
Simi Valley, California 93063
This Turn-Key Single Family Residence represents a High-Potential Investment Opportunity, listed at $985,000, which aligns with its $985,000 Fair Market Value. Featuring a Mint Condition Rating following a comprehensive renovation, the home offers a modern open-concept layout and Hills Views. The standout feature is the Approved ADU Permits for two 850 sq. ft. units, providing significant rental income potential. This property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a move-in-ready home with built-in expansion capabilities.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3335 Felix Avenue Subject 3 bd · 2 ba · 1,700 sqft · $529 | $899,000* List Price | 3 | 2 | 1,700 | $529 | - |
A 3605 Township Sold 3 bd · 2 ba · 1,866 sqft · $485 · 0.3 mi | $905,000 | 3 | 2 | 1,866 | $485 | 0.3 mi |
B 3307 Cole Sold 4 bd · 2 ba · 1,919 sqft · $485 · 0.1 mi | $930,000 | 4 | 2 | 1,919 | $485 | 0.1 mi |
C 3477 Vicki Court Sold 3 bd · 3 ba · 1,823 sqft · $518 · 0.4 mi | $945,000 | 3 | 3 | 1,823 | $518 | 0.4 mi |
D 3290 Cole Avenue Sold 3 bd · 2 ba · 1,194 sqft · $624 · 0.1 mi | $745,000 | 3 | 2 | 1,194 | $624 | 0.1 mi |
E 3673 Valencia Avenue Sold 4 bd · 2 ba · 1,826 sqft · $515 · 0.7 mi | $940,000 | 4 | 2 | 1,826 | $515 | 0.7 mi |
F 3055 Waco Avenue Active 3 bd · 2 ba · 1,427 sqft · $631 · 0.8 mi | $899,950 List Price | 3 | 2 | 1,427 | $631 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property has undergone a comprehensive renovation within the last 5 years, featuring a modern open-concept kitchen with waterfall quartz countertops, new stainless steel appliances, updated bathrooms, new flooring, recessed lighting, and updated electrical systems and windows, putting it in mint, move-in-ready condition.
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 comes with approved planning permits for two additional 850 sq. ft. ADUs, offering a rare and significant opportunity for rental income or multi-generational living.
Extensively remodeled from top to bottom, the home features a modern open-concept layout, updated electrical, and new kitchen and bathrooms, ensuring a move-in-ready experience.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1700, other record living area = 1194.
Having been active for 104 days, the property may face buyer scrutiny regarding its pricing relative to current market absorption rates.
While permits are approved, the ADUs are not yet built; the buyer must manage the costs, time, and logistical challenges of active construction to realize the property's full value.
DRASTIC PRICE REDUCTION!!!!!!!! ON THIS 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. 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 | 2.3 |
| Square foot | 1,700 | 1,764.918 |
| Lot Size | 10,018 | 7,506.335 |
| Price | $899.0K | $856.9K |
| Price per sq ft | $529 | $487 |
| Built year | 1962 | 1970 |
| HOA | $0 | $164 |
| Days on market | 139 | 50 |
Sep 25, 2026
$899,000
$985,000
-9% Price Drop
Initial Listing
Jun 7, 2026
$985,000
Initial Listing
Jul 3, 2006
$455,000
Public Record