142 W Columbia Road, Thousand Oaks, California 91360, Thousand Oaks, 91360 - 5 bed, 2 bath
ACTIVE$1,250,000
142 W Columbia Road, Thousand Oaks, California 91360
5Beds
2Baths
2,306Sqft
10,890Lot
Price Vs. Estimate
The estimated value ($1,130,470.74) is $119,529.26 (9%) lower than the list price ($1,250,000). This property may be overpriced.
Key pros and cons
Top Pros:
Established & Profitable Operation: The facility has been consistently at full capacity since 2007 under the current owner, demonstrating a strong reputation, proven demand, and stable income generation.
Top Cons:
Specialized Use Limitation: The property is specifically configured and licensed as a residential care facility, which significantly limits the potential buyer pool to only those interested in operating an RCFE.
Compared to the nearby listings
Price:$1.25M vs avg $1.10M (+$152,000)74%
Size:2,306 sqft vs avg 2,070 sqft69%
Price/sqft:$542 vs avg $54052%
More Insights
Built in 1966 (59 years old).
Condition: The property was built in 1966, making it over 50 years old. While the exterior and visible bedrooms appear well-maintained and clean, suggesting regular upkeep, there are no images of the kitchen or bathrooms. Given the property's age and the absence of explicit mention of recent extensive renovations, it is highly probable that these key areas are dated in style and features, even if functional. The property operates as a care facility, indicating it meets basic living standards, but the overall aesthetic and potential for older systems without recent upgrades point to a 'Fair' condition, suggesting minor updates would be beneficial for modernization.
Year Built
1966
Close
-
List price
$1.25M
Original List price
$1.25M
Price/Sqft
$542
HOA
-
Days on market
-
Sold On
-
MLS number
OC25139906
Home ConditionFair
Features
View-
About this home
This charming residential care facility for the elderly (RCFE) offers a spacious 2,269 sq ft of living space and is situated on a generous 10,890 sq ft lot in the heart of Thousand Oaks. The facility features six bedrooms and three bathrooms, providing a comfortable and welcoming environment for residents. Operated by the current owner since 2007, the facility is consistently at full capacity, reflecting its excellent reputation and quality of care. The facility holds an approved hospice waiver for up to three residents, along with a Dementia Plan of Operation, ensuring specialized care for those in need. Additionally, it is licensed to accommodate six non-ambulatory residents, with provisions for one bedridden individual. This well-established RCFE is an ideal setting for providing compassionate and personalized care to its residents.
Nearby schools
5/10
Acacia Elementary School
Public,•K-5•0.5mi
6/10
Aspen Elementary School
Public,•K-5•0.6mi
7/10
Wildwood Elementary School
Public,•K-5•1.5mi
6/10
Redwood Middle School
Public,•6-8•0.7mi
7/10
Thousand Oaks High School
Public,•9-12•0.6mi
Condition Rating
Fair
The property was built in 1966, making it over 50 years old. While the exterior and visible bedrooms appear well-maintained and clean, suggesting regular upkeep, there are no images of the kitchen or bathrooms. Given the property's age and the absence of explicit mention of recent extensive renovations, it is highly probable that these key areas are dated in style and features, even if functional. The property operates as a care facility, indicating it meets basic living standards, but the overall aesthetic and potential for older systems without recent upgrades point to a 'Fair' condition, suggesting minor updates would be beneficial for modernization.
Pros & Cons
Pros
Established & Profitable Operation: The facility has been consistently at full capacity since 2007 under the current owner, demonstrating a strong reputation, proven demand, and stable income generation.
Specialized Licensing & Care Capabilities: Holds an approved hospice waiver, a Dementia Plan of Operation, and is licensed for six non-ambulatory residents (including one bedridden), allowing for a broad range of specialized and high-demand care services.
Generous Space & Lot Size: Offers a spacious 2,269 sq ft of living space on a substantial 10,890 sq ft lot, providing ample room for resident comfort, outdoor activities, and facility operations.
High Occupancy Rate: The consistent full capacity indicates strong market demand for residential care services in the area and the facility's effective management.
Desirable Location: Situated in the heart of Thousand Oaks, a well-regarded community, which can be attractive to residents' families and staff.
Cons
Specialized Use Limitation: The property is specifically configured and licensed as a residential care facility, which significantly limits the potential buyer pool to only those interested in operating an RCFE.
Age of Property: Built in 1966, the property is over 50 years old, potentially requiring significant capital expenditures for updates, renovations, or ongoing maintenance to meet modern standards or resident expectations.
Regulatory Compliance & Operational Complexity: Operating a licensed RCFE with specialized waivers entails ongoing regulatory compliance, inspections, and operational complexities that may deter buyers without specific industry experience.