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2874 School Street — Simi Valley — 2 Beds • 1 Bath • 1,023 Sq Ft | Belmont Brokerage | Belmont Brokerage

Active

+43 more

$795,000

3 DOM

$777/sqft2 bd1 ba1,023 sqft

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2874 School St Simi Valley, CA 93065

22,215sqft lot

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.

MLS 226001666

(805) 579-1116 (Office) (818) 823-7443 (Cell) BHGRETownCenter@gmail.com

Est. payment

$5,080/mo

Principal & interestTaxesInsurance

$4,020$828$232

Down %

Rate %

Years

Down payment: $159,000 · Total cost: $1,606,183

Mortgage vs rent

Compare estimated owner carrying cost (same loan math as above) to a gross rent estimate from a price-based multiplier (not a comp lease).

Est. carrying cost$5,080/mo

Principal & interest: $4,020
Est. property tax: $828
Est. insurance: $232
Down payment: $159,000

Est. gross rent$3,313/mo

Gross rent ≈ list price ÷ (20 × 12). Adjust the multiplier to match how you underwrite (typical investor GRM bands are often ~16–24 for SFR, market-dependent).

Rent − carrying cost (illustrative)$-1,767/mo

Down payment20%

6.5% APR, 30-year amortization — same P&I formula as the payment calculator above.

Gross rent multiple (annual)20×

Not financial advice. Mortgage uses standard amortizing P&I; taxes and insurance are rough California-style estimates (1.25% / yr tax, 0.35% / yr insurance). Rent is gross (no vacancy or management); actual market rent requires comps or a lease listing.

Virtual Tour

Explore 3D Space

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Price History

Event	Date	Price	Change
Listed	Apr 11, 2026	$795,000	—

Facts & Features

Transaction Data

Structure & Property

Year Built1925

(805) 579-1116 (Office) (818) 823-7443 (Cell) BHGRETownCenter@gmail.com

Sale & Tax History

No Recent Sales History

We didn't find any closed transactions for this property in the last 5 years.

Location

2874 School Street, Simi Valley, CA 93065

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2874 School St Simi Valley, CA 93065

About this home

Susan Featherly

Est. monthly payment

Mortgage vs rent

Virtual Tour

Price History

Facts & Features

Transaction Data

Structure & Property

Susan Featherly

Sale & Tax History

No Recent Sales History

Location

Location

Listing Agent

Presented by Belmont Brokerage Inc.

2874 School Street, Simi Valley, CA 93065

About This Property

Property Photos

2874 School St Simi Valley, CA 93065

About this home

Susan Featherly

Est. monthly payment

Mortgage vs rent

Virtual Tour

Price History

Facts & Features

Transaction Data

Structure & Property

Susan Featherly

Sale & Tax History

No Recent Sales History

Location

Location

Listing Agent

Presented by Belmont Brokerage Inc.