
Thousand Oaks, California 91360
This property presents a High-Potential Investment Opportunity with a List Price of $815,000—positioned slightly above the $809,537 Fair Market Value. While the home carries a Fair Condition Rating due to its 1962 vintage, the 10,018 sq. ft. lot and ADU potential provide significant upside for forced appreciation. The inclusion of a two-story livable shed offers immediate utility for a home office or studio. This is a strategic acquisition ideal for Buy-and-Hold Investors or Owner-Occupants seeking to renovate and expand in a prime Thousand Oaks location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1230 Whitecliff Road Subject | $815,000* List Price | 4 | 2 | 1,145 | $707 | - |
A 685 Paige Lane Sold | $865,000 | 2 | 2 | 1,220 | $709 | 0.6 mi |
B 807 Briar Cliff Road Sold | $945,000 | 4 | 3 | 1,531 | $617 | 0.2 mi |
C 1005 Sheffield Place Active Under Contract | $849,000 List Price | 4 | 2 | 1,243 | $683 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1962, this 62-year-old property is functional but significantly dated. The listing description emphasizes 'endless potential' and 'upside,' which are industry indicators for a home needing modernization. While the interior photos show basic maintenance, the lack of recent major renovations to the kitchen and baths, along with the age of the structure, aligns with the fair category requiring updates.
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 = 1145.
The rare 10,000+ sq. ft. lot provides exceptional privacy and significant upside potential for expansion or the addition of an ADU to generate rental income.
The property includes a unique two-story livable shed and a secondary shed, offering immediate flexible space for a home office, creative studio, or hobby retreat.
At just 1,145 sq. ft. for a four-bedroom configuration, the interior layout may feel cramped with undersized bedrooms compared to modern standards.
The 1.5-bathroom utility is insufficient for a four-bedroom family residence, likely necessitating a future renovation to add a full second bathroom.
Wonderful opportunity to own a wonderful single-family home in the heart of Thousand Oaks! This 4-bedroom, 1.5-bath home offers an open and functional floor plan filled with natural light and endless potential. Situated on a rare, oversized 10,000+ sq. ft. lot, the property provides exceptional privacy and plenty of room to expand, customize, or add an ADU for additional living space or rental income potential. Enjoy peaceful views from the covered backyard patio overlooking open space, creating a tranquil setting perfect for relaxing or entertaining. The spacious backyard also features a large two-story livable shed and a second shed with endless possibilities for a studio, office, hobby space, storage, or creative retreat. Conveniently located with easy access to the 23 Freeway, nearby elementary schools, parks, and the southern end of Conejo Creek Park, this home offers both comfort and convenience in a desirable neighborhood. Whether you're looking to update and make it your own, invest, or create your dream property, this is a rare find with tremendous upside potential. Don’t miss this incredible opportunity, homes with lots this size and possibilities like this rarely come available! Hurry before it’s sold!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 2.0 | 3.0 | 45% |
| Square foot | 1,145 | 2,044 | 4% |
| Lot Size | 10,018 | 9,583 | 54% |
| Price | $815.0K | $1.06M | 11% |
| Price per sq ft | $712 | $571 | 88% |
| Built year | 1962 | 1970 | 18% |
| HOA | $0 | $0 | 50% |
| Days on market | 9 | 143 | 2% |
May 28, 2026
$815,000
Initial Listing
Mar 8, 2021
$679,000
Public Record
Dec 14, 1999
$209,500
Public Record