
Simi Valley, California 93063
This Spacious Value-Add Residence is listed at $1,099,900, compared to a $995,496 Fair Market Value that reflects its current original finishes. Holding a Condition Rating of 4, the home is well-maintained but offers a clear path for forced appreciation through cosmetic updates to the Granite Kitchen and living areas. Exceptional utility is provided by the 3-car garage with RV parking and a stamped concrete patio within the Simi Valley Unified district. This property is an ideal acquisition for Owner-Occupants looking to build equity or Buy-and-Hold Investors seeking a high-capacity asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2863 Sapphire Avenue Subject | $1,099,900* List Price | 5 | 3 | 2,657 | $375 | - |
A 3037 Divernon Avenue Sold | $1,029,000 | 5 | 3 | 2,535 | $406 | 1.0 mi |
B 2696 Santa Ynez Avenue Sold | $1,215,000 | 5 | 3 | 2,608 | $466 | 0.7 mi |
C 3370 Township Avenue Sold | $999,000 | 5 | 3 | 2,321 | $430 | 0.4 mi |
D 3160 Leslie Court Sold | $929,000 | 4 | 3 | 2,436 | $381 | 0.4 mi |
E 3330 Township Avenue Active | $1,050,000 List Price | 5 | 3 | 2,321 | $452 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1979, the home is well-maintained but significantly dated. While the kitchen has been partially updated with granite and stainless appliances, the bathrooms and bedrooms feature original fluorescent light boxes and green carpeting. The property is functional but requires a full cosmetic overhaul to meet modern standards.
The rare combination of a 3-car garage and a gated 12' x 31' RV pad with a storage shed provides significant value for homeowners with multiple vehicles or outdoor recreational equipment.
With 2,657 sq. ft. of living space, an extra-large family room, and a versatile downstairs bedroom/office, this 5-bedroom home easily accommodates large families or remote work needs.
Situated in the sought-after New Monterey Gem neighborhood north of the 118 freeway, the property offers a prime location without the monthly fees or restrictive rules of a homeowners association.
The presence of 1970s-era parquet flooring, oak cabinetry, and mirrored walls suggests the home may require cosmetic modernization to appeal to contemporary design preferences.
While the front yard is fully landscaped, the backyard is presented as a 'blank canvas,' indicating that buyers will need to invest additional time and capital to complete the outdoor living space.
Some homes offer space. Some offer location. This one offers both. Welcome to 2863 Sapphire Ave, a 5-bedroom, 2.5-bath, 2,657 sq. ft. two-story home on an 8,712 sq. ft. lot in the established and desirable New Monterey Gem neighborhood, north of the 118 Ronald Reagan Freeway in east Simi Valley. No HOA. -- Room for Everything, Including the RV -- A brick-lined driveway leads to a 3-car garage and a gated RV pad (approx. 12' x 31') with storage shed -- an increasingly rare combination that opens the door to a lifestyle most neighborhoods simply can't accommodate. -- From the Moment You Arrive -- Step through the double door entry onto a brick step-up porch and into a welcoming foyer with real parquet flooring, a chandelier, and vaulted ceilings with white beams -- the kind of entry that sets the tone for everything that follows. Parquet flooring continues through the hall and into the kitchen, grounding the main level with warmth and continuity. The step-down living room flows naturally from the foyer, with large dual pane grid windows that bathe the space in natural light. Adjacent, the dining area with its mirrored wall and chandelier creates an effortlessly elegant setting for everything from quiet dinners to lively gatherings. A guest powder room serves the main level, and a privately situated downstairs bedroom with double door entry, wet bar, and closet -- currently used as a home office, this versatile space is ready to adapt to whatever your lifestyle demands. -- Where the Home Really Opens Up -- Move toward the back of the home and feel the space expand. An extra-large family room -- nearly the footprint of two conventional rooms -- flows seamlessly into the breakfast nook and well-appointed kitchen, creating the kind of great-room experience that becomes the center of daily life. A brick gas fireplace with wood mantle anchors the room while two ceiling fans keep things comfortable year-round. The kitchen delivers where it counts: granite countertops, oak cabinets with pullouts, walk-in pantry, breakfast bar seating, built-in microwave, stainless refrigerator, and glass cooktop/oven. A breakfast nook slider opens to the backyard, connecting indoor living to outdoor possibility. -- Room to Grow Upstairs -- An oak half-spiral staircase makes a statement on the way up to four additional bedrooms. Three thoughtfully designed secondary bedrooms, including two with mirrored closet doors, share a hall bath with tub/shower combo. The primary suite is a welcome retreat -- double door entry, walk-in closet, ceiling fan, and an en suite bathroom with separate vanity and make-up station and shower. -- Your Backyard Awaits -- Step outside to a stamped concrete patio, gated side dog run, and a backyard ready to make your own. The canvas is ready -- whether you're envisioning a garden, an entertainer's paradise, or simply a peaceful place to unwind, the bones are there and the rest is up to you. Laundry hookups in the garage; washer, dryer, and kitchen refrigerator included in the sale. From the fully landscaped front yard and outdoor lighting to the expansive and flexible interior, 2863 Sapphire Ave is well-built home in a neighborhood with lasting appeal -- offering the space, the location, and the opportunity to make it entirely your own.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 4.0 | 89% |
| Baths | 3.0 | 2.0 | 52% |
| Square foot | 2,657 | 1,805 | 85% |
| Lot Size | 8,712 | 6,970 | 70% |
| Price | $1.10M | $875.0K | 81% |
| Price per sq ft | $414 | $483 | 20% |
| Built year | 1979 | 1978 | 52% |
| HOA | $0 | $0 | 50% |
| Days on market | 30 | 137 | 1% |
May 7, 2026
$1,099,900
Initial Listing
Apr 2, 1998
$283,500
Public Record