5888 Oak Knolls
Simi Valley, CA, 93063
$899,000
MLS: SR26042531
Beds
3
Baths
2
Sq Ft
1,598
Lot
0.13 ac
Year Built
1969
MLS #
SR26042531
Days on Market
111
Listed
Feb 26, 2026
Description
Nestled in the peaceful Knolls neighborhood of Simi Valley, this versatile property offers comfort, space, and excellent income potential. The main residence features 3 bedrooms and 2 bathrooms 1598 sqft with a spacious living area, functional kitchen with stainless steel appliances, smooth ceilings, recessed lighting, and laminate flooring. The primary suite includes dual sinks and a stone soaking tub. The lower level offers additional living spaces with separate access, providing flexibility for extended family, guests, or rental opportunities. Ideal setup to live in one portion and rent the others. Enjoy a private, low-maintenance backyard with beautiful mountain views in a quiet, established community.
Location
Simi Valley, Ventura County, CA 93063
Open on Google Maps ↗Listed by: Martiros Karamanyan · JohnHart Real Estate
Payment estimate
$6,698
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $89,900 · Loan: $809,100
Average 30-yr fixed rate 6.52% as of Jun 11, 2026 (Freddie Mac PMMS). Adjust to your quote.
- Principal & Interest
- $5,125
- Property tax (1.25%)
- $936
- Homeowners insurance
- $300
- Mortgage insurance
- $337
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 Jun 11, 2026
- 30-year fixed
- 6.52%
- 15-year fixed
- 5.84%
Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.
About the area · Mike Watson
About the Antelope Valley
The Antelope Valley spans Lancaster, Palmdale, Quartz Hill, Rosamond, Lake Los Angeles, California City, Edwards AFB, and the Plant 42 aerospace corridor. Mike Watson is a lifelong AV resident and the #1 producing individual Realtor in the region by transaction count. Every active listing on this site is paired with a free market analysis tailored to the specific street, honest financing guidance (FHA, VA, USDA, CalHFA, conventional, and assumable loans where the financing supports it), and side-by-side comparisons against the rest of the active inventory in your target ZIP.
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 $31,465 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
See Simi Valley, CA 93063 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
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