1363 Sterling Drive, Thousand Oaks, California 91360, Thousand Oaks, 91360 - 4 bed, 2 bath
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1363 Sterling Drive
Thousand Oaks, California 91360
ACTIVE UNDER CONTRACT
CONDITION: POOR
4Beds
2Baths
2,347Sq Ft
10,018Lot Size
Property Price
LIST PRICE$999,000
EST. MARKET VALUE
$929,977
7% AboveMARKET VALUE
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $999,000—positioned above the $920,220 Fair Market Value. While the property requires a full renovation given its Condition Rating of 5, the expansive 10,018-square-foot lot and 2,347-square-foot floor plan offer significant upside for forced appreciation. With potential for an ADU and a flexible layout, this asset is well-suited for Fix-and-Flip Investors or Contractors capable of executing a comprehensive modernization to capture long-term value in this established Thousand Oaks neighborhood.
Estimated Market Value
$929,977
Based on Realkey algorithm analyzing recent comparable sales in Thousand Oaks.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1363 Sterling Drive Subject | $999,000* List Price | 4 | 2 | 2,347 | $396 | - |
A 1016 Saxon Place Sold | $970,000 | 4 | 2 | 2,105 | $461 | 0.2 mi |
B 252 W Columbia Road Sold | $875,000 | 5 | 3 | 1,804 | $485 | 0.5 mi |
C 740 Benson Way Sold | $835,000 | 4 | 3 | 2,210 | $378 | 0.7 mi |
D 417 W Columbia Road Sold | $910,000 | 3 | 3 | 1,769 | $514 | 0.5 mi |
E 831 Calle Clavel Sold | $835,000 | 4 | 3 | 2,013 | $415 | 0.9 mi |
F 349 Somerset Circle Sold | $1,100,000 | 5 | 3 | 2,596 | $424 | 0.8 mi |
G 2219 Goldsmith Avenue Sold | $843,000 | 4 | 2 | 1,626 | $518 | 1.0 mi |
H 1558 Dover Avenue Active | $1,050,000 List Price | 4 | 2 | 2,085 | $504 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1962 with no evidence of recent renovations, this property is marketed as a 'renovation project' for investors. The kitchen features dated oak cabinetry and tile countertops, while the interior shows popcorn ceilings and original-style flooring. The age of the systems and finishes exceeds 30-50 years, requiring a full rehab to meet modern standards.
PROSSTRENGTHS & OPPORTUNITIES
- 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 = 2347.
- Expansive Flat Lot
The nearly 1/3-acre level lot provides a rare and versatile canvas in Thousand Oaks, offering ample space for a resort-style pool, professional landscaping, or a detached ADU to maximize property value.
- Substantial Single-Story Footprint
With 2,347 square feet of living space and a flexible floor plan including a large bonus room, this residence offers significantly more square footage than typical homes of this era, allowing for easy reconfiguration into a 5-bedroom or 3-bathroom layout.
CONSRISKS & DEFICIENCIES
- Extensive Renovation Required
The property is being marketed for its 'potential,' indicating that it likely requires a full-scale interior and exterior update to meet modern living standards and aesthetic expectations.
- Dated Infrastructure
Built in 1962, the home may require costly upgrades to major systems such as plumbing, electrical, and HVAC to support a modern remodel, adding to the overall project budget.
About 1363 Sterling Drive
Endless Potential on a Large, Flat Lot!Bring your vision and unlock the incredible potential of this spacious single-story home, ideally situated on a level, usable 10,018-square-foot lot (approximately one-third acre). Offering 2,347 square feet of living space, this 4-bedroom, 2-bath residence presents an outstanding opportunity for investors, builders, or buyers eager to create their dream home.The versatile floor plan includes a generously sized bonus room that could easily serve as a fifth bedroom, home office, playroom, or be reimagined to accommodate a third bathroom and dedicated laundry room. The possibilities are truly endless.Step outside to an expansive backyard with abundant space for a resort-style pool, outdoor entertaining, lush gardens, or even the potential for an ADU (buyer to verify). The large, flat lot provides the ideal canvas to maximize both lifestyle and value.Located in a desirable, established neighborhood, this property offers the perfect combination of location, lot size, and opportunity. Enjoy convenient access to shopping, dining, parks, and major freeways while investing in a home with exceptional upside.Whether you're searching for your next renovation project, an investment opportunity, or a forever home with room to grow, this property is brimming with potential. Don't miss this rare chance to create something truly special!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1962
- Lot Size
- 10,018 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Thousand Oaks Unified Schools
Glenwood Elementary School
Grades K-5 • 0.3 mi
4/10
Redwood Middle School
Grades 6-8 • 0.7 mi
6/10
Thousand Oaks High School
Grades 9-12 • 1.1 mi
7/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 4.0 |
| Baths | 2.0 | 2.7 |
| Square foot | 2,347 | 2,074.024 |
| Lot Size | 10,018 | 9,277.097 |
| Price | $999.0K | $1.15M |
| Price per sq ft | $426 | $564 |
| Built year | 1962 | 1974 |
| HOA | $0 | $191 |
| Days on market | 46 | 50 |
Pricing History
Listed for Sale
Jul 25, 2026
$999,000
Initial Listing
Sold
Oct 29, 2024
$885,000
Public Record