
Simi Valley, California 93063
This Renovated Single Family Residence represents a High-Potential Investment Opportunity, listed at $985,000—positioned slightly above the $983,587 Fair Market Value. Featuring a Mint Condition Rating with modern upgrades, the property offers significant upside through its Approved ADU Permits for two 850 sq. ft. units on a 10,000+ sq. ft. lot. This "house hack" potential provides a unique path to rental income or multi-generational living. This property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a turnkey home with substantial development growth.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3335 Felix Avenue Subject | $985,000* List Price | 3 | 2 | 1,700 | $579 | - |
A 3605 Township Sold | $905,000 | 3 | 2 | 1,866 | $485 | 0.3 mi |
B 3116 Lori Circle Sold | $1,255,000 | 4 | 3 | 2,188 | $574 | 0.3 mi |
C 3307 Cole Sold | $930,000 | 4 | 2 | 1,919 | $485 | 0.1 mi |
D 3477 Vicki Court Sold | $945,000 | 3 | 3 | 1,823 | $518 | 0.4 mi |
E 3290 Cole Avenue Sold | $745,000 | 3 | 2 | 1,194 | $624 | 0.1 mi |
F 3673 Valencia Avenue Sold | $940,000 | 4 | 2 | 1,826 | $515 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property has undergone a comprehensive, high-quality renovation within the last 5 years, featuring a brand-new kitchen and bathrooms, updated electrical systems, and new windows and doors. The interior displays modern wide-plank flooring and recessed lighting, meeting the criteria for mint condition with no immediate maintenance required.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 10018, living area = 1700.
The property includes approved permits for two 850 sq. ft. ADUs, offering a rare and significant opportunity for rental income or multi-generational living on a spacious 10,000+ sq. ft. lot.
The home has been thoughtfully remodeled from top to bottom, featuring a stylish open-concept layout, updated electrical, new windows, and high-end finishes in the kitchen and bathrooms.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1700, other record living area = 1194.
The ADU units are not yet built and the listing relies on architectural renders; the buyer will need to manage and fund the actual construction process to realize the property's full potential.
With 60 days on the market, the property may be facing pricing resistance or buyer hesitation, which could affect its perceived value compared to faster-moving local inventory.
Beautifully renovated and exceptionally well-located, this stunning Simi Valley property offers approximately 1,700 sq. ft. of living space on a 10,000+ sq. ft. lot, just minutes from Simi Valley City Hall and close to major shopping, dining, and entertainment, including Simi Valley Town Center. Thoughtfully remodeled from ceiling to floors, the home features a stylish open-concept layout with new kitchen and bathrooms, new doors and windows, updated electrical, refreshed landscaping, and an inviting backyard designed for comfortable living and entertaining. A standout bonus is the approved planning permits for the constructions of two additional ADU units in the rear, each approximately 850 sq. ft. with 2 bedrooms and 2 bathrooms each, ready to build, an incredible opportunity for extended family living or significant rental income potential. With room to grow, tasteful finishes throughout, and flexibility for multigenerational living or investment, this property offers exceptional value. Seller is highly motivated and will assist the buyer with closing costs and loan discount points with a full-price offer and proper qualifications. All renovations, upgrades, new construction and Sewer connection was done with the required County and City permits. Pics of the two ADUs that will be included in the listing are architectural renders of a future construction. Please call for more information. All information provided deemed to be reliable but is not guaranteed. Is the Buyer and their agent's responsibility to make all the inspections and investigations of the property using the proper professionals.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 4.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,700 | 1,735.527 |
| Lot Size | 10,018 | 7,383.872 |
| Price | $985.0K | $868.9K |
| Price per sq ft | $579 | $499 |
| Built year | 1962 | 1970 |
| HOA | $0 | $160 |
| Days on market | 94 | 50 |
Jun 7, 2026
$985,000
Initial Listing
Jul 3, 2006
$455,000
Public Record