4477 Hempstead Street, Simi Valley, California 93063, Simi Valley, 93063 - 3 bed, 2 bath
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Simi Valley, California 93063
This Value-Add Ranch Residence is listed at $799,950, positioned well below the $805,792 Fair Market Value by 1%. While the property maintains a Condition Rating of 4 due to its original 1964 interior, it offers a robust foundation with updated windows and a massive 11,761 Sq. Ft. Lot featuring RV Access potential. Located in the sought-after Texas Tract near Big Springs Elementary, the expansive yard and mountain views provide significant lifestyle upside. This is an ideal opportunity for Owner-Occupants looking to build equity or Value-Add Investors seeking a high-utilization asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4477 Hempstead Street Subject | $799,950* List Price | 3 | 2 | 1,434 | $562 | - |
A 2945 Dalhart Avenue Sold | $875,000 | 3 | 3 | 1,515 | $578 | 0.9 mi |
B 3008 Cisco Court Sold | $825,000 | 3 | 2 | 1,434 | $575 | 0.8 mi |
C 3194 Granville Avenue Sold | $799,900 | 3 | 2 | 1,446 | $553 | 0.5 mi |
D 3235 Amarillo Avenue Sold | $780,000 | 4 | 2 | 1,752 | $445 | 0.4 mi |
E 3005 Mineral Wells Sold | $860,000 | 3 | 2 | 1,434 | $600 | 0.8 mi |
F 3083 Dalhart Avenue Sold | $815,000 | 3 | 2 | 1,427 | $571 | 0.7 mi |
G 4591 Hempstead Street Pending | $775,000 List Price | 4 | 2 | 1,708 | $454 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property is well-maintained but reflects its 1964 build date with many original or dated features. The kitchen is significantly outdated with older wood cabinetry, tile countertops, and vintage-style appliances. Interior spaces feature popcorn ceilings, wood paneling, and older carpeting. While the bathroom vanities have been updated with modern stone counters, the overall home requires cosmetic modernization to meet current market standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 11761, living area = 1434.
The property sits on a generous 11,761 sqft lot featuring possible RV access and an extended garage, providing ample space for outdoor entertaining, expansion, or ADU potential.
Ideally situated in the desirable Texas Tract, the home is within walking distance to Valley View Middle School and Big Springs Elementary, offering high convenience for families.
Built in 1964 and marketed as an 'opportunity to make it your own,' the home likely requires cosmetic updates and modernizing to meet current buyer expectations.
With 1,434 square feet of living space, the interior may feel small for buyers looking for a larger modern footprint, despite the expansive size of the surrounding lot.
Great opportunity to make this home your own! This well maintained single story ranch style home offers comfort and potential, featuring a spacious lay out, fireplace, updated windows, and large backyard perfect for entertaining, gardening, or future expansion. Ideally located in the desirable Texas Tract, close to schools, parks, and local amenities. Possible RV access and additional area that makes an extended garage. Peak a boo view of the mountains from the front looking across Simi Valley, this home has great location!
No exterior & parking available.
Grades K-6 • 0.4 mi
Grades 6-8 • 0.3 mi
Grades 9-12 • 1.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,434 | 1,727 | 28% |
| Lot Size | 11,761 | 6,969 | 87% |
| Price | $800.0K | $849.8K | 31% |
| Price per sq ft | $558 | $491 | 71% |
| Built year | 1964 | 1973 | 25% |
| HOA | $0 | $0 | 50% |
| Days on market | 27 | 167 | 1% |
Mar 26, 2026
$799,950
Initial Listing