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1165 Mcknight, Newbury Park, California 91320, Newbury Park, 91320 - 2 bed, 2 bath

1165 Mcknight, Newbury Park, California 91320 home-pic-0
ACTIVE$899,900$1,664/sqft
Est. Value: $793,981
-11%
AboveEstimate
1165 Mcknight, Newbury Park, California 91320
2Beds
2Baths
1,664Sqft
10,018Lot

Price Vs. Estimate

The estimated value ($793,980.515) is $105,919.485 (11%) lower than the list price ($899,900). This property may be overpriced.

Key pros and cons

Top Pros:
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 10018, living area = 1664.
Top Cons:
As-Is Condition & Extensive Renovation Required: The property is explicitly sold 'as-is' with no warranties, indicating that significant repairs, upgrades, and potential deferred maintenance will be the buyer's responsibility and financial burden.

Compared to the nearby listings

Price:$899.9K vs avg $1.05M ($-150,100)30%
Size:1,664 sqft vs avg 2,000 sqft29%
Price/sqft:$541 vs avg $53455%

More Insights

Built in 1948 (78 years old).
Condition: Built in 1948, this property is explicitly marketed 'as-is' for buyers interested in 'doing their own repairs' or for 'seasoned investors looking for a new project.' The images confirm a severely outdated and worn condition throughout. The main house kitchen features very old white cabinets, dated tile countertops, and old appliances. Bathrooms are extremely dated, with one showing a marble-look laminate vanity, old fixtures, and carpeted flooring, indicating significant deferred maintenance and poor condition. Hardwood floors are heavily worn, carpets are stained, and walls show numerous marks and stains. The exterior deck has peeling paint. The overall state requires substantial repairs and rehabilitation, aligning with the 'poor' condition criteria.
Year Built
1948
Close
-
List price
$900K
Original List price
$900K
Price/Sqft
$541
HOA
-
Days on market
-
Sold On
-
MLS number
CV26001112
Home ConditionPoor
Features
Deck
View-

About this home

Opportunity is knocking. Don’t let this one slip by. This is the one you've been waiting for. Great opportunity for buyer interested in doing their own repairs & saving money or seasoned investor looking for a new project. This property is a Single-Family Residence with 2 ADUs. The main house is a 2 bed & 2 bath with fireplace 1664 square feet plus an attached 1 bed & 1 bath ADU above the garage with its own entrance and a garage studio unit with a kitchen & bath with private entrance, both square footages of ADUs not included with the main house sq ft. Elderly Former owner passed away inside the property. Buyers and buyers' agent to complete their own due diligence and complete any & all inspections & information regarding this property. Seller & seller's agent are unaware of the condition of the Property. Seller and seller's agent make no warranties, expressed or implied, as to the condition of the Property or the presence of any hazardous substances. It is the intent of the Seller to sell the Property in its present "as-is" condition unless otherwise agreed to in writing. Seller shall not provide a survey, property condition inspection, homeowner's warranty, or Certificate of Occupancy, unless required by law or as otherwise negotiated at time of sale. Seller reserves the right to approve or reject any required repairs to the Property in Seller's sole and absolute discretion.

L
Louis Fontaine
Listing Agent

Nearby schools

5/10
Acacia Elementary School
Public,•K-5•2.4mi
6/10
Aspen Elementary School
Public,•K-5•2.4mi
6/10
Banyan Elementary School
Public,•K-5•3.0mi
9/10
Westlake Elementary School
Public,•K-5•3.7mi
6/10
Sequoia Middle School
Public,•6-8•1.9mi
6/10
Redwood Middle School
Public,•6-8•2.1mi
6/10
Colina Middle School
Public,•6-8•3.2mi
7/10
Newbury Park High School
Public,•9-12•2.9mi
7/10
Thousand Oaks High School
Public,•9-12•3.4mi
8/10
Westlake High School
Public,•9-12•5.1mi
Condition Rating
Poor
Built in 1948, this property is explicitly marketed 'as-is' for buyers interested in 'doing their own repairs' or for 'seasoned investors looking for a new project.' The images confirm a severely outdated and worn condition throughout. The main house kitchen features very old white cabinets, dated tile countertops, and old appliances. Bathrooms are extremely dated, with one showing a marble-look laminate vanity, old fixtures, and carpeted flooring, indicating significant deferred maintenance and poor condition. Hardwood floors are heavily worn, carpets are stained, and walls show numerous marks and stains. The exterior deck has peeling paint. The overall state requires substantial repairs and rehabilitation, aligning with the 'poor' condition criteria.
Pros & Cons

Pros

High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 10018, living area = 1664.
Great Schools: Elementary School: Westlake Elementary School (9/10).
Significant Income Potential / Multi-Unit Configuration: The property includes a main house and two Accessory Dwelling Units (ADUs), offering exceptional flexibility for rental income, multi-generational living, or dedicated home office spaces.
Large Lot Size: A generous 10,018 sq ft lot provides ample outdoor space, privacy, and potential for landscaping or future expansion.
Investment & Value-Add Opportunity: Explicitly marketed as an opportunity for buyers to save money through repairs or for seasoned investors, indicating significant potential for value appreciation post-renovation.
Desirable Newbury Park Location: Situated in Newbury Park, a sought-after community known for its quality of life and suburban appeal.
Access to Reputable Schools: Located within the Conejo Valley Unified School District, with several highly-rated elementary, middle, and high schools nearby.

Cons

As-Is Condition & Extensive Renovation Required: The property is explicitly sold 'as-is' with no warranties, indicating that significant repairs, upgrades, and potential deferred maintenance will be the buyer's responsibility and financial burden.
Seller's Lack of Disclosure & Due Diligence Burden: The seller and agent disclaim knowledge of the property's condition and presence of hazardous substances, placing the full responsibility for comprehensive inspections and due diligence on the buyer, increasing risk.
Death in Property Disclosure: The disclosure of a former owner passing away inside the property may be a psychological deterrent for some buyers and could potentially impact marketability.
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