1690 E Hillcrest Drive, Thousand Oaks, CA 91362
Local realty services provided by:ERA North Orange County Real Estate
1690 E Hillcrest Drive,Thousand Oaks, CA 91362
$5,995,000
- - Beds
- - Baths
- 14,665 sq. ft.
- Multi-family
- Active
Listed by: nick henry, jason liehr
Office: beachside partners805-626-0112
MLS#:V1-38160
Source:CRMLS
Price summary
- Price:$5,995,000
- Price per sq. ft.:$408.8
About this home
20-unit apartment complex in the highly desirable, low turnover sale marketplace of Thousand Oaks. Now offered at only 11.3 x current rents while offering real upside. 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...
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Home facts
- Year built:1963
- Subdivision & Development:Hillcrest Terrace-570
- Listing ID #:V1-38160
- Added:91 day(s) ago
- Updated:November 12, 2026 at 01:08 PM
Rooms and interior
- Living area:14,665 sq. ft.
Heating and cooling
- Heating:Electric
Structure and exterior
- Year built:1963
- Building area:14,665 sq. ft.
- Lot area:0.63 Acres
Finances and disclosures
- Price:$5,995,000
- Price per sq. ft.:$408.8
Parking
- Parking description:Uncovered
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