388 E Gainsborough Road, Thousand Oaks, California 91360, Thousand Oaks, 91360 - 4 bed, 3 bath
Loading property details...
388 E Gainsborough Road
Thousand Oaks, California 91360
ACTIVE
CONDITION: POOR
4Beds
3Baths
2,265Sq Ft
10,925Lot Size
Property Price
LIST PRICE$899,900
EST. MARKET VALUE
$910,665
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $899,900—positioned well below the $910,666 Fair Market Value by 1.2%. This valuation gap offers $10,766 in Instant Equity. With a Condition Rating of 5, the home requires a comprehensive interior rehab to modernize its 1961 origins. The 10,925 sqft lot and 2,265 sqft footprint provide a solid foundation for value-add renovations. This is an ideal acquisition for Fix-and-Flip Investors or Contractors seeking a project in a well-established Thousand Oaks neighborhood.
Estimated Market Value
$910,665
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 |
|---|---|---|---|---|---|---|
★ 388 E Gainsborough Road Subject 4 bd · 3 ba · 2,265 sqft · $402 | $899,900* List Price | 4 | 3 | 2,265 | $402 | - |
A 1363 Sterling Drive Sold 4 bd · 2 ba · 2,347 sqft · $401 · 0.2 mi | $940,000 | 4 | 2 | 2,347 | $401 | 0.2 mi |
B 1016 Saxon Place Sold 4 bd · 2 ba · 2,105 sqft · $461 · 0.0 mi | $970,000 | 4 | 2 | 2,105 | $461 | 0.0 mi |
C 1330 Norman Avenue Sold 4 bd · 2 ba · 2,300 sqft · $391 · 0.3 mi | $900,000 | 4 | 2 | 2,300 | $391 | 0.3 mi |
D 1558 Dover Avenue Sold 4 bd · 2 ba · 2,085 sqft · $468 · 0.7 mi | $975,000 | 4 | 2 | 2,085 | $468 | 0.7 mi |
E 740 Benson Way Sold 4 bd · 3 ba · 2,210 sqft · $378 · 0.5 mi | $835,000 | 4 | 3 | 2,210 | $378 | 0.5 mi |
F 252 W Columbia Road Sold 5 bd · 3 ba · 1,804 sqft · $485 · 0.8 mi | $875,000 | 5 | 3 | 1,804 | $485 | 0.8 mi |
G 349 Somerset Circle Sold 5 bd · 3 ba · 2,596 sqft · $424 · 0.9 mi | $1,100,000 | 5 | 3 | 2,596 | $424 | 0.9 mi |
H 935 E Hillcrest Drive Sold 3 bd · 2 ba · 1,475 sqft · $488 · 0.8 mi | $720,000 | 3 | 2 | 1,475 | $488 | 0.8 mi |
I 1524 Dover Avenue Pending 4 bd · 2 ba · 1,961 sqft · $446 · 0.6 mi | $875,000 List Price | 4 | 2 | 1,961 | $446 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1961, this property is over 60 years old and retains most of its original interior features. The kitchen and bathrooms are severely dated, featuring 1960s/70s era cabinetry, wallpaper, and fixtures that exceed the 30-50 year renovation threshold. While the home has updated windows and appears well-cared for, the presence of popcorn ceilings, original systems, and aged flooring indicates a need for a comprehensive interior rehab.
PROSSTRENGTHS & OPPORTUNITIES
- 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 = 10925, living area = 2265.
- Generous Single-Story Footprint
Boasting 2,265 square feet of living space on a single level, this home offers a rare and highly functional layout that provides both accessibility and spaciousness for families or those looking to age in place.
- Substantial Lot and Outdoor Living
The expansive 10,925 square foot lot features mature landscaping and a large covered patio, providing a private and versatile outdoor sanctuary for entertaining and gardening.
CONSRISKS & DEFICIENCIES
- Requirement for Modernization
The property retains many original 1961 details and is marketed as a project 'ready for your vision,' suggesting that significant cosmetic and functional updates are needed to meet modern luxury standards.
- Lack of Scenic Views
Unlike many premium residences in the Thousand Oaks area that offer hillside or valley vistas, this property is noted as having no specific view, which may limit its competitive appeal.
About 388 E Gainsborough Road
Full of character and potential, this thoughtfully cared-for single-story Thousand Oaks home is ready for your vision. Spacious living areas, a welcoming brick fireplace, and updated double-pane windows and sliding doors throughout create an inviting setting with plenty of natural light. The kitchen offers abundant cabinetry and an adjoining dining area, while the home's original details provide an opportunity to blend its timeless personality with your own style.The expansive backyard offers room to relax, gather, and garden, surrounded by beautiful landscaping and mature trees. Enjoy outdoor meals beneath the large covered patio or spend quiet mornings overlooking the greenery. A storage shed and attached two-car garage add everyday practicality.Conveniently located near shopping centers, restaurants, and easy freeway access. This home brings together space, character, and the opportunity to create something special.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1961
- Lot Size
- 10,925 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Thousand Oaks Unified Schools
Glenwood Elementary School
Grades K-5 • 0.2 mi
4/10
Redwood Middle School
Grades 6-8 • 0.8 mi
6/10
Thousand Oaks High School
Grades 9-12 • 1.3 mi
7/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 4.0 |
| Baths | 3.0 | 2.8 |
| Square foot | 2,265 | 2,127.858 |
| Lot Size | 10,925 | 9,656.536 |
| Price | $899.9K | $1.15M |
| Price per sq ft | $397 | $559 |
| Built year | 1961 | 1974 |
| HOA | $0 | $200 |
| Days on market | 3 | 50 |
Pricing History
Listed for Sale
Oct 21, 2026
$899,900
Initial Listing