate Bathroom Ratio
With four bedrooms but only 1.5 bathrooms, the current configuration may be underserved for larger families, potentially necessitating the addition of a full second bath to maximize market value.
About 1735 Spence Street
Discover the potential in this 4-bedroom, 1.5-bath single-story home offering 1,227 square feet of living space on a generous 7,840 sq. ft. lot in an established Simi Valley neighborhood. Ready to be reimagined, this property presents an outstanding opportunity to create a home that reflects your own style and vision. The functional floor plan provides an excellent foundation for future improvements. Additional amenities include a generous driveway, an attached two-car garage with a roll-up door and laundry hookups, central air and heating, and a spacious backyard with a covered patio. Whether you're a first-time buyer looking to build equity, a buyer needing additional bedrooms and room to grow, an investor seeking your next renovation project, or someone looking to create a personalized home, this property offers exceptional potential. Enjoy easy access to neighborhood parks, shopping, restaurants, schools, and the 118 Freeway while creating a home uniquely your own.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1961
- Lot Size
- 7,840 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
Simi Valley Unified Schools
Park View Elementary School
Grades K-6 • 0.1 mi
2/10
Sinaloa Middle School
Grades 6-8 • 1.4 mi
5/10
Royal High School
Grades 9-12 • 0.9 mi
6/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 4.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,227 | 1,735.527 |
| Lot Size | 7,840 | 7,383.872 |
| Price | $659.9K | $868.9K |
| Price per sq ft | $538 | $499 |
| Built year | 1961 | 1970 |
| HOA | $0 | $160 |
| Days on market | 36 | 50 |
Pricing History
Listed for Sale
Aug 4, 2026
$659,900
Initial Listing