1616 Royal Avenue
Simi Valley, CA, 93065
$649,950
MLS: 226001508
Beds
4
Baths
2
Sq Ft
1,248
Lot
0.21 ac
Year Built
1962
MLS #
226001508
Days on Market
0
Listed
Apr 2, 2026
Description
Great investment opportunity! This FIXER has great potential to make it yours. 4 bedrooms, RV access, pull through garage, huge lot with plenty of room for an ADU or a pool. Close to schools & shopping. In need of repairs so bring your tools and hammer!
Location
Simi Valley, Ventura County, CA 93065
Open on Google Maps ↗Listed by: Rosemarie Garvin · RE/MAX ONE
Payment estimate
$4,815
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $64,995 · Loan: $584,955
- Principal & Interest
- $3,594
- Property tax (1.25%)
- $677
- Homeowners insurance
- $300
- Mortgage insurance
- $244
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 $22,748 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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