
Thousand Oaks, California 91360
This Single-Story Value-Add Asset is listed at $995,000, positioned at a premium above the $754,491 Fair Market Value by 31%, reflecting the extreme scarcity of the Lynn Ranch North neighborhood. With a Condition Rating of 5, the home is a "blank canvas" featuring hardwood floors and a large 8,712 sq ft lot. Located within the Conejo Valley Unified School District, the property offers significant upside for forced appreciation through a complete transformation. This is a strategic acquisition for Fix-and-Flip Investors or Owner-Occupants seeking a custom renovation in a premier cul-de-sac.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1970 Ferndale Place Subject | $995,000* List Price | 3 | 2 | 1,611 | $468 | - |
A 2219 Goldsmith Avenue Sold | $843,000 | 4 | 2 | 1,626 | $518 | 0.9 mi |
B 2769 Beckett Court Sold | $965,000 | 4 | 2 | 1,986 | $486 | 1.0 mi |
C 195 Tennyson Street Sold | $877,500 | 3 | 2 | 1,206 | $728 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1977, this 47-year-old property is marketed as a 'canvas' for a 'complete transformation.' While the interior has been freshly painted, the kitchen and bathrooms remain in original, dated condition with 1970s-era cabinetry, tile, and fixtures. Per the criteria, a home of this age requiring a full rehab to meet modern standards is classified as poor.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8712, living area = 1611.
Situated in the highly sought-after Lynn Ranch North community, this home occupies a quiet cul-de-sac position in a neighborhood where inventory is rarely available, ensuring long-term value and peace.
The 1,611-square-foot floor plan features high ceilings, abundant natural light, and rich hardwood floors, providing a spacious and accessible living environment that serves as an ideal foundation for any lifestyle.
Marketed as a 'perfect canvas' for a 'complete transformation,' the property likely requires a substantial additional investment to modernize the 1977 original features and finishes.
At a list price of $995,000 for 1,611 square feet, the property sits at a premium price point, which may be challenging for buyers who also need to budget for extensive renovations.
Nestled on a quiet cul de sac in the Lynn Ranch North community of Thousand Oaks, this single story home offers the opportunity to design your dream home in one of the most sought after neighborhoods, where homes rarely come on the market.Set behind a lush front yard, the freshly-painted interior opens to a spacious floor plan with high ceilings, abundant natural light, and an inviting sense of possibility. The living room is anchored by rich hardwood floors and features an original brick fireplace, creating an ideal setting for both everyday living and entertaining.With three bedrooms and two bathrooms, the layout is functional and full of potential. The private primary suite offers a retreat from the rest of the home with an ensuite bath, large walk in closet, and sliding glass door leading directly to the serene backyard. Surrounded by trees, the backyard is peaceful and private with plenty of room to create an outdoor oasis.A separate laundry room and attached two car garage add convenience, while the home's excellent bones provide the perfect canvas for your personal vision. Whether you envision a stylish refresh or a complete transformation, this is a rare opportunity to create the home you have always wanted in one of Thousand Oaks's most desirable neighborhoods.
No exterior & parking available.
Grades K-5 • 0.5 mi
Grades K-5 • 0.8 mi
Grades K-5 • 3.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 34% |
| Baths | 2.0 | 3.0 | 44% |
| Square foot | 1,611 | 2,073.5 | 23% |
| Lot Size | 8,712 | 9,583 | 31% |
| Price | $995.0K | $1.08M | 38% |
| Price per sq ft | $618 | $562 | 73% |
| Built year | 1977 | 1970 | 62% |
| HOA | $0 | $0 | 50% |
| Days on market | 4 | 170 | 2% |
Apr 18, 2026
$995,000
Initial Listing
Aug 25, 1994
$222,000
Public Record