3925 Elkwood Street, Newbury Park, California 91320, Newbury Park, 91320 - 4 bed, 2 bath
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Newbury Park, California 91320
This Value-Add Residential Asset is a High-Potential Investment Opportunity listed at $779,000—positioned well below the $793,030 Fair Market Value by 1%. This valuation gap provides $14,030 in Instant Equity for buyers prepared to execute a comprehensive renovation. Marketed as a Contractor's dream, the home features scenic Boney Mountain views and a versatile 1,896-square-foot layout within the Conejo Valley Unified district. With a Condition Score of 5, it requires significant modernization to reach peak market value. This acquisition is ideal for Fix-and-Flip Investors or Contractors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3925 Elkwood Street Subject | $779,000* List Price | 4 | 2 | 1,896 | $418 | - |
A 968 Tapies Court Active | $800,000 List Price | 5 | 2 | 2,558 | $313 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1971 (53+ years old) with no evidence of significant renovations. The listing explicitly describes the property as a 'Contractor's dream' and 'ready for someone with vision,' which are industry terms for a major fixer-upper. Interior photos reveal heavily stained carpeting, dated popcorn ceilings, and original 1970s architectural features, indicating that the kitchen, bathrooms, and major systems likely require a full rehab to meet modern standards.
Situated in the sought-after Cal Classic neighborhood, the property offers scenic views of Boney Mountain and immediate access to Hickory Park and local hiking trails.
The 1,896-square-foot floor plan includes a family room addition and a flexible configuration, allowing for the creation of an expansive upstairs primary retreat or home office.
Priced competitively as a 'contractor's dream,' this property provides a rare opportunity to build equity through renovation in a high-demand area of the Conejo Valley.
Marketed as a fixer-upper, the home requires substantial vision and capital investment to modernize and repair, which may not appeal to traditional buyers.
Built in 1971, the property likely features original systems and finishes that may necessitate costly updates to meet current building standards and aesthetic preferences.
Contractor's dream in the heart of Newbury Park! Opportunity is knocking in the highly desirable Cal Classic neighborhood! This 4-bedroom, 2-bath home with approximately 1.896 square feet is full of potential and ready for someone with vision and creativity. From the front of the home, enjoy views of majestic Boney Mountain, and just a few steps away, you'll find Hickory Park and nearby local trails--perfect for enjoying the best of the Conejo Valley lifestyle. This much-loved home offers a flexible floor plan with exciting possibilities. Originally designed with the primary suite downstairs, the versatile layout gives you room to dream. The second floor could potentially be transformed into an expansive primary retreat, private office, guest suite, or creative getaway. The living room features a fireplace, the home includes a direct-access 2-car garage, and includes a generously-sized family room addition.The backyard offers mature lemon and orange trees and plenty of room to reimagine the outdoor space. Priced to sell, this is a rare chance to create something special in one of Newbury Park's most loved neighborhoods.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 2.0 | 3.0 | 40% |
| Square foot | 1,896 | 2,036 | 41% |
| Lot Size | 6,969 | 8,276 | 32% |
| Price | $779.0K | $1.10M | 5% |
| Price per sq ft | $411 | $542 | 6% |
| Built year | 1971 | 1978 | 32% |
| HOA | $0 | $0 | 50% |
| Days on market | 33 | 141 | 2% |
May 4, 2026
$779,000
Initial Listing