
Simi Valley, California 93065
This property presents a Strong Value Opportunity with a List Price of $699,000—positioned well below the $748,155 Fair Market Value by 6%. This valuation gap offers $49,155 in Instant Equity for buyers. Featuring a Condition Rating of 5, the home requires a full rehab, yet offers significant upside through its 8,712 sq. ft. lot with RV access and ADU potential. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a customizable asset in Simi Valley.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2977 Dorham Court Subject | $699,000* List Price | 4 | 3 | 1,818 | $412 | - |
A 1520 Hilgard Avenue Sold | $753,800 | 4 | 2 | 1,554 | $485 | 0.2 mi |
B 2613 Hollister Street Sold | $710,000 | 4 | 2 | 1,638 | $433 | 0.5 mi |
C 2958 Rosette Sold | $795,000 | 4 | 2 | 1,954 | $407 | 0.9 mi |
D 2820 Rock Street Sold | $875,000 | 4 | 2 | 1,879 | $466 | 0.3 mi |
E 960 Breton Street Sold | $650,000 | 4 | 2 | 1,323 | $491 | 0.6 mi |
F 1163 Sycamore Drive Sold | $724,900 | 4 | 2 | 1,580 | $459 | 0.6 mi |
G 1843 Garvin Avenue Sold | $725,000 | 4 | 2 | 2,180 | $333 | 0.8 mi |
H 419 Talbert Avenue Pending | $599,000 List Price | 4 | 2 | 1,954 | $307 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1964 and marketed as a 'blank canvas,' this 60-year-old property requires a full rehab. Interior photos show dated parquet flooring, popcorn ceilings, and aging fixtures. While the electrical panel and windows have been updated, the kitchen and bathrooms likely require complete modernization to be functional by modern standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8712, living area = 1818.
Priced under $700,000 for over 1,800 square feet, this property offers a rare entry-level price point for a four-bedroom detached home in the Simi Valley market.
The oversized 8,712 sq. ft. cul-de-sac lot features dedicated RV access with hookups and significant potential for an ADU, pool, or custom outdoor living space with direct trail access.
Positioned as a 'blank canvas,' the property likely requires substantial cosmetic and functional updates to reach its full potential, necessitating a larger post-purchase budget.
The local elementary and middle schools carry average ratings (4 and 5 out of 10), which may be a drawback for families prioritizing top-tier educational districts.
INCREDIBLE Simi Valley opportunity under $700,000! Located at the end of a small cul-de-sac, this spacious single-family home offers over 1,800 square feet of living space with 4 bedrooms and 2.5 bathrooms, providing a fantastic opportunity to create a home tailored to your vision. The versatile floor plan includes a first-floor bedroom, while the generous living spaces offer plenty of flexibility. Venture outside to an amazing oversized backyard with an abundance of potential, including plenty of room to explore possibilities for an ADU, pool, outdoor entertaining area, garden, and more, subject to applicable permits and approvals. A rear access gate provides direct access to the nearby walking trail, adding even more convenience and outdoor enjoyment. RV access and convenient side-yard RV hookups offer additional versatility. Additional features include dual-pane windows and a newer 220V electrical panel. Whether you're looking to personalize the home over time or unlock its incredible potential, this property is truly a blank canvas with endless possibilities. Conveniently located in the heart of Simi Valley with easy access to shopping, dining, parks, transportation routes, and everyday amenities. An incredible opportunity at this price point—schedule your private showing today before it's gone!
No exterior & parking available.
Grades K-6 • 0.5 mi
Grades K-6 • 0.9 mi
Grades 6-8 • 1.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 4.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 1,818 | 1,735.527 |
| Lot Size | 8,712 | 7,383.872 |
| Price | $699.0K | $868.9K |
| Price per sq ft | $384 | $499 |
| Built year | 1964 | 1970 |
| HOA | $0 | $160 |
| Days on market | 19 | 50 |
Aug 21, 2026
$699,000
Initial Listing