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$ 6,450,000
Est. payment /mo
New
1690 E Hillcrest DR Thousand Oaks, CA 91362
0.63 Acres Lot
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Subdivision Hillcrest Terrace-570
MLS Listing ID V1-38160
HOA Y/N No
Year Built 1963
Lot Size 0.632 Acres
Property Description
1690 E Hillcrest Dr, 'Oak Manor Apartments,' is a wellmaintained 20-unit apartment complex in the highly desirable, low turnover sale marketplace of Thousand Oaks. Built in 1963,the property offers a diverse unit mix of (6) 2BD/1BA units, (13)1BD/1BA units and (1) spacious 3BD/2BA unit. Improvementsof note include dual-pane windows, copper plumbing, newer exterior paint and recent upgrades to exterior 2nd story walkways. Approximately six units have been renovated with contemporary finishes, featuring updated cabinetry, quartz countertops, stainless steel sinks, luxury vinyl plank flooring,upgraded electrical subpanels, and split system HVAC systems. Each unit is separately metered for electricity and there are twowater heaters that draw power from solar panels to help offset utility costs. Additional amenities include an onsite laundryfacility with leased equipment on mo/mo agreement, tuck-under and open parking, and well-maintained common areas. Threeunits to be delivered vacant, providing an immediate value-add opportunity for a new owner to lease the units at market rents.Ideally situated near major employment centers, shopping, dining, and highly regarded schools including North Ranch ShoppingCenter, Oaks Corporate Center, Colina Middle School, and Oaks Christian School. Oak Manor Apartments is well positioned to benefit from the continued strength of the Thousand Oaksmultifamily market. Combining a desirable location, significant recent capital improvements, and meaningful upside through new lease-up the property represents a rare multifamily investment opportunity for the city of Thousand Oaks
Location
State CA
County Ventura
Area Toe - Thousand Oaks East
Interior
Heating Electric
Cooling None
Fireplaces Type None
Fireplace No
Laundry Laundry Room
Exterior
Parking Features Uncovered
Fence None
Pool None
Community Features Biking
View Y/N No
View None
Private Pool No
Building
Lot Description Sprinklers None
Story 2
Others
Senior Community No
Tax ID 6700210330
Acceptable Financing Conventional
Listing Terms Conventional
Special Listing Condition Standard
Listed by Nick Henry Beachside Partners #01748131
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