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

home-pic
ACTIVE$4,799,000
3941 Walnut Avenue, Simi Valley, California 93063
0Bed
0Bath
Sqft
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
V1-29393
Home ConditionTear down
Features
Good View: Mountain(s)
ViewMountain(s)

About this home

Outstanding development opportunity--this 14.4-acre offering spans five legal parcels and is perfectly suited for a wide range of residential or mixed-use projects. Whether you're envisioning a single-family developement, a multi-family development, or something uniquely tailored to your investment goals, the size, layout, and location of this property offer tremendous potential. Zoning and density to be verified by buyer, but the land lends itself well to a variety of configurations and future uses. With multiple APNs and flexible access points, this is a rare chance to acquire a development-ready footprint with scale. 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. Don't miss the opportunity to secure a strategic land portfolio in a desirable area, with long-term upside and multiple exit strategies.

Price History

Date
Event
Price
08/12/25
Price Change
$4,799,000-12.7%
04/16/25
$5,499,000
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (167 Listings)
Beds04
Baths02
Square foot01,816
Lot Size627,2647,405
99%
Price$4.8M$847K
99%
Price per square foot$0$471
Built year19629860986
11%
HOA
Days on market203154
76%
Condition Rating
Tear down

The property was built in 1962, making it 62 years old. The MLS description explicitly markets this as an 'Outstanding development opportunity' focusing on the 14.4-acre land and its potential for residential or mixed-use projects. Crucially, there are no interior images of the house (kitchen, bathroom, etc.) provided, which strongly suggests the existing structure is not considered a valuable asset or is in unlivable condition. The property's value is clearly based on the land and its redevelopment potential, aligning with the 'Tear-down' criteria.
Pros & Cons

Pros

Large Development Acreage: The expansive 14.4-acre lot (627,264 sq ft) provides significant scale and flexibility for large-scale development projects.
Versatile Development Potential: Explicitly marketed as an 'outstanding development opportunity' suitable for a wide range of residential or mixed-use projects, including single-family and multi-family.
Multiple Legal Parcels: Comprising five distinct legal parcels (APNs), offering strategic advantages for phased development, financing, and potential future subdivision.
Flexible Access Points: The presence of flexible access points enhances the property's utility and design options for future development layouts.
Desirable Location with Upside: Situated in a desirable area of Simi Valley, offering long-term upside potential and multiple exit strategies for investors.

Cons

Unverified Zoning and Density: The critical need for the buyer to verify zoning and density introduces uncertainty and potential limitations on development scope.
High Capital Investment & Development Costs: Developing a 14.4-acre site requires substantial capital outlay for acquisition, infrastructure, and construction, along with associated soft costs.
Complex Permitting & Entitlement Process: Large-scale land development typically involves a lengthy, complex, and potentially costly permitting and entitlement process with local authorities.

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