3941 Walnut Avenue, Simi Valley, California 93063, Simi Valley, 93063 - 4 bed, 2 bath
ACTIVE UNDER CONTRACT$4,799,000
3941 Walnut Avenue, Simi Valley, California 93063
4Beds
2Baths
2,125Sqft
627,264Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 627264, living area = 2125.
Top Cons:
Development Costs & Complexity: Realizing the full potential of 14.4 acres across multiple parcels will require substantial capital investment, extensive planning, permitting, and construction, which can be a lengthy and complex process.
Compared to the nearby listings
Price:$4.80M vs avg $846.0K (+$3,953,000)99%
Size:2,125 sqft vs avg 1,815.5 sqft70%
Price/sqft:$2.3K vs avg $47999%
More Insights
Built in 1962 (63 years old).
Condition: The property was built in 1962, making it over 60 years old. The kitchen, as seen in the images, features extremely dated wood cabinets, laminate countertops, and linoleum flooring, suggesting no significant renovations in the past 50 years. While no bathroom images are provided, it's highly probable they are in a similar condition. The property description and analysis explicitly highlight the 14.4 acres and its potential for building a custom estate, multi-home compound, or ranch, stating the existing 1962-built home 'may be outdated and not align with the vision... potentially requiring significant renovation, demolition.' The presence of numerous dilapidated outbuildings further reinforces that the value lies almost solely in the land, and the existing structures are considered candidates for demolition or complete overhaul rather than renovation.
Year Built
1962
Close
-
List price
$4.8M
Original List price
$5.5M
Price/Sqft
$2,258
HOA
-
Days on market
-
Sold On
-
MLS number
V1-29390
Home ConditionTear down
Features
Excellent View: Mountain(s)
Patio
ViewMountain(s)
About this home
A truly rare opportunity to own approximately 14.4 acres across five separate parcels in a private and peaceful setting. Whether you're dreaming of building a custom estate, creating a multi-home family compound, or establishing your own ranch or equestrian property, this expansive offering provides the space, flexibility, and potential to bring your vision to life.This is one of the few opportunities in the area where you can enjoy the privacy and scale of rural living, while still being close to everyday conveniences. The land is flat to gently sloping, offering an ideal canvas for a wide variety of residential possibilities.APNs included in the sale:614-0-010-065, 614-0-010-075, 614-0-010-085, 614-0-010-205, 614-0-010-195.Build your legacy here--opportunities like this don't come around often.
Condition Rating
Tear down
The property was built in 1962, making it over 60 years old. The kitchen, as seen in the images, features extremely dated wood cabinets, laminate countertops, and linoleum flooring, suggesting no significant renovations in the past 50 years. While no bathroom images are provided, it's highly probable they are in a similar condition. The property description and analysis explicitly highlight the 14.4 acres and its potential for building a custom estate, multi-home compound, or ranch, stating the existing 1962-built home 'may be outdated and not align with the vision... potentially requiring significant renovation, demolition.' The presence of numerous dilapidated outbuildings further reinforces that the value lies almost solely in the land, and the existing structures are considered candidates for demolition or complete overhaul rather than renovation.
Pros & Cons
Pros
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 627264, living area = 2125.
Expansive Land & Development Potential: A rare opportunity to own approximately 14.4 acres across five separate parcels, offering vast potential for building a custom estate, multi-home family compound, ranch, or equestrian property.
Privacy & Rural Ambiance: The property is situated in a private and peaceful setting, providing the scale of rural living while still being conveniently close to everyday amenities.
Versatile Topography: The land is described as flat to gently sloping, presenting an ideal and flexible canvas for a wide variety of residential and development possibilities.
Multiple Parcels: Comprising five distinct Assessor's Parcel Numbers (APNs), this offers significant flexibility for future subdivision, phased development, or individual sale of parcels.
Mountain Views: The property boasts desirable mountain views, enhancing its aesthetic appeal and overall desirability for potential homeowners.
Cons
Development Costs & Complexity: Realizing the full potential of 14.4 acres across multiple parcels will require substantial capital investment, extensive planning, permitting, and construction, which can be a lengthy and complex process.
Existing Structure Condition/Relevance: The existing 1962-built 2,125 sqft home may be outdated and not align with the vision for a new custom estate, potentially requiring significant renovation, demolition, or being a secondary consideration to the land's value.
Unspecified Infrastructure/Utility Status: The listing does not detail the availability or capacity of essential utilities (water, sewer, electricity, gas) for developing multiple parcels, which could lead to significant unforeseen costs and delays.