
Simi Valley, California 93063
This Value-Add Single-Family Residence is a High-Potential Investment Opportunity, listed at $749,950—positioned well below the $776,467 Fair Market Value by 3%. This valuation gap offers $26,517 in Instant Equity for buyers. While the home has a Condition Rating of 4 due to its dated 1965 interior, it features critical infrastructure upgrades including dual-pane windows, central HVAC, and a tankless water heater. Boasting Santa Susana Mountain views and a large 7,405 sq. ft. lot with RV parking, this property is a prime acquisition for Owner-Occupants looking to build wealth or Value-Seeking Buyers ready to modernize a functional asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 6664 Tapley Street Subject | $750,000 | 4 | 2 | 1,554 | $489 | - |
A 2178 Cheam Avenue Sold | $820,000 | 3 | 2 | 1,428 | $574 | 0.3 mi |
B 2090 Ardenwood Avenue Sold | $822,000 | 3 | 2 | 1,349 | $609 | 0.2 mi |
C 2249 St Clair Avenue Sold | $895,100 | 4 | 2 | 1,891 | $473 | 0.9 mi |
D 6452 Hazel Circle Active | $839,900 List Price | 3 | 2 | 1,486 | $565 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1965, the home is functional but significantly dated, featuring an older kitchen with oak cabinetry and tile countertops, popcorn ceilings, and worn carpeting. While it boasts some updated systems like a tankless water heater, central HVAC, and dual-pane windows, the primary living areas and baths are likely 25-30+ years old and require modernization.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7405, living area = 1554.
The property features a spacious backyard with stunning views of the Santa Susana Mountains, a large covered patio, and potential RV parking, perfect for outdoor entertaining.
The home is equipped with valuable modern upgrades including dual-pane windows throughout, a tankless hot water heater, and central air conditioning, reducing immediate capital expenditure.
The repeated mention of 'potential' and 'future updates' suggests the 1965 interior, including tile countertops and older cabinetry, requires a cosmetic overhaul to meet modern standards.
The assigned elementary and middle schools carry modest ratings (4 and 5 respectively), which may be a drawback for families prioritizing top-tier educational performance.
Located in wonderful scenic East Simi! Great opportunity with so much potential! This 4-bedroom, 2-bath home offers a spacious and functional layout with an open kitchen featuring tile flooring, tile countertops, 5-burner gas range, double oven, dishwasher, pantry, and recessed lighting. The kitchen flows into a bright dining/family area with natural light, creating an ideal space for future updates. The living room includes a tile accented fireplace with an oak mantle & a raised hearth. Additionally, there is recessed lighting, and a dual-pane sliding glass door leading to the backyard & covered patio. Dual-pane windows throughout & a 2nd dual pane glass slider in bedroom #1. Crown molding in the family room/dining area & the living room. The primary suite offers a mirrored wardrobe closet and an attached ¾ bath with tile shower. Secondary bedrooms with ample closet space. The home’s layout presents a great opportunity for upgrades. Situated on a lot with a backyard that includes a large covered cement patio, a raised patio with decorative mosaic detail, and a view of the Santa Susana Mountains. The yard is enclosed with vinyl and block walls, and includes a storage shed. Additional features include a cement driveway with possible RV parking, a 2-car garage, with direct access and it also has a workshop area. Includes central air, forced air heating & a tankless hot water heater. Conveniently located near Foothill Park, offering green space, a playground, a basketball court, and picnic areas. The neighborhood provides easy access to local amenities.
No exterior & parking available.
Grades K-6 • 0.6 mi
Grades 6-8 • 3.3 mi
Grades 9-12 • 1.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,554 | 1,756 | 37% |
| Lot Size | 7,405 | 6,969 | 51% |
| Price | $750.0K | $870.0K | 18% |
| Price per sq ft | $483 | $485 | 50% |
| Built year | 1965 | 1976 | 29% |
| HOA | $0 | $0 | 50% |
| Days on market | 44 | 135 | 2% |
May 1, 2026
$749,950
Initial Listing
Dec 31, 1998
$213,500
Public Record