3234 Darby Street 128, Simi Valley, California 93063, Simi Valley, 93063 - 2 bed, 1 bath
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Simi Valley, California 93063
This Value-Add Condominium represents a strategic acquisition for those targeting forced appreciation in Simi Valley. Listed at $439,900, the property currently sits above its $361,051 Fair Market Value, requiring a focused approach to future equity through renovation. With a Condition Rating of 5, the interior necessitates a major rehab to modernize the 1980s finishes and dated cabinetry. However, the 1,114 sqft split-level floor plan, private fenced patio, and Sycamore Terrace community amenities provide a solid foundation for ROI. This project is ideal for Fix-and-Flip Investors or Contractors prepared to modernize the space and manage the $858 association fee within the Simi Valley Unified district.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3234 Darby Street 128 Subject | $419,900* List Price | 2 | 1 | 1,114 | $319 | - |
A 3378 Darby Street 438 Active Under Contract | $439,950 List Price | 2 | 1 | 1,061 | $415 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1981, the property is over 40 years old and retains largely original features. The kitchen contains dated pine cabinetry and older appliances, while the living areas feature 1980s-style wood paneling and tile. Per the criteria and example, the age and lack of modern updates necessitate a major rehab.
The Sycamore Terrace community offers a robust amenity package including a pool, tennis courts, private park, and greenbelts, providing significant lifestyle value for residents.
Unlike many condos, this unit includes both an assigned space in an attached shared garage and an additional assigned outdoor space, plus the rare option for gated RV parking.
The inclusion of a private fenced patio directly off the living room offers a secluded area for outdoor relaxation and entertaining that is highly sought after in multi-family housing.
The monthly HOA fee of $858 is substantially high for a two-bedroom, one-bathroom unit, which may impact buyer affordability and overall property competitiveness.
The unique split-level floor plan requires navigating stairs between the kitchen/dining area and the living/sleeping quarters, which may be a drawback for buyers with mobility concerns.
Welcome to this well maintained 2 bedroom, 1 bathroom condo located in the desirable Sycamore Terrace community. Ideally situated near the community pool and conveniently close to shopping, dining, and transportation, this home offers both comfort and convenience.This unique split level floor plan features a bright dining area and sunny kitchen just a few steps up from the entry, while the spacious living room and bedrooms are located a few steps down. The living room is open and inviting, featuring a cozy fireplace, wall-to-wall carpeting, and direct access to a private fenced patio, perfect for relaxing or entertaining. The dining area features laminate flooring and connects seamlessly to the kitchen, creating a functional flow.Additional highlights include an attached shared garage with one assigned space, plus an additional assigned outdoor parking space.Residents of Sycamore Terrace enjoy access to a variety of amenities, including a community pool, private park, tennis courts, expansive greenbelts, and walking paths. Gated RV parking is also available for an additional fee, subject to availability.A great opportunity to own in a well kept community with excellent amenities and a convenient location!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 1.0 | 2.0 | 38% |
| Square foot | 1,114 | 1,050 | 57% |
| Lot Size | - | 1,114 | 24% |
| Price | $419.9K | $455.0K | 29% |
| Price per sq ft | $377 | $465 | 5% |
| Built year | 1981 | 1981 | 50% |
| HOA | $858.0 | $440 | 95% |
| Days on market | 30 | 151 | 5% |
May 21, 2026
$419,900
$439,900
-5% Price Drop
Initial Listing
May 7, 2026
$439,900
Initial Listing
Jun 6, 2018
$330,000
Public Record
Nov 21, 2003
$255,000
Public Record
Jan 31, 1996
$95,000
Public Record