1690 E Hillcrest DR, Thousand Oaks, CA 91362
1690 E Hillcrest DR, Thousand Oaks, CA 91362
1690 E Hillcrest DR, Thousand Oaks, CA 91362
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The Warburton Team Brokered By EXp

The Warburton Team Brokered By EXp

+1(626) 630-2141
$6,450,000
Est. payment /mo
0.63 Acres Lot
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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

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Listed by Nick Henry Beachside Partners #01748131

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