2073 Stanford Drive, Simi Valley, California 93065, Simi Valley, 93065 - 4 bed, 2 bath

2073 Stanford Drive, Simi Valley, California 93065 home-pic-0
ACTIVE$749,000
2073 Stanford Drive, Simi Valley, California 93065
4Beds
2Baths
2,048Sqft
8,712Lot

Price Vs. Estimate

The estimated value ($721,578.79) is $27,421.21 (3%) lower than the list price ($749,000). This property may be overpriced.

Key pros and cons

Top Pros:
Large Lot Size: The property boasts a generous 8,712 sqft lot, providing ample outdoor space.
Top Cons:
As-Is Condition: The property is being sold in as-is condition, potentially requiring significant investment in repairs and upgrades.

Compared to the nearby listings

Price:$749.0K vs avg $852.0K ($-103,000)21%
Size:2,048 sqft vs avg 1,800 sqft59%
Price/sqft:$366 vs avg $48011%

More Insights

Built in 1962 (63 years old).
Condition: The property was built in 1962 and requires substantial repairs and rehabilitation. The kitchen and bathrooms are outdated. The interior shows signs of deferred maintenance and significant wear and tear. The description indicates it's an 'Investor Special' and sold 'as-is,' confirming the need for extensive work.
Year Built
1962
Close
-
List price
$749K
Original List price
$799K
Price/Sqft
$366
HOA
-
Days on market
-
Sold On
-
MLS number
225002874
Home ConditionPoor
Features
Good View:
Pool
Patio
View-

About this home

Investor Special with Huge Upside in Simi ValleyThis 4-bedroom, 2-bath home offers over 2,000 sq. ft. of living space on a generous lot in a desirable neighborhood of Simi Valley. It's got great bones, a solid structure, and just needs the right buyer to bring it back to life.The home features a spacious layout with strong potential for customization and modern updates. The backyard is a standout--flat, private, and complete with a large pool that's currently empty but ready to be restored and transformed into an entertainer's dream.There's also a 400 sq. ft. attached garage that's been partially converted into a livable space, offering extra flexibility. It can be used as-is for additional living or office space, or easily returned to a traditional garage since the door is still fully functional.This is a value-add opportunity for someone with vision. Whether you're an investor looking for your next project, or a buyer ready to put in some work for long-term equity, this property checks the boxes: space, location, and potential.Sold as-is and priced accordingly. With the right updates, this one could truly shine.

Condition Rating
Poor

The property was built in 1962 and requires substantial repairs and rehabilitation. The kitchen and bathrooms are outdated. The interior shows signs of deferred maintenance and significant wear and tear. The description indicates it's an 'Investor Special' and sold 'as-is,' confirming the need for extensive work.
Pros & Cons

Pros

Large Lot Size: The property boasts a generous 8,712 sqft lot, providing ample outdoor space.
Pool Potential: Features a large pool that, while currently empty, offers significant potential for restoration and entertainment.
Flexible Garage Space: The 400 sqft attached garage has been partially converted into livable space, offering flexibility for use as an office or additional living area, and can be easily converted back to a traditional garage.
Desirable Location: Located in a desirable neighborhood of Simi Valley, offering a sought-after community environment.
Value-Add Opportunity: Presents a significant value-add opportunity for investors or buyers willing to invest in renovations and updates.

Cons

As-Is Condition: The property is being sold in as-is condition, potentially requiring significant investment in repairs and upgrades.
Renovation Required: The property requires extensive renovations to bring it up to modern standards and realize its full potential.
Non-Functional Pool: The pool is currently empty and requires restoration, adding to the initial investment required.

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