
Simi Valley, California 93065
This High-Potential Investment Opportunity is listed at $1,200,000, positioned above the $1,041,304 Fair Market Value. While priced above current estimates, the property functions as a turnkey Multi-Unit Asset with three fully permitted units generating $7,750 in monthly income. Featuring a Mint Condition Rating with recent renovations and modern systems, the property offers immediate cash flow and significant development upside through potential future ADUs. This versatile configuration is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to offset mortgage costs through rental income.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2345 Bryson Place Subject | $1,200,000* List Price | 6 | 4 | 1,990 | $523 | - |
A 1536 Earl Avenue Sold | $860,000 | 4 | 3 | 1,725 | $499 | 0.5 mi |
B 896 Moffatt Circle Sold | $885,000 | 5 | 3 | 2,069 | $428 | 1.0 mi |
C 2339 Dusan Street Sold | $915,000 | 4 | 3 | 2,011 | $455 | 0.2 mi |
D 952 Moffatt Circle Sold | $899,900 | 4 | 2 | 1,632 | $551 | 1.0 mi |
E 1091 Haven Avenue Sold | $850,000 | 4 | 2 | 1,338 | $635 | 0.3 mi |
F 1091 Vallejo Avenue Sold | $865,000 | 4 | 2 | 1,708 | $506 | 0.4 mi |
G 593 Talbert Avenue Sold | $855,000 | 4 | 3 | 1,958 | $437 | 0.9 mi |
H 2094 Elizondo Avenue Pending | $875,000 List Price | 4 | 3 | 1,725 | $507 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While originally built in 1971, the property has undergone a comprehensive recent renovation (likely <5 years) including modern shaker-style kitchens with stone countertops, updated bathrooms, and new LVP flooring throughout. The addition of modern mini-split HVAC systems and a newer roof indicates all major systems have been addressed, qualifying it as mint condition.
The property is a turnkey investment with three fully permitted units already generating a combined $7,750 per month, providing exceptional cash flow from day one.
The offer of seller financing with 30% down and 6% interest-only payments provides a rare and flexible financing solution in a challenging interest rate environment.
Beyond the existing three units, the property offers significant upside with the potential to add two additional detached ADUs, maximizing the density and value of the lot.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1990, other record living area = 975. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 6, other record bedroom count = 3.
The property was recently sold within the past year on 2025-09-23. The sold price is $760,000.00.
With 93 days on the market, the property may be facing buyer hesitation, potentially due to its high list price relative to the total square footage.
*****Sellers may consider seller financing for qualified buyers. Contact listing agent for details.*****Terms: 30% down, 6% interest only payments, 2-year loan term. Contact listing agent for details.Rare fully permitted multi-unit opportunity in the heart of Simi Valley featuring a beautifully upgraded main residence, attached permitted JADU, and attached permitted ADU with additional upside potential for two future detached ADUs (buyer to verify). This versatile property offers an ideal setup for investors, owner-users, multi-generational living, or buyers seeking strong income-producing potential.The main residence is currently leased for $3,900/month, the permitted JADU generates $1,700/month, and the attached ADU currently leased for $2,150/month, creating strong existing and future cash flow opportunities. All units have been thoughtfully updated, offering modern finishes and flexible living arrangements.Situated on a generous lot with excellent functionality and expansion potential, this property combines stable income with long-term appreciation opportunities in one of Ventura County's most desirable rental markets. Fully permitted ADUs significantly reduce buyer and lender concerns while adding substantial value and flexibility.Whether you're looking to offset your mortgage with rental income, expand your investment portfolio, or capitalize on future ADU development opportunities, this is a rare chance to own a highly versatile income-producing property with exceptional upside.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 6.0 | 4.0 |
| Baths | 4.0 | 2.0 |
| Square foot | 1,990 | 1,735.527 |
| Lot Size | 6,969 | 7,383.872 |
| Price | $1.20M | $868.9K |
| Price per sq ft | $603 | $499 |
| Built year | 1971 | 1970 |
| HOA | $0 | $160 |
| Days on market | 134 | 50 |
Apr 28, 2026
$1,200,000
Initial Listing
Sep 23, 2025
$760,000
Public Record
Feb 8, 2006
$499,000
Public Record
Dec 30, 2004
$460,000
Public Record
Sep 17, 2004
$428,000
Public Record