2874 School Street
Simi Valley, CA, 93065
$795,000
MLS: 226001666
Beds
2
Baths
1
Sq Ft
1,023
Lot
0.51 ac
Year Built
1925
MLS #
226001666
Days on Market
4
Listed
Apr 11, 2026
Description
Welcome to this Contractors Dream over 1/2 acre (22,215 sq ft flat) zoned for 3 homes.Location is Central Simi Valley. Existing home is rented for $1750 a month. Tennant would like to stay.This delightful but older 2-bedroom plus 1 bathroom home is listed for $795,000. Perfectly located in Friendly neighborhood, this gem offers incredible potential. Sewers are in and connected. Recent Survey available.Close to shopping, schools and parks.
Location
Simi Valley, Ventura County, CA 93065
Open on Google Maps ↗Listed by: Susan Featherly · Better Homes and Gardens Real Estate Town Center
Payment estimate
$5,822
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $79,500 · Loan: $715,500
- Principal & Interest
- $4,396
- Property tax (1.25%)
- $828
- Homeowners insurance
- $300
- Mortgage insurance
- $298
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 $27,825 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.
Similar Homes Nearby
Active and pending listings in ZIP 93065 (Simi Valley) within ±10% of this home's price and size.
$719,999
1838 Amberleaf Lane
Simi Valley, 93065
$725,000
1104 Cavalier Avenue
Simi Valley, 93065
$735,000
2077 Sebring Court
Simi Valley, 93065
$749,000
2089 Abraham Street
Simi Valley, 93065
$769,950
2353 Bryson Place
Simi Valley, 93065
$774,950
2325 Wisteria Street
Simi Valley, 93065
Local Market Stats
See Simi Valley, CA 93065 market trends →
Median sold price, days on market, active inventory, price brackets, and 12-month trends — pulled live from the MLS.
★#1 Producing Individual Realtor — Antelope Valley
Only large teams outsell Mike Watson · Keller Williams Realty
Free Buyer & Seller Tools
Net Sheet Calculator
Estimate how much you'll walk away with after selling. Covers commissions, closing costs, and loan payoff.
Property Comparison
Compare 2–3 properties side-by-side — equity, monthly payment, cash to close, and DTI — all in one infographic.
Drive Time Calculator
Check commute times from this address to work, school, or anywhere else before you commit.
Buyer Cost Sheet
Estimate your total closing costs as a buyer — lender fees, title, escrow, and prepaids — before you write an offer.