2178 Electra Avenue, Simi Valley, California 93065, Simi Valley, 93065 - 4 bed, 2 bath
Loading property details...
2178 Electra Avenue
Simi Valley, California 93065
ACTIVE
CONDITION: FAIR
4Beds
2Baths
1,580Sq Ft
6,500Lot Size
Property Price
LIST PRICE$749,000
EST. MARKET VALUE
$752,508
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $749,000—positioned well below the $752,509 Fair Market Value by 0.47%. This valuation gap offers $3,509 in Instant Equity for buyers. Featuring a Modernized Kitchen and a Fair Condition Rating, the home requires cosmetic TLC, providing a clear path for forced appreciation. With No HOA Restrictions and a prime location near the Ronald Reagan Freeway, this is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a value-add project.
Estimated Market Value
$752,508
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 |
|---|---|---|---|---|---|---|
★ 2178 Electra Avenue Subject 4 bd · 2 ba · 1,580 sqft · $476 | $749,000* List Price | 4 | 2 | 1,580 | $476 | - |
A 172 Hermes Street Sold 4 bd · 2 ba · 1,296 sqft · $475 · 0.2 mi | $615,000 | 4 | 2 | 1,296 | $475 | 0.2 mi |
B 257 Aristotle Street Sold 4 bd · 2 ba · 1,580 sqft · $478 · 0.1 mi | $755,000 | 4 | 2 | 1,580 | $478 | 0.1 mi |
C 2031 Socrates Avenue Sold 4 bd · 2 ba · 1,580 sqft · $468 · 0.2 mi | $740,000 | 4 | 2 | 1,580 | $468 | 0.2 mi |
D 2017 Lysander Avenue Sold 4 bd · 2 ba · 1,296 sqft · $613 · 0.2 mi | $795,000 | 4 | 2 | 1,296 | $613 | 0.2 mi |
E 276 Hermes Street Sold 3 bd · 2 ba · 1,445 sqft · $519 · 0.2 mi | $750,000 | 3 | 2 | 1,445 | $519 | 0.2 mi |
F 1404 4th Street Sold 4 bd · 2 ba · 1,200 sqft · $608 · 1.0 mi | $730,000 | 4 | 2 | 1,200 | $608 | 1.0 mi |
G 1507 4th Street Sold 3 bd · 3 ba · 1,497 sqft · $504 · 0.9 mi | $755,000 | 3 | 3 | 1,497 | $504 | 0.9 mi |
H 246 Hermes Street Sold 3 bd · 2 ba · 1,205 sqft · $589 · 0.2 mi | $710,000 | 3 | 2 | 1,205 | $589 | 0.2 mi |
I 93 Dobkin Place Active 5 bd · 3 ba · 2,102 sqft · $416 · 0.5 mi | $875,000 List Price | 5 | 3 | 2,102 | $416 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1963, the property features a recently updated kitchen with modern cabinetry and countertops, but the overall condition is dated. The listing explicitly mentions the need for TLC and cosmetic updates, and interior photos show unfinished details like missing baseboards, placing it in the Fair category.
PROSSTRENGTHS & OPPORTUNITIES
- Modernized Kitchen
The home features a beautifully updated kitchen with white cabinetry, modern countertops, and a stylish backsplash, providing a high-value, turnkey space for the new owner.
- No HOA Restrictions
Located in an established neighborhood with no Homeowners Association, this property offers greater financial flexibility and freedom from restrictive community rules.
- Prime Commuter Location
The property is conveniently situated near the Ronald Reagan Freeway and major shopping hubs, offering excellent accessibility for commuters and easy access to local amenities.
CONSRISKS & DEFICIENCIES
- Deferred Maintenance
The listing explicitly mentions the need for TLC and cosmetic updates, suggesting that buyers will need to budget for immediate repairs and renovations.
- Aging Infrastructure
Built in 1963, the property may require significant investment in older systems such as plumbing, electrical, or roofing to meet modern standards and efficiency.
About 2178 Electra Avenue
Welcome to 2178 Electra Avenue, a home full of possibilities with no HOA in an established Simi Valley neighborhood! This property offers a wonderful opportunity for buyers looking to add their personal touch and make a home truly their own. Step inside to discover a beautifully updated kitchen featuring white cabinetry, modern countertops, and a stylish backsplash, opening to a spacious dining area perfect for everyday living and entertaining. The home offers a functional floor plan with comfortable living spaces and plenty of potential. Outside, enjoy a generously sized backyard with a covered patio, mature landscaping, and ample room to create your ideal outdoor retreat. While the property could benefit from some TLC and cosmetic updates, it provides a great starting point for buyers with vision. Conveniently located near parks, schools, shopping, dining, and the Ronald Reagan Freeway, with nearby attractions including the Ronald Reagan Presidential Library and Museum, Strathearn Historical Park, and the Target shopping center. Bring your creativity and imagine the possibilities. Don't miss this opportunity to make this Simi Valley home your own!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1963
- Lot Size
- 6,500 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
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 4.0 |
| Baths | 2.0 | 2.3 |
| Square foot | 1,580 | 1,764.918 |
| Lot Size | 6,500 | 7,506.335 |
| Price | $749.0K | $856.9K |
| Price per sq ft | $474 | $487 |
| Built year | 1963 | 1970 |
| HOA | $0 | $164 |
| Days on market | 15 | 50 |
Pricing History
Listed for Sale
Oct 9, 2026
$749,000
Initial Listing
Sold
Aug 9, 2012
$295,500
Public Record
Sold
Aug 1, 2006
$540,000
Public Record
Sold
Apr 2, 2002
$285,000
Public Record
Sold
Sep 10, 1998
$195,000
Public Record