1342 E Hillcrest, Thousand Oaks, California 91362, Thousand Oaks, 91362 - 1 bed, 1 bath
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Thousand Oaks, California 91362
This High-Potential Investment Opportunity is listed at $400,000, positioned above the $348,309 Fair Market Value. While the price reflects a premium, the property offers a stable, turnkey Asset with a Condition Rating of 3. Featuring a 1-bed, 1-bath layout with central HVAC, a private patio, and a detached 1-car garage, it provides consistent rental demand. Currently leased through 5/1/2026 at $2,345/month, it serves as a reliable income stream. This is an ideal acquisition for Buy-and-Hold Investors or passive income seekers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1342 E Hillcrest Subject | $390,000* List Price | 1 | 1 | 654 | $506 | - |
A 104 Maegan 6 Sold | $495,000 | 2 | 2 | 850 | $582 | 0.1 mi |
B 104 Maegan Place 12 Sold | $469,000 | 2 | 2 | 885 | $530 | 0.1 mi |
C 2426 Pleasant Way E Sold | $432,000 | 2 | 1 | 907 | $476 | 0.9 mi |
D 2474 Pleasant Way P Sold | $440,000 | 2 | 1 | 907 | $485 | 0.9 mi |
E 2394 Pleasant Way J Sold | $429,000 | 2 | 2 | 907 | $473 | 0.9 mi |
F 2450 Pleasant Way N Sold | $435,000 | 2 | 1 | 907 | $480 | 0.9 mi |
G 2396 Pleasant Way I Active | $410,000 List Price | 1 | 1 | 722 | $568 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While built in 1981, the property has undergone significant interior renovations within the 5-15 year window. Updates include modern wood-like laminate flooring, stainless steel appliances in the kitchen, and a refreshed bathroom with a contemporary vanity and tile. The unit features central HVAC and is in move-in ready condition.
The property is currently tenant-occupied through May 2026 at a strong market rate of $2,345/month, offering investors a turnkey, hands-off income stream from day one.
Centrally located in Thousand Oaks near The Oaks Mall, award-winning schools, and the 101 Freeway, ensuring high demand and long-term property value retention.
Unlike many condos, this unit includes both a detached one-car garage and a private storage closet, providing significant utility for residents with outdoor gear or seasonal items.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 654, other record living area = 868. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 1, other record bedroom count = 2.
The fixed-term lease through 5/1/2026 makes this property unsuitable for buyers looking for an immediate primary residence, limiting the current market to investors.
At 654 square feet, the compact one-bedroom layout may feel restrictive for some buyers and limits the potential occupant pool to individuals or couples.
Perfect for investors, downsizers, or first-time buyers seeking a low-maintenance condo in the heart of Thousand Oaks. This 1-bed, 1-bath, 654-sq-ft unit offers an ideal entry point into the desirable 91362 market without the upkeep of a single-family home. The unit was tenant-occupied under a fixed-term lease through 5/1/2026, with a strong $2,345/month market-rate rent and professional managed, so there can be a hands-off income stream. Inside, the home features an open-concept layout with light-filled rooms, warm wood-like laminate flooring, and a galley-style kitchen equipped with stainless-steel appliances and ample cabinet storage. Central air conditioning keeps the unit comfortable year-round, and the private patio offers a quiet spot for morning coffee or an evening glass of wine. Parking and storage are easy here: you get a detached 1-car garage plus a private storage closet located right next to the unit, perfect for keeping seasonal items, bikes, or outdoor gear organized and out of the way. The well-maintained community provides an on-site spa, landscaping, trash removal, and guest parking, all covered within the low HOA fee, so you avoid the hassle of exterior maintenance or yard work. Located just minutes from The Oaks Mall, award-winning schools, hiking trails, and the 101 Freeway, this condo is ideal for investors, retirees who want freedom from upkeep, or first-time buyers who want to break into Thousand Oaks without a big house.
No exterior & parking available.
Grades K-5 • 0.7 mi
Grades 6-8 • 0.2 mi
Grades 9-12 • 2.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 2.0 | 4% |
| Baths | 1.0 | 2.0 | 20% |
| Square foot | 654 | 1,153 | 4% |
| Lot Size | 654 | 1,180 | 16% |
| Price | $390.0K | $567.0K | 4% |
| Price per sq ft | $596 | $523 | 92% |
| Built year | 1981 | 1985 | 16% |
| HOA | $336.0 | $562 | 8% |
| Days on market | 0 | 129 | 8% |
Jun 11, 2026
$390,000
$395,000
-1% Price Drop
Initial Listing
May 26, 2026
$395,000
$400,000
-1% Price Drop
Initial Listing
Apr 30, 2026
$400,000
Initial Listing