
Simi Valley, California 93065
This Horse-Zoned Residential Property represents a High-Potential Investment Opportunity, listed at $1,369,000—positioned above the $1,321,374 Fair Market Value. While currently priced slightly above market, the property offers significant upside through its 4-Condition Rating and versatile 1-bedroom ADU conversion. The expansive 23,522 sqft lot provides rare utility, including a pool, spa, and sport court. This asset is ideal for Buy-and-Hold Investors seeking rental income or Owner-Occupants looking to leverage the ADU for multi-generational living or mortgage assistance.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 652 Stonebrook Street Subject 4 bd · 4 ba · 2,379 sqft · $536 | $1,325,000* List Price | 4 | 4 | 2,379 | $536 | - |
A 984 Oakmont Court Sold 4 bd · 3 ba · 2,379 sqft · $546 · 0.3 mi | $1,300,000 | 4 | 3 | 2,379 | $546 | 0.3 mi |
B 1320 Nonchalant Drive Sold 4 bd · 3 ba · 2,460 sqft · $512 · 0.6 mi | $1,259,000 | 4 | 3 | 2,460 | $512 | 0.6 mi |
C 670 Tranquil Lane Sold 4 bd · 2 ba · 1,711 sqft · $628 · 0.4 mi | $1,075,000 | 4 | 2 | 1,711 | $628 | 0.4 mi |
D 1278 Rambling Road Sold 3 bd · 2 ba · 1,905 sqft · $564 · 0.7 mi | $1,075,000 | 3 | 2 | 1,905 | $564 | 0.7 mi |
E 119 Forrester Court Sold 5 bd · 5 ba · 2,750 sqft · $491 · 0.6 mi | $1,349,000 | 5 | 5 | 2,750 | $491 | 0.6 mi |
F 410 Sinaloa Road Active 4 bd · 3 ba · 2,310 sqft · $562 · 0.2 mi | $1,299,000 List Price | 4 | 3 | 2,310 | $562 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1979, this property shows a mix of partial updates and original dated elements. While the kitchen features new quartz countertops, it retains older painted cabinetry and fluorescent light boxes. The bathrooms range from dated (gold fixtures and 4x4 tile) to mid-repair, with one photo showing exposed wall studs and plumbing. The home is functional but requires significant cosmetic modernization and completion of repairs to reach 'Good' condition.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 23522, living area = 2379.
Situated on a sweeping half-acre horse-zoned lot, the property features a pool, spa, private sport court, and dual RV access, offering rare recreational utility and space for Simi Valley.
The inclusion of a 1-bedroom, 1-bathroom ADU with a separate entrance provides immediate potential for rental income, guest housing, or multi-generational living.
The conversion of the three-car garage into an ADU limits traditional covered parking and storage, which may be a deterrent for car enthusiasts or large households.
While the kitchen features new quartz countertops, other elements like the 1979-style sunken tile tub and porcelain tile flooring may feel dated to buyers seeking a fully contemporary aesthetic.
Welcome to this horse zoned property that truly offers room to live, entertain, and dream. Set on a sweeping half-acre lot with a sparkling pool and spa, private sport court, two RV access gates, and a very low HOA, this unique property offers exceptional potential. Step inside to soaring volume ceilings, a beautiful curved staircase with Spanish-tile risers, and an enormous picture window that fills the living room with natural light while showcasing the front yard. The open-concept kitchen and family room create the heart of the home, featuring painted white cabinetry, new quartz countertops, a cozy brick fireplace, and a wet bar. From the family room, oversized wood double sliders open to the expansive covered patio, perfect for entertaining, relaxing, and enjoying California's indoor-outdoor lifestyle. A convenient powder room and laundry room complete the downstairs. Upstairs, you'll find three spacious bedrooms, including an impressive primary suite that has been expanded into the former fourth bedroom. The additional space currently offers a kitchenette and sitting area, creating a versatile retreat that could easily be converted back to a fourth bedroom. Just outside the primary suite, a large freshly painted balcony provides the perfect spot to soak up the California sunshine and take in the breathtaking views. The primary bath features a large walk-in closet, dual vanities, a sunken tile tub, and a separate walk-in shower. The two additional generously sized bedrooms feature beautiful white porcelain tile flooring and share a full bathroom with a shower/tub combo and dual vanity. The backyard has limitless possibilities. Enjoy the pool and spa, grill on your outdoor BBQ, tell stories around the firepit, play on your private sport court or host gatherings on the oversized patio. A large portion of the three-car garage has been thoughtfully converted into a 1-bedroom, 1-bath ADU with kitchenette and separate entrance, offering excellent flexibility for guests, extended family, or additional living space for the main home. There is also extra storage space in the garage. Prefer a full garage? The conversion can easily be returned to its original three-car configuration. With a lot this size, the possibilities are truly exciting. There is ample room to explore adding horse facilities, additional ADUs, an outdoor Casita, expand entertaining areas, and more. This is an opportunity to create the property you've been looking for. Come see what makes this one so special!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 4.0 |
| Baths | 4.0 | 2.3 |
| Square foot | 2,379 | 1,764.918 |
| Lot Size | 23,522 | 7,506.335 |
| Price | $1.32M | $856.9K |
| Price per sq ft | $557 | $487 |
| Built year | 1979 | 1970 |
| HOA | $190.0 | $164 |
| Days on market | 67 | 50 |
Sep 27, 2026
$1,325,000
$1,369,000
-3% Price Drop
Initial Listing
Aug 18, 2026
$1,369,000
Initial Listing
Mar 29, 2024
$1,290,000
Public Record
Jul 1, 2003
$20,500
Public Record
Nov 30, 2001
$535,000
Public Record