2042 Kasten Street, Simi Valley, California 93065, Simi Valley, 93065 - 5 bed, 3 bath
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2042 Kasten Street
Simi Valley, California 93065
ACTIVE UNDER CONTRACT
CONDITION: POOR
5Beds
3Baths
1,725Sq Ft
6,500Lot Size
Property Price
LIST PRICE$649,900
EST. MARKET VALUE
$666,485
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $649,900—positioned well below the $666,486 Fair Market Value by 2%. This valuation gap offers $16,586 in Instant Equity for buyers willing to execute a renovation plan. With a Condition Rating of 5, the home requires a full rehab, yet the 5-bedroom floor plan and large 6,500 sqft lot provide significant upside for forced appreciation. This is a value-add acquisition ideal for Fix-and-Flip Investors or Contractors seeking a project in a central Simi Valley neighborhood.
Estimated Market Value
$666,485
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 |
|---|---|---|---|---|---|---|
★ 2042 Kasten Street Subject 5 bd · 3 ba · 1,725 sqft · $386 | $649,900* List Price | 5 | 3 | 1,725 | $386 | - |
A 1908 Morley Street Sold 4 bd · 3 ba · 1,725 sqft · $357 · 0.3 mi | $615,000 | 4 | 3 | 1,725 | $357 | 0.3 mi |
B 2613 Hollister Street Sold 4 bd · 2 ba · 1,638 sqft · $433 · 0.7 mi | $710,000 | 4 | 2 | 1,638 | $433 | 0.7 mi |
C 1163 Sycamore Drive Sold 4 bd · 2 ba · 1,580 sqft · $459 · 0.6 mi | $724,900 | 4 | 2 | 1,580 | $459 | 0.6 mi |
D 1340 Durham Street Sold 4 bd · 2 ba · 1,851 sqft · $332 · 1.0 mi | $615,000 | 4 | 2 | 1,851 | $332 | 1.0 mi |
E 2018 Covington Avenue Sold 3 bd · 3 ba · 1,557 sqft · $405 · 0.6 mi | $630,000 | 3 | 3 | 1,557 | $405 | 0.6 mi |
F 2691 Grayson Court Sold 4 bd · 3 ba · 1,958 sqft · $403 · 0.8 mi | $790,000 | 4 | 3 | 1,958 | $403 | 0.8 mi |
G 1843 Garvin Avenue Sold 4 bd · 2 ba · 2,180 sqft · $333 · 0.7 mi | $725,000 | 4 | 2 | 2,180 | $333 | 0.7 mi |
H 1559 Buckskin Avenue Sold 3 bd · 2 ba · 1,854 sqft · $405 · 0.9 mi | $750,000 | 3 | 2 | 1,854 | $405 | 0.9 mi |
I 2361 Lee Pending 3 bd · 2 ba · 1,712 sqft · $386 · 0.7 mi | $660,000 List Price | 3 | 2 | 1,712 | $386 | 0.7 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 1964 and offered by the original owner, this property is in original condition and requires a full rehab. The kitchen and bathrooms feature original cabinetry and fixtures that are over 50 years old. Interior photos show significant wear, including stained walls, popcorn ceilings, and outdated shag carpeting, confirming the listing's 'fixer' status.
PROSSTRENGTHS & OPPORTUNITIES
- Versatile Floor Plan
With five bedrooms and three bathrooms, the home offers a rare and flexible layout that accommodates large families or multi-generational living needs.
- Expansive Usable Lot
The large, flat 6,500-square-foot lot provides a blank canvas for outdoor entertaining, gardening, or creating a private backyard retreat.
- Prime Neighborhood Location
Situated in the desirable Stonegate area of Central Simi Valley, the property is ideally located near shopping, parks, and the Arroyo biking and walking trails.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =6500, other record lot size in square feet = 6098. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 4.
- Significant Renovation Needed
As an original-owner fixer-upper built in 1964, the property requires substantial capital investment and labor to modernize its systems and finishes.
- Lack of Functional Garage
The garage has been converted into a den, which eliminates covered parking and may require costly restoration to return it to its original intended use.
About 2042 Kasten Street
Opportunity awaits in this spacious Stonegate home, offered for the first time by its original owner! Filled with years of love and ready for its next chapter, this two-story fixer offers a wonderful floor plan, generous living spaces, and endless potential for a buyer looking to renovate and make it their own.The home features four bedrooms plus a Jack-and-Jill configuration that creates a fifth bedroom, along with three bathrooms. The inviting kitchen includes charming banquette seating, while the large living room is anchored by a classic red brick fireplace. The garage has been converted into additional living space and is currently used as a den, but could easily be converted back to a garage if desired.Set on a large, flat and highly usable lot, the outdoor space offers tremendous possibilities for entertaining, play, gardening, or creating your own backyard retreat. Bring your tools, imagination and vision..this is the kind of property where a little creativity can go a long way.Located in a desirable central Simi Valley neighborhood close to shopping, parks and the Arroyo, with miles of paths for walking and biking. With a great location, versatile floor plan and an exceptional lot, this Stonegate fixer is ready to be transformed into something truly special
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1964
- Lot Size
- 6,500 Sq. Ft.
Interior
- Total Bedrooms
- 5
- Total Bathrooms
- 3 (3 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
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 4.0 |
| Baths | 3.0 | 2.3 |
| Square foot | 1,725 | 1,764.918 |
| Lot Size | 6,500 | 7,506.335 |
| Price | $649.9K | $856.9K |
| Price per sq ft | $377 | $487 |
| Built year | 1964 | 1970 |
| HOA | $0 | $164 |
| Days on market | 29 | 50 |
Pricing History
Listed for Sale
Sep 25, 2026
$649,900
Initial Listing