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Huge opportunity in Simi Valley! This 3-bedroom, 3½-bath multilevel home offers approximately 3,440 sq ft of living space and sits on an expansive 15,725 sq ft lot stretching lengthwise along Alamo Street, creating incredible potential for homeowners, investors, or developers alike. This property is a fantastic fixer opportunity for someone looking to renovate and truly make a home their own. As you enter, you're welcomed by what was once a beautiful water fountain feature, now a glass enclosure that allows abundant natural sunlight into the home, along with an impressive large fireplace that creates a dramatic focal point. The spacious layout includes a dining area and separate den, offering space for entertaining, relaxing, or reimagining the layout to suit modern living. The home features a functional multilevel layout, with one upstairs bedroom offering an ensuite bathroom and a convenient half bathroom, while two downstairs bedrooms each feature their own ensuite bathrooms, providing privacy and flexibility for a variety of living arrangements. The large backyard pool offers the opportunity to create an amazing outdoor retreat, perfect for entertaining or enjoying Southern California living. The property also features a garage and extended driveway, offering ample parking. With its substantial lot, buyers may wish to explore opportunities under California SB9 regulations, which may allow additional residential units or a lot split while maintaining residential use. The property may also offer potential for expansion or redevelopment, subject to buyer verification with the City of Simi Valley regarding zoning, SB9 eligibility, and development options. Conveniently located near Highway 118 with access to Highway 23 and Interstate 5, providing connectivity throughout Ventura County, the San Fernando Valley, and Los Angeles County. Located near major healthcare facilities including Adventist Health Simi Valley Hospital and Kaiser Permanente Simi Valley Medical Offices, as well as employers such as Amgen, Simi Valley Town Center, Moorpark College, and surrounding employment hubs. Close proximity to shopping, dining, parks, and community amenities adds long-term value and convenience. Whether you're an investor searching for your next project, a builder exploring development potential, or a buyer ready to transform a fixer into something special, this property offers exceptional upside and long-term potential. Property is being sold as-is.
Listing agent: Tisha Janigian DRE #01970391 tisha@sheishoperealty.com, Listing office: She Is Hope Realty
MLS data updated 10/17/2026, 12:22:06 AM PT
Source: CRMLS, MLS #: SR26092251
Belmont insights
Compare recorded home prices, same-type ZIP sales and mortgage rates.
Sep 9, 2026
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This home · nearest recorded event
$879,800Asking price recorded · Sep 9, 2026ZIP 93063 · Sep 2026
No monthly averageAt least 3 eligible sales in this month are required.30-year fixed mortgage benchmark
No weekly rateNo published rate within 7 days of this date.No recorded sales in this range. Select All available for older records; missing records do not mean the home never sold.
ZIP averages use publicly displayable closed sales from our licensed MLS feed, matched to the same ZIP and exact property type. Months with fewer than 3 sales are omitted; the current month is incomplete. Lines connect available monthly observations across gaps and do not represent measured prices in missing months. These averages are not adjusted for size, condition, or location within the ZIP, and are not an appraisal. Feed coverage may not include every sale. All available shows the available home and ZIP history, with mortgage rates over the same dates.
Mortgage benchmark: Freddie Mac Primary Mortgage Market Survey®. © Freddie Mac. Weekly national 30-year fixed rates, not APRs or a loan quote. Actual terms vary. Methodology changed in November 2022. The chart does not establish that interest-rate changes caused a home’s price changes.
Lines connect recorded asking and sale prices. They are visual guides, not estimates of the home’s value between those dates.
No earlier records were returned by our current sources. This does not mean the home has never sold.
MLS records may be incomplete. Earlier asking prices are not sale prices.