3941 Walnut Avenue, Simi Valley, California 93063, Simi Valley, - bed, bath

home-pic
ACTIVE$4,799,000
3941 Walnut Avenue, Simi Valley, California 93063
4Beds
2Baths
2,125Sqft
627,264Lot
Year Built
1962
Close
-
List price
$4.8M
Original List price
$5.5M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
V1-29390
Home ConditionTear down
Features
Excellent View: Mountain(s)
ViewMountain(s)

About this home

A truly rare opportunity to own approximately 14.4 acres across five separate parcels in a private and peaceful setting. Whether you're dreaming of building a custom estate, creating a multi-home family compound, or establishing your own ranch or equestrian property, this expansive offering provides the space, flexibility, and potential to bring your vision to life.This is one of the few opportunities in the area where you can enjoy the privacy and scale of rural living, while still being close to everyday conveniences. The land is flat to gently sloping, offering an ideal canvas for a wide variety of residential possibilities.APNs included in the sale:614-0-010-065, 614-0-010-075, 614-0-010-085, 614-0-010-205, 614-0-010-195.Build your legacy here--opportunities like this don't come around often.

Price History

Date
Event
Price
08/12/25
Price Change
$4,799,000-12.7%
04/17/25
$5,499,000
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (167 Listings)
Beds44
50%
Baths22
50%
Square foot2,1251,816
70%
Lot Size627,2647,405
99%
Price$4.8M$847K
99%
Price per square foot$2,258$471
99%
Built year19629860986
11%
HOA
Days on market202154
76%
Condition Rating
Tear down

The property was built in 1962, making it 62 years old. The images, particularly the kitchen, show extremely outdated features (original-style wood cabinets, old countertops, dated flooring, and light fixtures) suggesting no significant renovations in over 50 years. Furthermore, the property description heavily emphasizes the 14.4 acres of land and its potential for building a 'custom estate' or 'multi-home family compound,' implying the existing structure is not the primary value and is likely intended for demolition or extensive redevelopment. Several outbuildings are also visible in a state of severe disrepair, reinforcing the idea that the value lies solely in the land.
Pros & Cons

Pros

Expansive Acreage & Multi-Parcel Offering: The property spans approximately 14.4 acres across five separate parcels, providing exceptional flexibility and scale for diverse development visions.
Significant Development Potential: Marketed as an 'ideal canvas,' the vast land is perfectly suited for building a custom estate, a multi-home family compound, or an equestrian/ranch property.
Private & Peaceful Setting: Offers a highly desirable private and tranquil rural environment, a premium feature for large land holdings in the area.
Favorable Topography: The land is described as 'flat to gently sloping,' which significantly simplifies construction and reduces potential site preparation costs.
Strategic Location Balance: Combines the benefits of expansive rural living with convenient access to everyday amenities, offering a unique lifestyle proposition.

Cons

High Capital Investment Required: The $4.799M list price, coupled with substantial additional costs for development (permits, infrastructure, new construction/demolition), demands a significant financial commitment.
Niche Buyer Pool & Extended Sales Cycle: This unique development opportunity appeals to a very specific market segment, potentially leading to a longer marketing and sales period compared to standard residential homes.
Development Complexity & Timeline: Realizing the property's full potential involves navigating complex zoning, permitting processes, and extensive construction, requiring considerable time and effort from the buyer.

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