
Newbury Park, California 91320
This property presents a High-Potential Investment Opportunity with a List Price of $830,000—positioned above the $747,423 Fair Market Value by 11%. While requiring significant capital for a Condition Rating of 5, the asset features a unique Eichler-inspired design and a 9,582 sq ft lot with verified ADU potential. The property offers a secluded natural setting with hill views and proximity to top-rated schools like Westlake Elementary. This is a strategic acquisition ideal for Buy-and-Hold Investors or Contractors capable of executing a comprehensive restoration.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 253 Beech Road Subject | $830,000* List Price | 3 | 2 | 1,391 | $537 | - |
A 832 Ballina Court Sold | $960,000 | 3 | 2 | 1,535 | $625 | 0.7 mi |
B 1165 Mcknight Sold | $899,900 | 2 | 2 | 1,664 | $541 | 0.2 mi |
C 133 Charro Avenue Sold | $935,000 | 4 | 2 | 1,790 | $522 | 0.8 mi |
D 1859 Dorrit Street Active Under Contract | $885,000 List Price | 3 | 2 | 1,506 | $588 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1974, this 50-year-old property is marketed as a restoration opportunity and sold 'as-is.' It requires significant structural and safety repairs, including a new roof and deck, and features a dated kitchen and bathrooms that need a complete rehab.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 9582, living area = 1391.
Elementary School: Westlake Elementary School (9/10).
This Eichler-inspired custom home features mid-century modern aesthetics, including exposed wood beams and tongue-and-groove ceilings, offering a unique and stylish foundation for restoration.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =9582, other record lot size in square feet = 4791.
The property requires significant structural and cosmetic investment, specifically needing a new roof, deck repairs, and comprehensive interior updating throughout.
Sold in its current state, the home is positioned as a major restoration project, which may limit the buyer pool to those with specialized renovation financing or significant cash reserves.
Eichler-inspired custom home, 3 bed, 2 bath, built 1974 by landscape architect. Two lots, 9,500 sq ft. A genuine restoration opportunity for the right vision.This architectural gem is offered as is, ready for a buyer with the vision to restore and reimagine. The property needs a new roof, deck repairs, and updating throughout, but the bones and character tell the real story of thoughtful design shaped by the land around it.The entry is a gated experience framed by mature landscaping, creating an immediate sense of arrival. Inside, the great room flows openly with exposed wood beams and tongue-and-groove wood plank ceilings, windows positioned to frame views and natural light. The kitchen connects seamlessly to the living space. Downstairs offers one bedroom and full bathroom with vaulted ceilings and a sliding glass door. Upstairs features two bedrooms, with the larger bedroom including a walk-in closet and private balcony overlooking the surrounding landscape. The floor plan offers flexible reconfiguration options. Buyers may envision various primary suite configurations depending on lifestyle needs.Two parcels total approximately 9,500 square feet. The existing home sits on the main parcel, APN 673-0-100-230. The second parcel, APN 673-0-100-270, offers significant land potential with road frontage to Ventu Park Road. A local ADU specialist has identified that the rear lot could accommodate an accessory dwelling unit of approximately 1,000 square feet, positioned to work around mature oak trees and existing easements. All development potential, including ADU feasibility, must be verified by buyer with the City of Thousand Oaks and County of Ventura.Two-car garage, mature tree canopy, rear access flexibility, room for future improvements including pool or expanded outdoor living. No HOA. Special financing options including conventional loans and FHA renovation loan programs may be available for qualified buyers.
No exterior & parking available.
Grades K-5 • 2.5 mi
Grades K-5 • 2.5 mi
Grades K-5 • 2.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 40% |
| Baths | 2.0 | 3.0 | 40% |
| Square foot | 1,391 | 2,035 | 11% |
| Lot Size | 9,582 | 8,276 | 68% |
| Price | $830.0K | $1.10M | 8% |
| Price per sq ft | $597 | $543 | 65% |
| Built year | 1974 | 1978 | 34% |
| HOA | $0 | $0 | 50% |
| Days on market | 19 | 141 | 1% |
May 18, 2026
$830,000
Initial Listing