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2685 Los Feliz Drive, Thousand Oaks, California 91362, Thousand Oaks, 91362 - 3 bed, 2 bath

2685 Los Feliz Drive, Thousand Oaks, California 91362 home-pic-0
ACTIVE UNDER CONTRACT$629,000$1,249/sqft
Est. Value: $636,757
1%
FairlyEstimate
2685 Los Feliz Drive, Thousand Oaks, California 91362
3Beds
2Baths
1,249Sqft
8,712Lot

Price Vs. Estimate

The estimated value ($636,757.3) is $7,757.3 (1%) lower than the list price ($629,000). This property may be overpriced.

Key pros and cons

Top Pros:
High Available Lot Utilization: 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 = 1249.
Top Cons:
Extensive Renovation Required: Built in 1946, the property is likely in need of significant renovation and modernization, requiring substantial capital investment and a clear vision.

Compared to the nearby listings

Price:$629.0K vs avg $1.34M ($-711,000)1%
Size:1,249 sqft vs avg 2,504 sqft3%
Price/sqft:$504 vs avg $57326%

More Insights

Built in 1946 (80 years old).
Condition: Built in 1946, this property is explicitly marketed as an 'investor play' requiring 'extensive renovation.' The kitchen features very dated white cabinets, worn laminate countertops, older white appliances, and a black and white checkered tile floor, all indicative of a full renovation need. Both bathrooms are extremely basic and dated, with old fixtures, simple sinks (one pedestal, one wall-mounted), and basic shower stalls, requiring complete overhauls. Interior flooring is a mix of worn laminate and old, possibly stained carpet. Lighting fixtures are outdated throughout, and popcorn ceilings are visible. While currently occupied, the property's components are well beyond their expected lifespan and require substantial rehabilitation to meet modern standards, aligning with a 'poor' condition.
Year Built
1946
Close
-
List price
$629K
Original List price
$629K
Price/Sqft
$504
HOA
-
Days on market
-
Sold On
-
MLS number
226000131
Home ConditionPoor
Features
Patio
View-

About this home

Priced to move and rich with upside -- an inspired investor play in Thousand Oaks. This 3-bed / 2-bath home (approx. 1,249 sq ft) sits on a rare, deep 8,712-sqft parcel that immediately expands your options: tasteful renovation, accessory-unit development where permitted, or a garage conversion (detached garage may be suitable for conversion subject to city permits). The property benefits from long-term occupancy, offering stability and cashflow while you stage your next step. With a neighboring property that recently completed a sizable ADU, the local precedent is real -- this isn't theoretical upside, it's a tangible pathway you can pursue. For a hands-on investor or developer, this lot delivers multiple, low-friction strategies: hold and collect income while permitting and planning, renovate and increase rents, or add an income unit to scale NOI. Opportunities like this in Thousand Oaks are rare; bring your vision and capital and convert potential into performance. Buyer to verify all information.

J
Jonathon Trent
Listing Agent

Price History

Date
Event
Price
10/18/12
Sold
$193,000
Condition Rating
Poor
Built in 1946, this property is explicitly marketed as an 'investor play' requiring 'extensive renovation.' The kitchen features very dated white cabinets, worn laminate countertops, older white appliances, and a black and white checkered tile floor, all indicative of a full renovation need. Both bathrooms are extremely basic and dated, with old fixtures, simple sinks (one pedestal, one wall-mounted), and basic shower stalls, requiring complete overhauls. Interior flooring is a mix of worn laminate and old, possibly stained carpet. Lighting fixtures are outdated throughout, and popcorn ceilings are visible. While currently occupied, the property's components are well beyond their expected lifespan and require substantial rehabilitation to meet modern standards, aligning with a 'poor' condition.
Pros & Cons

Pros

High Available Lot Utilization: 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 = 1249.
Exceptional Development Potential: The generous 8,712 sqft lot provides significant opportunities for expansion, including Accessory Dwelling Unit (ADU) development, garage conversion, or substantial renovation.
Strong Investor Appeal: Positioned as 'priced to move and rich with upside,' this property offers clear strategies for investors to generate income, increase rents, or scale Net Operating Income (NOI).
Proven ADU Feasibility: The recent completion of a sizable ADU on a neighboring property establishes a tangible and 'low-friction' precedent for similar development on this parcel.
Desirable Thousand Oaks Location: Located in the highly sought-after city of Thousand Oaks, contributing to its inherent value and long-term appreciation potential.
Immediate Cash Flow Potential: Benefits from long-term occupancy, offering stability and potential cash flow for investors while they plan and permit future development.

Cons

Extensive Renovation Required: Built in 1946, the property is likely in need of significant renovation and modernization, requiring substantial capital investment and a clear vision.
Not Turnkey; Investor-Centric: The listing explicitly targets 'hands-on investors or developers,' indicating it's not a move-in ready home and requires active management and capital deployment.
Buyer Due Diligence Critical: The emphasis on 'Buyer to verify all information' and the implied need for permits for conversions highlight the necessity for thorough due diligence and potential regulatory hurdles.
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