
Simi Valley, California 93065
This High-Potential Investment Opportunity is listed at $869,000, positioned well below the $867,898 Fair Market Value (Note: Market parity). Featuring a Condition Rating of 3, this property offers a versatile 10,454 sqft lot with High Density Zoning, allowing for up to 4-6 units. The current layout includes a 4-bedroom main house and a 1-bedroom ADU, providing immediate rental income potential. This asset is perfectly suited for Buy-and-Hold Investors or Developers looking to capitalize on the significant expansion and multi-generational living capabilities of this unique Simi Valley site.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1874 Hubbard Street Subject 5 bd · 3 ba · 1,800 sqft · $456 | $774,000* List Price | 5 | 3 | 1,800 | $456 | - |
A 1249 Gibson Avenue Sold 5 bd · 3 ba · 2,100 sqft · $395 · 0.6 mi | $830,000 | 5 | 3 | 2,100 | $395 | 0.6 mi |
B 1559 Buckskin Avenue Sold 3 bd · 2 ba · 1,854 sqft · $405 · 0.3 mi | $750,000 | 3 | 2 | 1,854 | $405 | 0.3 mi |
C 1394 Parkhurst Sold 4 bd · 2 ba · 1,516 sqft · $547 · 0.9 mi | $830,000 | 4 | 2 | 1,516 | $547 | 0.9 mi |
D 2013 Stanford Sold 4 bd · 3 ba · 1,988 sqft · $471 · 1.0 mi | $937,000 | 4 | 3 | 1,988 | $471 | 1.0 mi |
E 1507 4th Street Sold 3 bd · 3 ba · 1,497 sqft · $504 · 0.8 mi | $755,000 | 3 | 3 | 1,497 | $504 | 0.8 mi |
F 2094 Elizondo Avenue Sold 4 bd · 3 ba · 1,725 sqft · $510 · 0.9 mi | $880,000 | 4 | 3 | 1,725 | $510 | 0.9 mi |
G 1692 Alviso Street Pending 4 bd · 2 ba · 1,547 sqft · $462 · 0.3 mi | $715,000 List Price | 4 | 2 | 1,547 | $462 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although the property was built in 1950, the interior shows clear evidence of a comprehensive renovation likely within the last 5-15 years. The kitchen features modern white shaker cabinets, dark stone countertops, and a contemporary mosaic backsplash. Bathrooms have been updated with glass shower enclosures and marble-style tiling. The listing describes the home as move-in ready, meeting the criteria for a well-maintained, functional property despite its original age.
Zoned for high density, the property offers a rare opportunity to add multiple units or redevelop into a 4-6 unit complex, significantly maximizing long-term investment value.
The 10,450+ square foot lot provides exceptional utility for RV/boat storage or heavy equipment parking, making it ideal for tradespeople or outdoor enthusiasts.
With a flexible floor plan featuring a main house and an ADU, the property is perfectly suited for immediate rental income generation or multi-generational living arrangements.
Originally built in 1950, the property may necessitate significant capital improvements or modernization to its core systems and finishes to meet modern standards.
While zoned for high density, the specific feasibility of adding 4-6 units requires extensive buyer due diligence and city verification, which may impact project timelines and costs.
Huge price reduction signifies owners motivation to sell. Lowest priced Single family residence with an ADU in Simi Valley. Tucked away on a very spacious lot of over 10,450 square feet of versatile usage. This expansive open yard area offers unrivaled practicality. The expansive open area can easily accommodate both an RV as well as a boat; or it would suit a tradesperson who needs a lot of space to park heavy equipment and work trucks. Just the size of the lot alone makes it a rare find for the outdoor enthusiast, a business owner looking for good rental investments, or a construction owner who needs parking for heavy machinery. Zoned for high density, this property has the zoned ability to add more units; units can be legally added to in the form of another home(s) up to total residential structures of 4-5 units, -(buyer and/or buyers agent to verify this). The home itself offers boundless opportunities. Currently it has been rented as a single family residence with an ADU. The main house was rented as a 4 bedroom and two bathroom house. The ADU is a one bedroom and one bathroom simi-attached residence with it's own backyard. However, the floorplan can allow for a 3 bedroom one bathroom main house. with a back studio one bedroom one bathroom attached but separate living space. There is also a tiny living area roughly 8 feet by 6 feet. and a separate entrance from the backyard, there too, would be their own private yard space. The one bedroom one bathroom ADU also has a separate entrance, and their own backyard. There is a separate laundry room in the center of the house accessible to all units. There are many options to consider upon the current living arrangements. You also have options to build up and/or to build out. One could actually demo the entire house and build an apartment complex of up to 4-6 units,(Note: Buyer to verify). if one so chooses to invest that heavily in the form of a ground up project.From its multi-generational living options and impressive income potential, to in law quarters for an aging parent or teenage/adult son or daughter, this move in ready property represents a unique property and buying opportunity that seamlessly connects lifestyle flexibility with long term investment value.Broker and owner does not represent or guarantee the accuracy of the sqft, bedroom/bathroom count, lot size dimensions, permitted or unpermitted rooms, zoning-total units allowed, or other information concerning the conditions or features of the property. Buyer is advised to independently verify the accuracy of all information through personal inspection and w/appropriate professionals to satisfy themselves and rely only on that. Buyer and agent to conduct their own due diligence and investigation.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 4.0 |
| Baths | 3.0 | 2.3 |
| Square foot | 1,800 | 1,764.918 |
| Lot Size | 10,454 | 7,506.335 |
| Price | $774.0K | $856.9K |
| Price per sq ft | $430 | $487 |
| Built year | 1950 | 1970 |
| HOA | $0 | $164 |
| Days on market | 42 | 50 |
Sep 23, 2026
$774,000
$799,000
-3% Price Drop
Initial Listing
Sep 19, 2026
$799,000
$869,000
-8% Price Drop
Initial Listing
Sep 13, 2026
$869,000
Initial Listing
Sep 12, 2026
$899,000
Initial Listing
Dec 1, 1998
$150,000
Public Record