3941 Walnut Avenue, Simi Valley, California 93063, Simi Valley, 93063 - 0 bed, 0 bath
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Simi Valley, California 93063
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.
Property is land value only, full reconstruction required.
The property was built in 1962, making it over 60 years old. The listing description explicitly markets it as an 'Outstanding development opportunity' with the value based on the 14.4-acre land and its potential for redevelopment, rather than the existing structures. The images show a dated single-family residence and several highly dilapidated outbuildings, with no indication of recent renovations. Without interior photos, and given the age and the listing's focus, the existing structures are presumed to be beyond economical repair for modern living and are likely intended for demolition as part of any new development.
The property is explicitly marketed as an outstanding development opportunity, perfectly suited for a wide range of residential or mixed-use projects.
With 14.4 acres (627,264 sq ft), the property offers significant scale for large-scale development projects.
Spanning five legal parcels (APNs), this offering provides flexibility for phased development, diverse project components, or potential individual resale.
Zoning and density verification are explicitly stated as the buyer's responsibility, indicating potential complexity and the need for extensive due diligence.
Developing a 14.4-acre site inherently requires substantial financial resources, extensive planning, permitting, and a prolonged timeline before realization of returns.
As a development land offering, the property does not provide existing structures for immediate rental income or operational cash flow.
Outstanding development opportunity--this 14.4-acre offering spans five legal parcels and is perfectly suited for a wide range of residential or mixed-use projects. Whether you're envisioning a single-family developement, a multi-family development, or something uniquely tailored to your investment goals, the size, layout, and location of this property offer tremendous potential. Zoning and density to be verified by buyer, but the land lends itself well to a variety of configurations and future uses. With multiple APNs and flexible access points, this is a rare chance to acquire a development-ready footprint with scale. 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. Don't miss the opportunity to secure a strategic land portfolio in a desirable area, with long-term upside and multiple exit strategies.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 3.0 | 1% |
| Baths | 0.0 | 2.0 | 1% |
| Square foot | 2,125 | 1,736.5 | 73% |
| Lot Size | 627,264 | 6,969 | 99% |
| Price | $4.80M | $849.9K | 99% |
| Price per sq ft | $2.3K | $493 | 99% |
| Built year | 1962 | 1973 | 16% |
| HOA | $0 | $0 | 50% |
| Days on market | 371 | 167 | 99% |
Aug 12, 2025
$4,799,000
$5,499,000
-13% Price Drop
Initial Listing
Apr 16, 2025
$5,499,000
Initial Listing