1940 Arcane Street, Simi Valley, California 93065, Simi Valley, 93065 - 4 bed, 3 bath
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Simi Valley, California 93065
This Spacious Renovated Residence is a Prime Investment Opportunity, listed at $949,000—positioned well below the $995,488 Fair Market Value by 4%. This valuation gap provides $46,488 in Instant Equity for the buyer. The home maintains a Move-in Ready Condition Rating, featuring a Remodeled Granite Kitchen, a Primary Suite with Jacuzzi, and a versatile Downstairs Bedroom and Bath ideal for multi-generational living. The outdoor oasis includes a Private Pool, Cabana, and Mountain Views. This property is an ideal match for Growing Families or Owner-Occupants seeking a value-driven lifestyle upgrade.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1940 Arcane Street Subject | $949,000* List Price | 4 | 3 | 2,482 | $394 | - |
A 1036 Stanford Drive Sold | $925,000 | 5 | 3 | 2,481 | $373 | 0.2 mi |
B 2146 N Brower Street Sold | $915,000 | 5 | 3 | 2,498 | $366 | 1.0 mi |
C 1161 Cavalier Avenue Sold | $824,000 | 4 | 3 | 1,769 | $466 | 0.8 mi |
D 2339 Dusan Street Sold | $915,000 | 4 | 3 | 2,011 | $455 | 0.5 mi |
E 2108 N Brower Street Sold | $907,500 | 5 | 3 | 2,498 | $363 | 0.9 mi |
F 896 Moffatt Circle Sold | $885,000 | 5 | 3 | 2,069 | $428 | 0.6 mi |
G 2235 Burnside Active | $850,000 List Price | 4 | 3 | 2,695 | $315 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although built in 1964, the property has undergone significant renovations including a fully remodeled kitchen with granite countertops and a modern primary bathroom with a Jacuzzi tub and quartz counters. Recent maintenance items like the 2020 sewer line replacement, new energy-efficient pool pump, and brand new carpet/paint indicate the home is well-maintained and move-in ready, consistent with a 5-15 year renovation cycle.
The floor plan includes a highly desirable downstairs bedroom and full bathroom, providing an ideal setup for guests, seniors, or multi-generational living arrangements.
The property features a fully remodeled kitchen with granite countertops, a renovated primary suite with a Jacuzzi tub, and essential infrastructure updates like a 2020 sewer line replacement.
The backyard is optimized for entertainment with a pool, new energy-efficient pump, pool cabana, and brand-new turf in both front and back for a lush look without the upkeep.
Built in 1964, the home may require ongoing maintenance or future updates to original structural components that have not been modernized.
The listing highlights driveway parking for three cars but lacks mention of a traditional garage, which may be a drawback for buyers requiring secure vehicle storage or a workshop.
Spacious 4-bedroom, 3-bath home in Central Simi featuring a highly desirable open floor plan with one bedroom and bath with shower downstairs--ideal for guests or multi-generational living. Interior upgrades include scraped ceilings, ceiling fans in every room, recessed lighting, newer tile flooring and brand new carpet downstairs with some areas freshly painted. The fully remodeled kitchen boasts new cabinetry, granite countertops, and stainless steel appliances. Just off the dining area is an expansive family room with a wood-burning fireplace .Upstairs, the primary suite offers a generously sized bedroom, walk-in closet, and a newer installed bathroom featuring a Jacuzzi tub, large shower, and dual sinks with quartz countertops. Secondary bedrooms are also spacious and well-appointed. Downstairs a versatile den or small living area includes built-in shelving and French doors leading to a covered patio overlooking the pool--perfect for entertaining. The backyard is designed for relaxation and summer fun, complete new turf and a pool cabana/changing room. Additional highlights include central heat and air, a whole house fan, new energy efficient pool pump, new front and side gates, turf installed in the front and back for low maintenance. Ample driveway parking for up to 3 cars. Sewer line was replaced in 2020. Come and make this one your own!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 3.0 | 2.0 | 53% |
| Square foot | 2,482 | 1,824.5 | 76% |
| Lot Size | 7,405 | 7,840 | 48% |
| Price | $949.0K | $867.5K | 63% |
| Price per sq ft | $382 | $504 | 10% |
| Built year | 1964 | 1973 | 36% |
| HOA | $0 | $0 | 50% |
| Days on market | 44 | 150 | 4% |
May 1, 2026
$949,000
Initial Listing
Sep 15, 2020
$701,500
Public Record