3941 Walnut Avenue, Simi Valley, California 93063, Simi Valley, 93063 - 4 bed, 2 bath
3941 Walnut Avenue
Simi Valley, California 93063
Property Price
SUMMARY
Analysis of 3941 Walnut Avenue, Simi Valley, California 93063 is currently available with a list price of $4,799,000. The property maintains a Tear down Condition Rating (10/100), reflecting significant deferred maintenance. This property is best suited for experienced investors or developers prepared for substantial renovation work. Located in a high-demand neighborhood within the Simi Valley Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Condition Analysis
OVERALL CONDITION SCORE
Property is land value only, full reconstruction required.
The property was built in 1962 (over 50 years ago) and shows no evidence of major renovations in the past 50 years. The kitchen features extremely dated light wood cabinets, laminate countertops, and old flooring, indicating a complete lack of modern updates. While no bathroom images are provided, the kitchen's condition strongly suggests similar outdatedness. The listing description itself emphasizes the 14.4 acres of land and its potential for building a custom estate or multi-home compound, rather than highlighting the existing 2125 sqft residence. The presence of dilapidated outbuildings further supports that the value lies in the land for redevelopment, making the existing structure a tear-down candidate.
PROSSTRENGTHS & OPPORTUNITIES
- 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 offering of approximately 14.4 acres, providing vast potential for a custom estate, multi-home family compound, ranch, or equestrian property.
- Multi-Parcel Offering
Comprised of five separate parcels, offering flexibility for future development, subdivision, or diverse land use strategies.
CONSRISKS & DEFICIENCIES
- High Investment Threshold
The list price of $4.799 million represents a significant financial commitment, potentially narrowing the pool of prospective buyers.
- Significant Development Costs & Planning
Realizing the full potential of this expansive property (e.g., building a custom estate or compound) will require substantial additional investment in construction, permits, and complex planning.
- Recent Price Reduction
The property has undergone a notable price reduction from its original listing, which may suggest previous market resistance or an initial overvaluation.
About 3941 Walnut Avenue
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.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1962
- Lot Size
- 627,264 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 2,125 | 1,823 | 67% |
| Lot Size | 627,264 | 7,405 | 99% |
| Price | $4.80M | $847.0K | 99% |
| Price per sq ft | $2.3K | $472 | 99% |
| Built year | 1962 | 1973 | 12% |
| HOA | $0 | $0 | 50% |
| Days on market | 324 | 186 | 98% |
Pricing History
Listed for Sale
Aug 12, 2025
$4,799,000
$5,499,000
-13% Price Drop
Initial Listing
Price Change
Apr 17, 2025
$5,499,000
Initial Listing