
Newbury Park, California 91320
This Income-Producing Hillside Compound is a High-Potential Investment Opportunity, listed at $2,350,000—positioned above the $2,040,950 Fair Market Value. While priced for its unique multi-unit utility, the property features a Good Condition Rating and offers significant flexibility with three legal addresses and a main residence plus two ADUs. With Spectacular Panoramic Views and Smart-Home Technology, this asset is ideal for Buy-and-Hold Investors or Owner-Occupants seeking a house-hack strategy in the Conejo Valley Unified school district.
Property is move-in ready.
Built in 2012, this 14-year-old property falls within the 10-20 year age bracket for 'Good' condition. The listing and images show a well-maintained, move-in ready compound with functional kitchens featuring granite countertops, updated bathrooms with glass enclosures, and modern systems including smart-home technology and Tesla charging. The ADUs appear to have even more recent finishes, showing no signs of deferred maintenance.
Elementary School: Westlake Elementary School (9/10).
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.
RARE INCOME-PRODUCING NEWBURY PARK HILLSIDE COMPOUND — THREE LEGAL ADDRESSES: 1469, 1471 & 1473! LIVE IN ONE, RENT THE OTHER THREE! Offering approximately 4,046 SF of combined living space with spectacular panoramic Conejo Valley views. Three of the four units—the main residence and two ADUs—are currently rented and generating approximately $15,000/month in gross rental income, while the owner occupies the fourth unit. Property will be delivered vacant at close of escrow, giving the new owner maximum flexibility to occupy, re-lease, or reposition the residences. An exceptional opportunity for investors, 1031 exchange buyers, or owner-users seeking strong income, flexibility, and future upside.*****The property features a 2,456 SF main residence (3BD/2.5BA), an attached 622 SF 1BD/1BA residence with full kitchen, plus two additional 1BD/1BA residences of approximately 480 SF and 488 SF, currently in the final stages of approval. One ADU offers potential for an approximately 700 SF expansion and possible conversion into a 2-bedroom residence, creating additional future income potential. Buyer to independently verify feasibility, permits, square footage, and permitted use.*****Each unit is equipped with appliances including refrigerator, washer, dryer, dishwasher, and more. Located in an unincorporated area offering a rare opportunity for short-term rental business, the property provides exceptional income-producing potential. Each living area offers privacy and separation—ideal for short-term or extended-stay rentals, corporate housing, or multi-generational living. Currently furnished, with furnishings available separately. Smart-home technology, Tesla charging, numerous upgrades, a private-road setting, and breathtaking panoramic views complete this truly unique investment opportunity.*****
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 | 2,176.038 |
| Lot Size | 8,276 | 8,415.744 |
| Price | $2.35M | $1.13M |
| Price per sq ft | $581 | $536 |
| Built year | 2012 | 1982 |
| HOA | $0 | $148 |
| Days on market | 8 | 50 |
Sep 1, 2026
$2,350,000
Initial Listing
Apr 24, 2023
$1,050,000
Public Record