2642 Blue Ridge Circle, Simi Valley, California 93065, Simi Valley, 93065 - 3 bed, 4 bath
Loading property details...
2642 Blue Ridge Circle
Simi Valley, California 93065
ACTIVE
CONDITION: EXCELLENT
3Beds
4Baths
2,607Sq Ft
9,583Lot Size
Property Price
LIST PRICE$1,125,000
EST. MARKET VALUE
$1,165,165
3% BelowMARKET VALUE
SUMMARY
This Turnkey Hybrid Property is a Strong Value Opportunity, listed at $1,169,000—positioned well below the $1,217,231 Fair Market Value by 3%. This valuation gap offers $48,231 in Instant Equity. Featuring a 2024 Permitted ADU, Viking Appliances, and a Pool and Spa, the home maintains an Excellent Condition Rating. With no HOA and significant rental income potential, this residence balances lifestyle luxury with financial utility. It is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a versatile, move-in ready asset.
Estimated Market Value
$1,165,165+$40,165 Equity Potential
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 |
|---|---|---|---|---|---|---|
★ 2642 Blue Ridge Circle Subject 3 bd · 4 ba · 2,607 sqft · $447 | $1,125,000* List Price | 3 | 4 | 2,607 | $447 | - |
A 2183 E Chesterton Street Sold 4 bd · 3 ba · 2,418 sqft · $368 · 0.8 mi | $890,000 | 4 | 3 | 2,418 | $368 | 0.8 mi |
B 3352 Whispering Glen Court Sold 3 bd · 4 ba · 3,027 sqft · $479 · 0.6 mi | $1,449,900 | 3 | 4 | 3,027 | $479 | 0.6 mi |
C 2707 Bitternut Circle Sold 4 bd · 3 ba · 2,692 sqft · $402 · 0.7 mi | $1,082,000 | 4 | 3 | 2,692 | $402 | 0.7 mi |
D 2467 Marisa Sold 4 bd · 2 ba · 1,729 sqft · $492 · 1.0 mi | $850,000 | 4 | 2 | 1,729 | $492 | 1.0 mi |
E 2517 E Phyllis Street Sold 4 bd · 2 ba · 1,806 sqft · $476 · 0.7 mi | $859,999 | 4 | 2 | 1,806 | $476 | 0.7 mi |
F 2896 Wanda Avenue Pending 4 bd · 2 ba · 1,988 sqft · $503 · 0.3 mi | $999,999 List Price | 4 | 2 | 1,988 | $503 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
The property features extensive recent renovations under 5 years old, including a brand new 2024 permitted ADU, a new HVAC system and furnace from 2023, new flooring, fresh paint, and an updated kitchen with high-end Viking appliances.
PROSSTRENGTHS & OPPORTUNITIES
- Permitted ADU
A newly built (2024) 450 sqft studio with its own address and entrance offers significant rental income potential or a private space for multigenerational living.
- Modernized Interior
The main residence features high-end Viking appliances and recent 2023 upgrades including new flooring, fresh paint, and a brand-new HVAC system for immediate move-in readiness.
- Outdoor Amenities
The expansive lot is fully utilized with a pool, spa, built-in BBQ, and RV access, creating a complete entertainment space without the restrictions of an HOA.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2607, other record living area = 2157.
- Vintage Infrastructure
Despite modern surface updates, the original 1963 construction may present long-term maintenance needs typical of older homes regarding underlying plumbing or electrical systems.
- Market Valuation
The listing price reflects a substantial increase from its 2023 sale price, which may challenge buyers sensitive to rapid market appreciation in the Simi Valley area.
About 2642 Blue Ridge Circle
Tucked away on the north end of Simi Valley with no HOA, this 3 bedroom, 2.5 bath home sits on a 9,583 square foot lot and offers something almost nothing else on the market does: a fully permitted 450 square foot Studio, built in 2024, with its own entrance and its own address. Amazing opportunity for rental income or multigenerational living.Inside the main house, the kitchen is finished with Viking appliances, granite counters and clean white cabinetry. New flooring and fresh interior paint went in throughout in 2023, along with a brand new HVAC condenser and furnace that same year. Solar helps keep the energy bills down.The backyard is built for actually using it. Pool and spa with safety fencing already in place, a covered patio for shade, and a built in BBQ area for the nights you never want to move the party inside. RV access and a long driveway round it out.The ADU is a bright studio with a full kitchen, stainless appliances, stackable laundry and a walk in closet. Permitted, finaled, and on record with the county. Lease it for extra income or keep it for extended family who need their own living.Streets from Simi Valley Hospital and minutes to Target, Starbucks and everyday shopping.Two addresses. One lot. And a whole lot of potential!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1963
- Lot Size
- 9,583 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 4 (4 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 | 3.0 | 4.0 |
| Baths | 4.0 | 2.3 |
| Square foot | 2,607 | 1,764.918 |
| Lot Size | 9,583 | 7,506.335 |
| Price | $1.12M | $856.9K |
| Price per sq ft | $432 | $487 |
| Built year | 1963 | 1970 |
| HOA | $0 | $164 |
| Days on market | 41 | 50 |
Pricing History
Listed for Sale
Oct 20, 2026
$1,125,000
$1,169,000
-4% Price Drop
Initial Listing
Price Change
Sep 13, 2026
$1,169,000
Initial Listing
Sold
Mar 23, 2023
$852,000
Public Record
Sold
Jun 19, 2018
$600,000
Public Record
Sold
Feb 25, 2011
$384,000
Public Record
Sold
Dec 20, 2006
$130,000
Public Record
Sold
Sep 30, 2005
$580,000
Public Record
Sold
May 6, 1998
$192,000
Public Record