3452 Lockwood Court 24, Simi Valley, California 93063, Simi Valley, 93063 - 2 bed, 2 bath
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3452 Lockwood Court 24
Simi Valley, California 93063
ACTIVE
CONDITION: FAIR
2Beds
2Baths
912Sq Ft
435Lot Size
Property Price
LIST PRICE$425,000
EST. MARKET VALUE
$429,438
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $425,000—positioned well below the $429,438 Fair Market Value by 1%. This valuation gap offers $4,438 in Instant Equity for buyers. Featuring a Fair Condition Rating, the home requires cosmetic updates, including paint and flooring installation. With a detached two-car garage and a central location in the Simi Valley Unified district, this asset is ideal for Buy-and-Hold Investors or first-time buyers seeking to build value through sweat equity.
Estimated Market Value
$429,438
Based on Realkey algorithm analyzing recent comparable sales in Simi Valley.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3452 Lockwood Court 24 Subject | $425,000* List Price | 2 | 2 | 912 | $471 | - |
A 3490 Highwood Court 87 Active Under Contract | $396,000 List Price | 2 | 2 | 1,000 | $396 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1972, this property is dated and currently mid-improvement, requiring paint and the installation of new flooring provided by the owner. While it features some updates like newer windows and a partially renovated bathroom, the kitchen remains dated and the overall condition requires minor repairs and finishing to be fully move-in ready.
PROSSTRENGTHS & OPPORTUNITIES
- Value-Add Potential
The property offers a significant opportunity for sweat equity, with the owner providing new vinyl plank flooring and the home requiring only minor cosmetic updates like paint to increase its market value.
- Desirable Amenities
Unlike many condominiums, this unit includes a detached two-car garage and has been upgraded with newer windows, recessed lighting, and wood flooring on the upper level.
- Prime Central Location
Conveniently located in Central Simi Valley, the home provides easy access to local schools, shopping centers, restaurants, and parks, making it ideal for commuters and families.
CONSRISKS & DEFICIENCIES
- Unfinished Interior
The home is not in move-in-ready condition, requiring the installation of flooring and fresh paint, which may be a drawback for buyers seeking a turn-key residence.
- Compact Living Area
With only 912 square feet of living space distributed over two stories, the layout may feel restrictive for those seeking a more spacious suburban footprint.
About 3452 Lockwood Court 24
Great Simi Valley Location! Welcome to this well-located condominium in Simi Valley, conveniently close to schools, shopping, restaurants, parks and transportation. This two-story home offers 2 bedrooms and 2 bathrooms, with one full bathroom upstairs and one bathroom downstairs. The upstairs features wood flooring, recessed lighting, and ceiling fans. The home also has newer windows and a private front entrance with added privacy. The property has great potential and is ready for your personal touches. It needs some paint, and the owner is leaving new vinyl plank flooring for the downstairs, giving the new owner an opportunity to complete the space to their own taste. Additional features include a detached two-car garage and a convenient location close to everything Simi Valley has to offer. Great opportunity for a buyer looking to add their own style and value in a desirable Simi Valley location!
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1972
- Lot Size
- 435 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $314.22 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 912 | 1,188.042 |
| Lot Size | 435 | 1,360.042 |
| Price | $425.0K | $500.4K |
| Price per sq ft | $466 | $457 |
| Built year | 1972 | 1986 |
| HOA | $314.22 | $472 |
| Days on market | 29 | 66 |
Pricing History
Listed for Sale
Aug 11, 2026
$425,000
Initial Listing
Sold
Apr 3, 2023
$400,000
Public Record
Sold
Feb 24, 2017
$299,000
Public Record
Sold
Dec 6, 2005
$86,000
Public Record
Sold
Sep 23, 1997
$75,000
Public Record