
Thousand Oaks, California 91362
This Single Family Residence represents a High-Potential Investment Opportunity, listed at $724,999—positioned well above the $644,822 Fair Market Value by -12%. While the property is in Condition Rating 2, it features significant recent upgrades including a new mini-split HVAC system and modern finishes. The generous lot size provides a rare opportunity for ADU expansion, enhancing long-term value. Located in the Conejo Valley Unified School District, this home is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a move-in-ready property with future development potential.
Property is new construction or fully renovated.
Although built in 1957, the property has undergone a recent comprehensive refresh (<5 years) including new flooring, windows, interior/exterior paint, and a new mini-split HVAC system, making it move-in ready with no immediate maintenance required.
The property is move-in ready featuring significant recent improvements including new windows, flooring, interior and exterior paint, and a newly installed mini-split A/C system.
The generous lot size offers a rare opportunity to add an Accessory Dwelling Unit (ADU) for rental income or guest space, providing excellent long-term value appreciation.
Situated in a highly desirable Thousand Oaks neighborhood within the Conejo Valley Unified School District, the home offers excellent proximity to local amenities and services.
The property was recently sold within the past year on 2026-04-01. The sold price is $535,000.00. The property was recently sold within the past year on 2026-04-01. The sold price is $565,000.00.
At only 864 square feet with a 2-bedroom, 1-bathroom configuration, the home's small footprint may be restrictive for growing families or those needing a home office.
Originally built in 1957, the property may eventually require updates to underlying systems such as plumbing or electrical that are not covered by the recent cosmetic refreshments.
Welcome to 1350 E. Hillcrest Drive, a rare opportunity to own a charming home in one of Thousand Oaks’ most desirable and centrally located neighborhoods. Thoughtfully refreshed with new interior & exterior paint, new windows, new patio cover, new garage door, new flooring, New Mini split A/C System, New updated baseboards, and a clean, modern feel throughout, this move-in-ready property offers the perfect combination of immediate comfort and long-term potential. Situated on a generous lot, this 2-bedroom, 1-bath home provides an excellent foundation for a variety of buyers. Whether you're a first-time homeowner, investor, or someone looking for a property with future expansion possibilities, the value here extends far beyond the existing home. The spacious lot presents an exciting opportunity to explore the addition of an ADU (Accessory Dwelling Unit), creating the potential for multigenerational living, rental income, a private guest house, or a dedicated home office space. Buyers may also appreciate the potential to further expand and customize the property to suit their vision, subject to city requirements and approvals. Inside, the home offers a functional single-story layout filled with natural light and comfortable living spaces. The recent improvements create a fresh and inviting atmosphere while allowing the next owner the flexibility to add their own personal touches over time.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 4.0 |
| Baths | 1.0 | 2.7 |
| Square foot | 864 | 2,074.024 |
| Lot Size | 5,227 | 9,277.097 |
| Price | $725.0K | $1.15M |
| Price per sq ft | $839 | $564 |
| Built year | 1957 | 1974 |
| HOA | $0 | $191 |
| Days on market | 6 | 50 |
Sep 3, 2026
$724,999
Initial Listing
Apr 1, 2026
$535,000
Public Record
Apr 1, 2026
$565,000
Public Record