4759 Cochran Street, Simi Valley, California 93063, Simi Valley, 93063 - 4 bed, 3 bath

4759 Cochran Street, Simi Valley, California 93063 home-pic-0
ACTIVE$1,599,000
4759 Cochran Street, Simi Valley, California 93063
4Beds
3Baths
1,271Sqft
45,171Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Development Potential: Zoned RMOD5.1FC with potential to build up to 10 residential units, offering significant development opportunities.
Top Cons:
Year Built: Built in 1952, the existing structure may require significant upgrades or renovations to meet modern standards.

Compared to the nearby listings

Price:$1.60M vs avg $846.0K (+$753,000)96%
Size:1,271 sqft vs avg 1,812.5 sqft17%
Price/sqft:$1.3K vs avg $47999%

More Insights

Built in 1952 (73 years old).
Condition: The listing states the property has been fully updated throughout. The images show remodeled kitchens and bathrooms with modern fixtures and finishes. The flooring and lighting have also been updated. While the property was built in 1952, the extensive renovations suggest a 'good' condition score.
Year Built
1952
Close
-
List price
$1.6M
Original List price
$1.6M
Price/Sqft
$1,258
HOA
-
Days on market
-
Sold On
-
MLS number
SR25136812
Home ConditionGood
Features
Good View: Neighborhood, None
Pool
Patio
View-

About this home

ATTENTION BUILDERS! ATTENTION IVESTORS!! ATTENTION DEVELOPERS!!! Zoned RMOD5.1FC with the potential to build up to 10 residential units. Over 1 acre of completely flat usable land located in one of the most sought after areas of East Simi Valley. A true compound w/incredible potential. Privately gated w/its own long private driveway (newly paved), multiple outbuildings/parking, storage, and a charming single-story pool home that has been fully updated throughout. With 4 bedrooms and 3 bathrooms this rare property is a great potential source of income while waiting to get permits to build. Offering 4 bedrooms (3 separate entrances w/multiple living areas, 2 remodeled kitchens, remodeled bathrooms, recessed LED lighting, new light fixtures and new flooring throughout. The exterior grounds offers a sparkling pool and lounge area that is privately gated. The rest of grounds is a complete flex space that is perfectly flat, and ready for your imagination and creativity. With multiple properties being developed in the area, this incredible opportunity is waiting just for you. Close to schools, shopping, restaurants, parks, 118 Freeway access, and family entertainment, this magnificent property is truly a must see. Hurry don't wait !

Condition Rating
Good

The listing states the property has been fully updated throughout. The images show remodeled kitchens and bathrooms with modern fixtures and finishes. The flooring and lighting have also been updated. While the property was built in 1952, the extensive renovations suggest a 'good' condition score.
Pros & Cons

Pros

Development Potential: Zoned RMOD5.1FC with potential to build up to 10 residential units, offering significant development opportunities.
Large Flat Lot: Over 1 acre of completely flat, usable land, providing ample space for various development or recreational uses.
Prime Location: Located in a sought-after area of East Simi Valley, close to schools, shopping, restaurants, parks, and the 118 Freeway.
Income Potential: The existing 4-bedroom home can serve as a source of income while permits for new construction are being obtained.
Updated Home: The existing single-story pool home has been fully updated throughout, including remodeled kitchens and bathrooms.

Cons

Year Built: Built in 1952, the existing structure may require significant upgrades or renovations to meet modern standards.
Small Living Space: The existing house is only 1271 sqft, which is small compared to the lot size and may not appeal to all buyers.
Unknown Condition: While updated, the overall condition of the property and its systems (plumbing, electrical) is not explicitly stated and may require inspection.

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