Unlock Exceptional Potential! Expansive 5-Bedroom Residence with ADU Versatility in Desirable "The Groves," Simi Valley. Discover a rare opportunity with this spacious 5-bedroom, 3-bathroom home, with a large lot strategically located in the heart of Simi Valley within the sought-after "The Groves" community, poised for transformation and investment. Featuring a unique step-down living room, a newer kitchen with updated appliances, and durable laminate flooring. The layout includes a combination of raised foundation/slab construction, a 2-car garage, and dual RV access, catering to diverse needs. A rare find in California — this property includes a basement! A permitted bonus room with potential to convert into an ADU- presents immediate potential for rental income or multi-generational living, with an additional 4th bathroom in the attached unit. The generous lot size further allows for the addition of a standalone ADU, maximizing your investment. Close to the 118 Frwy with just 2 minutes away! Enjoy unparalleled convenience with the proximity of walking distance to shopping, dining, Regal Cinemas, and the vibrant Rancho Tapo Community Park (Lemon Park), featuring Veterans Plaza, picnic areas, and sports facilities. Situated near the police station, this location offers both security and accessibility. Notably, this property offers the advantage of NO HOA fees. Don't miss this chance to customize a property with limitless potential in a prime Simi Valley location. Schedule your private showing today!