2874 School Street, Simi Valley, California 93065, Simi Valley, 93065 - 2 bed, 1 bath
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Simi Valley, California 93065
Analysis of 2874 School Street, Simi Valley, California 93065 is currently available with a list price of $795,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Simi Valley Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is moderate renovation needed.
The property is a 1925 build that has been maintained with some partial updates, including newer laminate flooring and interior paint. However, the kitchen and bathroom are dated, featuring older cabinetry, tile countertops, and a missing panel above the range. The home lacks central HVAC, relying on window units, and the overall aesthetic reflects renovations that are likely 15-20 years old. While functional and currently tenant-occupied, it requires significant modernization to meet current standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 22215, living area = 1023.
The massive 22,215 sq ft flat lot is zoned for three homes, offering exceptional value for developers or investors looking to maximize the site's density.
The property currently generates $1,750 per month in rental income with a tenant who wishes to stay, providing immediate cash flow during the entitlement or planning process.
Built in 1925 and described as a 'Contractor's Dream,' the existing structure is aged and likely requires significant capital improvement or demolition.
With only two bedrooms and one bathroom in a 1,023 sq ft footprint, the current home is undersized for the modern market and may struggle to attract traditional families.
Welcome to this Contractors Dream over 1/2 acre (22,215 sq ft flat) zoned for 3 homes.Location is Central Simi Valley. Existing home is rented for $1750 a month. Tennant would like to stay.This delightful but older 2-bedroom plus 1 bathroom home is listed for $795,000. Perfectly located in Friendly neighborhood, this gem offers incredible potential. Sewers are in and connected. Recent Survey available.Close to shopping, schools and parks.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 4.0 | 3% |
| Baths | 1.0 | 3.0 | 1% |
| Square foot | 1,023 | 1,883 | 2% |
| Lot Size | 22,215 | 7,623 | 94% |
| Price | $795.0K | $880.0K | 29% |
| Price per sq ft | $777 | $477 | 99% |
| Built year | 1925 | 1976 | 1% |
| HOA | $0 | $0 | 50% |
| Days on market | 11 | 173 | 1% |
Apr 11, 2026
$795,000
Initial Listing
Jun 22, 2001
$212,000
Public Record