
Newbury Park, California 91320
This Income-Producing Hillside Compound is a High-Potential Investment Opportunity, listed at $2,350,000—positioned well above the $2,042,593 Fair Market Value by -15%. Featuring a Good Condition Rating, this 4,046 SF property includes a main residence and three ADUs, offering Spectacular Panoramic Views and Smart-Home Technology. With $15,000/month in gross rental income and unincorporated status for short-term rentals, this asset provides significant flexibility. It is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a multi-generational living solution with strong upside.
Property is move-in ready.
Built in 2012, the property is approximately 12 years old, placing it firmly in the 'Good' category. The interiors are well-maintained and move-in ready, featuring modern kitchens with granite countertops, stainless steel appliances, and updated bathrooms with contemporary tile work. The systems are upgraded with smart-home technology, Tesla charging, and modern mini-split HVAC units in the ADUs.
Elementary School: Westlake Elementary School (9/10).
The property functions as a four-unit compound generating approximately $15,000 in monthly gross income, offering massive flexibility for investors, 1031 exchanges, or owner-users.
Located in an unincorporated area, the property presents a rare opportunity for short-term rental businesses, bypassing many restrictive city-level ordinances.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 4046, other record living area = 2456. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 6, other record bedroom count = 3.
Two of the ADUs are in the final stages of approval, placing the burden of permit verification and finalization on the buyer to ensure full legal compliance.
The hillside location and private-road setting may limit guest parking and ease of access, which are critical considerations for a high-density rental compound.
RARE NEWBURY PARK INCOME-PRODUCING HILLSIDE COMPOUND! APPROX. $15,000/MONTH GROSS RENTAL INCOME WITH 3 YEARS OF RENTAL HISTORY! DELIVERED VACANT AT COE! LIVE IN ONE, RENT THE OTHERS! *****A unique investment opportunity featuring 4 separate living spaces totaling approximately 4,046 SF, with spectacular panoramic Conejo Valley views and three addresses: 1469, 1471 & 1473. Currently generating approximately $15,000/month in gross rental income from 3 residences, while the owner occupies the fourth. Entire property delivered vacant at COE, offering exceptional flexibility for investors, 1031 exchange buyers, or owner-users. ****Property includes a 2,456 SF main residence (3BD/2.5BA), 622 SF attached residence (1BD/1BA) with full kitchen, 480 SF legal and approved ADU (1BD/1BA) with full kitchen, and 488 SF studio currently undergoing final permitting, with seller to provide final permits prior to COE. ****Each residence offers privacy, appliances, and laundry facilities. Additional features include smart-home technology, Tesla charging, private-road setting, numerous upgrades, and breathtaking views. Furnishings available separately. ****A RARE OPPORTUNITY COMBINING ESTABLISHED RENTAL HISTORY, INCOME POTENTIAL, PRIVACY, AND FLEXIBILITY!!!
No exterior & parking available.
Grades K-5 • 2.6 mi
Grades K-5 • 2.8 mi
Grades K-5 • 2.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 6.0 | 4.0 |
| Baths | 6.0 | 3.0 |
| Square foot | 4,046 | 2,147.255 |
| Lot Size | 8,276 | 8,298.245 |
| Price | $2.35M | $1.11M |
| Price per sq ft | $581 | $534 |
| Built year | 2012 | 1981 |
| HOA | $0 | $149 |
| Days on market | 53 | 51 |
Sep 1, 2026
$2,350,000
Initial Listing
Apr 24, 2023
$1,050,000
Public Record