951 Vallejo Avenue, Simi Valley, California 93065, Simi Valley, 93065 - 2 bed, 2 bath
ACTIVE$775,000$1,000/sqft
951 Vallejo Avenue, Simi Valley, California 93065
2Beds
2Baths
1,000Sqft
3,484Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Renovation Potential: The property is a 'blank slate' gutted to the studs, offering an unparalleled opportunity for complete customization and value-add for contractors, investors, or developers.
Top Cons:
Extensive Renovation Required: Being 'gutted down to the studs' means the property is not habitable and demands substantial capital investment, time, and effort for a complete build-out.
Compared to the nearby listings
Price:$775.0K vs avg $574.5K (+$200,500)93%
Size:1,000 sqft vs avg 1,210.5 sqft21%
Price/sqft:$775 vs avg $43296%
More Insights
Built in 1973 (53 years old).
Condition: The property has been 'gutted down to the studs,' rendering it completely uninhabitable. It requires a full interior build-out, including all new kitchen, bathrooms, flooring, electrical, and plumbing systems. While the exterior structure appears intact, the interior condition necessitates substantial rehabilitation to make it livable.
Year Built
1973
Close
-
List price
$775K
Original List price
$499K
Price/Sqft
$775
HOA
$230
Days on market
-
Sold On
-
MLS number
226000177
Home ConditionPoor
Features
Patio
View-
About this home
Quality, space, and longevity, this single-story residence offers over 0.25 acres of land & 2,707 Sq.ft of living space. Porcelain tile and wood flooring flow through a well-proportioned layout of 4 bedrooms, 2.5 baths & a home office. This expansive property competes on land, architectural quality, and utility rather than trends, offering a fully owned solar system and PD zoning with clear ADU or expansion potential, Plus a spacious 2 car garage. The backyard serves as a private sanctuary with a variety of established fruit trees including figs, pomegranates, and wine grapes. Detached shed/workshop and an additional paved area for vehicle or equipment storage.
J
Jai Cotton
Listing Agent
Nearby schools
4/10
Crestview Elementary School
Public,•K-6•0.5mi
3/10
Berylwood Elementary School
Public,•K-6•0.9mi
5/10
Madera Elementary School
Public,•K-6•2.0mi
5/10
Hillside Middle School
Public,•6-8•0.2mi
5/10
Sinaloa Middle School
Public,•6-8•1.6mi
6/10
Royal High School
Public,•9-12•1.0mi
Price History
Date
Event
Price
03/23/01
Sold
$187,000
11/26/03
Sold
$316,500
Condition Rating
Poor
The property has been 'gutted down to the studs,' rendering it completely uninhabitable. It requires a full interior build-out, including all new kitchen, bathrooms, flooring, electrical, and plumbing systems. While the exterior structure appears intact, the interior condition necessitates substantial rehabilitation to make it livable.
Pros & Cons
Pros
Renovation Potential: The property is a 'blank slate' gutted to the studs, offering an unparalleled opportunity for complete customization and value-add for contractors, investors, or developers.
End Unit Advantage: As an end unit, it typically benefits from fewer shared walls, increased natural light, and potentially greater privacy compared to interior condominium units.
Desirable School District: Located within a district featuring several highly-rated elementary, middle, and high schools, appealing to families seeking quality education.
Reasonable Association Fees: The $230 monthly association fee is competitive for a condominium, contributing to lower ongoing ownership costs.
Strategic Location: Situated in 'Central Simi Valley,' offering convenient access to local amenities, services, and community features.
Cons
Extensive Renovation Required: Being 'gutted down to the studs' means the property is not habitable and demands substantial capital investment, time, and effort for a complete build-out.
Cash Offers Only: The requirement for cash offers significantly restricts the potential buyer pool, excluding those reliant on traditional mortgage financing.
Limited Immediate Occupancy: Due to its current condition, the property is not move-in ready, requiring a lengthy construction period before it can be occupied or generate rental income.