1350 E Hillcrest Dr, Thousand Oaks, California 91362, Thousand Oaks, 91362 - 2 bed, 1 bath
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Thousand Oaks, California 91362
This Single Family Residence represents a High-Potential Investment Opportunity, listed at $708,888—positioned well above the $626,842 Fair Market Value by 13%. While the property requires a strategic approach, its Condition Rating of 4 reflects recent cosmetic refreshes alongside dated kitchen infrastructure. The generous lot size offers significant upside for an ADU addition, enhancing long-term rental yield or multi-generational utility. Located within the reputable Conejo Valley Unified school district, this property is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a value-add project.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1350 E Hillcrest Dr Subject | $708,888* List Price | 2 | 1 | 864 | $727 | - |
A 1350 E Hillcrest Sold | $535,000 | 2 | 1 | 864 | $619 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1957, the property has been recently 'refreshed' with new flooring and baseboards, but the kitchen remains dated with older oak cabinetry and tile countertops exceeding 20 years in age. While move-in ready, the home requires further updates to the kitchen and likely the bathroom to meet modern standards.
The property has been thoughtfully refreshed with new flooring and updated baseboards, offering a clean, modern aesthetic that allows for immediate occupancy without the need for initial renovations.
The generous lot size provides a significant opportunity for the addition of an ADU or future expansion, making it an attractive option for investors or those seeking multi-generational living solutions.
Situated in a highly desirable Thousand Oaks neighborhood within the reputable Conejo Valley Unified school district, the home offers excellent proximity to local amenities and long-term value.
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.
With only 864 square feet and a single bathroom, the home's small footprint may be a constraint for growing families or buyers requiring more interior room.
The listing explicitly notes a lack of views, which may be a disadvantage compared to other properties in the Thousand Oaks area that offer hillside or city light perspectives.
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 flooring, 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 | 3.0 |
| Square foot | 864 | 2,085.5 |
| Lot Size | 5,227 | 9,147 |
| Price | $708.9K | $1.16M |
| Price per sq ft | $820 | $569 |
| Built year | 1957 | 1978 |
| HOA | $0 | $180 |
| Days on market | 33 | 50 |
Jun 19, 2026
$708,888
Initial Listing
Apr 1, 2026
$535,000
Public Record
Apr 1, 2026
$565,000
Public Record