1534 Wallace Street
Simi Valley, CA, 93065
$759,000
MLS: SR26076467
Beds
3
Baths
2
Sq Ft
1,226
Lot
0.18 ac
Year Built
1962
MLS #
SR26076467
Days on Market
9
Listed
Apr 9, 2026
Description
Welcome to this recently updated home on a nearly 8,000 sqft lot in the heart of Central Simi Valley, offering comfort, versatility, and exciting future potential. Nestled in a quiet neighborhood, this light-filled residence has been thoughtfully refreshed with numerous upgrades, including brand-new luxury vinyl plank flooring, a new furnace and thermostat, fresh interior paint and front exterior paint, a new water heater, new lighting fixtures, and a new roof installed in 2023. Charming character details can be found throughout the home, including multiple skylights, stained glass windows, and a cozy eat-in kitchen. Two bedrooms were combined to create an expansive and unique flex space featuring two bay windows with window seats, a cozy fireplace, and a wet bar. This oversized room offers endless possibilities and can easily function as a primary suite, home office, den, media room, game room, or creative studio.The primary suite and secondary bedroom both feature French doors leading to the backyard, creating a seamless indoor-outdoor flow. Step outside to a large patio and generous pool-size backyard with beautiful mountain views, perfect for relaxing, entertaining, or hosting summer BBQs. A charming she-shed or man cave provides additional flexibility and is ideal for a workshop, gym, studio, hobby room, or private retreat. The spacious yard also offers excellent ADU potential (buyer to verify) Conveniently located near shopping, dining, parks, schools, and everyday amenities, this move-in ready home presents an exceptional opportunity in one of Central Simi Valley’s most desirable locations. ***Virtual staging and remodel concepts shown in photos***
Location
Simi Valley, Ventura County, CA 93065
Open on Google Maps ↗Listed by: Victoria Mirisch · Pinnacle Estate Properties
Payment estimate
$5,572
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $75,900 · Loan: $683,100
- Principal & Interest
- $4,197
- Property tax (1.25%)
- $791
- Homeowners insurance
- $300
- Mortgage insurance
- $285
Login required. The full tool supports FHA / VA / USDA, PMI by credit tier, lender fees, and total cash to close — with your inputs here carried over.
Today's Rates
As of Apr 23, 2026
- 30-year fixed
- 6.23%
- 15-year fixed
- 5.58%
Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.
Financing Options
FHA Financing — 3.5% Down＋
First-time and repeat buyers can purchase this Simi Valley home with as little as 3.5% down using an FHA loan — roughly $26,565 down. FHA loans feature flexible credit guidelines and government-backed rates, making homeownership accessible for buyers who haven't saved a large down payment. Seller concessions up to 6% of the purchase price are also allowed.
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Local Market Stats
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Median sold price, days on market, active inventory, price brackets, and 12-month trends — pulled live from the MLS.
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