923 Pacific Avenue, Simi Valley, California 93065, Simi Valley, 93065 - 2 bed, 2 bath
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923 Pacific Avenue
Simi Valley, California 93065
ACTIVE
CONDITION: EXCELLENT
2Beds
2Baths
988Sq Ft
4,356Lot Size
Property Price
LIST PRICE$869,000
EST. MARKET VALUE
$728,468
19% AboveMARKET VALUE
SUMMARY
This High-Potential Investment Opportunity is listed at a List Price of $869,000, which is positioned above the $728,468 Fair Market Value. While the price reflects a premium, the property features a Condition Rating of 2 following a complete, modern remodel. Key assets include 56' X 14' Gated RV Access, a 24' X 12' Outbuilding, and significant ADU Expansion Potential. This turnkey vintage cottage is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a versatile property with substantial utility and long-term development upside.
Estimated Market Value
$728,468
Based on Realkey algorithm analyzing recent comparable sales in Simi Valley.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
Property underwent a complete recent remodel including a new kitchen with modern cabinets and countertops, updated bathrooms, and full system upgrades including electrical panel, plumbing, tankless water heater, and split HVAC units.
PROSSTRENGTHS & OPPORTUNITIES
- Comprehensive Modernization
Despite its 1920 vintage charm, the home features a complete top-to-bottom remodel including updated electrical, plumbing, insulation, and dual-pane windows, offering the peace of mind of a new build.
- Exceptional RV & Storage Facilities
The property boasts a massive 56' x 14' paved and gated RV access alongside a substantial 24' x 12' outbuilding, providing rare utility for hobbyists or significant vehicle storage.
- ADU & Expansion Potential
The lot is specifically noted for its capacity to accommodate an Accessory Dwelling Unit (ADU), offering significant value-add potential for rental income or multi-generational living.
CONSRISKS & DEFICIENCIES
- Limited Interior Square Footage
With only 988 square feet of living space to accommodate two bedrooms, two bathrooms, and a den, the interior layout may feel constrained for buyers seeking spacious common areas.
- Premium Price Point
At a list price of $869,000 for under 1,000 square feet, the property commands a high price per square foot that may challenge market comparisons in the Simi Valley area.
About 923 Pacific Avenue
This 2 bedroom 2 bath plus den vintage cottage style home has features galore. It has a complete remodel with full insulation, drywall, plumbing electrical panel upgrade tank less water heater all new dual pane windows, new kitchen with all new cabinets countertops and fixtures. Not to mention new bathrooms, and two window split air conditioners /heaters. Enjoy a cool beverage or your morning coffee on the expansive and private 25' X 6 ' walk up front porch. Other features include 56' X 14' Paved gated RV access. 24' X 12' out building. Shady rear patio is 29 X 7'. Concrete walkway surrounds entire home. Lots of shade lots of fruit trees. Perfect for bed and breakfast. Lot has room for ADU .
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1920
- Lot Size
- 4,356 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 4.0 |
| Baths | 2.0 | 2.3 |
| Square foot | 988 | 1,764.918 |
| Lot Size | 4,356 | 7,506.335 |
| Price | $869.0K | $856.9K |
| Price per sq ft | $880 | $487 |
| Built year | 1920 | 1970 |
| HOA | $0 | $164 |
| Days on market | 64 | 50 |
Pricing History
Listed for Sale
Aug 21, 2026
$869,000
Initial Listing
Sold
Dec 13, 1991
$108,000
Public Record