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.