2486 Pleasant Way H, Thousand Oaks, California 91362, Thousand Oaks, 91362 - 2 bed, 1 bath
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2486 Pleasant Way H
Thousand Oaks, California 91362
ACTIVE
CONDITION: FAIR
2Beds
1Baths
907Sq Ft
907Lot Size
Property Price
LIST PRICE$415,000
EST. MARKET VALUE
$405,388
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $415,000—positioned well below the $405,389 Fair Market Value by -2%. While the property is currently priced slightly above market, its Fair Condition Rating and "blank canvas" status allow for significant value-add through cosmetic modernization. Featuring a spacious wrap-around deck and access to highly-rated schools like Westlake High, this unit offers a strategic entry point into Thousand Oaks. This is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking to build equity through renovation.
Estimated Market Value
$405,388
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 |
|---|---|---|---|---|---|---|
★ 2486 Pleasant Way H Subject | $415,000* List Price | 2 | 1 | 907 | $447 | - |
A 2402 Pleasant Way H Sold | $420,000 | 2 | 2 | 907 | $463 | 0.1 mi |
B 2394 Pleasant Way J Sold | $429,000 | 2 | 2 | 907 | $473 | 0.1 mi |
C 104 Maegan Place 12 Sold | $469,000 | 2 | 2 | 885 | $530 | 0.7 mi |
D 152 Maegan Place 8 Sold | $495,000 | 3 | 3 | 1,200 | $413 | 0.7 mi |
E 1745 Los Feliz Drive 12 Active | $399,000 List Price | 2 | 1 | 890 | $448 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1985 (39 years old), the property is described as a 'blank canvas,' suggesting it is largely in original or dated condition. While there are some updates like laminate flooring and a newer bathroom vanity, the presence of popcorn ceilings and older fixtures, combined with the agent's description of an 'affordable entry point,' places it in the Fair category as it requires cosmetic modernization throughout.
PROSSTRENGTHS & OPPORTUNITIES
- Enhanced Outdoor Living & Privacy
As an upper-level, outward-facing unit with a spacious wrap-around deck, this property offers superior privacy and a seamless indoor-outdoor flow rarely found in standard condo layouts.
- Improved Financing Potential
The HOA's recent acquisition of full insurance coverage is a major advantage, as it likely qualifies the building for conventional financing, making it accessible to a broader pool of buyers.
- Prime Location & Education
Situated in the heart of Thousand Oaks with easy 101 Freeway access, the property is zoned for highly-rated schools, including Westlake High School, which supports long-term value.
CONSRISKS & DEFICIENCIES
- Extended Market Time
With 176 days on the market and a recent price reduction, the listing may be perceived as 'stale,' potentially leading to lower-than-asking offers from opportunistic buyers.
- Renovation Requirements
Marketed as a 'blank canvas,' the unit likely requires significant capital investment for cosmetic and functional updates to bring it up to modern market standards.
About 2486 Pleasant Way H
Welcome to 2468 Pleasant Way, Unit H, an upper-level 2-bedroom condo offering a blank canvas for buyers looking to create a space of their own. This second-story, outward-facing unit features a spacious wrap-around deck, providing excellent indoor-outdoor living and added privacy.The primary bedroom opens directly to the deck and includes a walk-in closet along with an en-suite vanity and sink. The second bedroom offers a large closet and flexibility for use as a guest bedroom, home office, or additional living space. Additional features include in-unit washer and dryer, a fireplace, and central air conditioning.The Camelot HOA has recently obtained full insurance coverage, potentially opening up conventional financing options for qualified buyers. This property presents a strong opportunity for a first-time buyer seeking an affordable entry point in the heart of Thousand Oaks, with convenient access to shopping, dining, parks, and the 101 Freeway.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1985
- Lot Size
- 907 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $614.0 / Month
Neighborhood Insights
Thousand Oaks Unified Schools
Conejo Elementary School
Grades K-5 • 0.3 mi
4/10
Colina Middle School
Grades 6-8 • 0.8 mi
6/10
Westlake High School
Grades 9-12 • 1.8 mi
8/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.3 |
| Baths | 1.0 | 1.6 |
| Square foot | 907 | 1,044.263 |
| Lot Size | 907 | 1,709.368 |
| Price | $415.0K | $500.3K |
| Price per sq ft | $458 | $469 |
| Built year | 1985 | 1980 |
| HOA | $614.0 | $520 |
| Days on market | 226 | 55 |
Pricing History
Listed for Sale
Jun 23, 2026
$415,000
$420,000
-1% Price Drop
Initial Listing
Price Change
Jan 26, 2026
$420,000
Initial Listing
Sold
Aug 30, 2002
$176,000
Public Record
Sold
Oct 14, 1996
$88,000
Public Record