65 Ocatillo Avenue, Thousand Oaks, California 91320, Thousand Oaks, 91320 - 5 bed, 3 bath
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65 Ocatillo Avenue
Thousand Oaks, California 91320
ACTIVE
CONDITION: POOR
5Beds
3Baths
2,024Sq Ft
7,840Lot Size
Property Price
LIST PRICE$989,900
EST. MARKET VALUE
$953,816
3% AboveMARKET VALUE
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $999,900—positioned well below the $956,783 Fair Market Value by -4%. While the property requires a comprehensive renovation due to its Fair Condition Rating, the 5-bedroom layout and ADU potential in the pool cabana offer significant upside for forced appreciation. Located in the Conejo Valley Unified school district, this home provides a rare canvas for value-add projects. It is an ideal acquisition for Fix-and-Flip Investors or Owner-Occupants seeking to build equity through strategic modernization.
Estimated Market Value
$953,816
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 |
|---|---|---|---|---|---|---|
★ 65 Ocatillo Avenue Subject 5 bd · 3 ba · 2,024 sqft · $471 | $989,900* List Price | 5 | 3 | 2,024 | $471 | - |
A 11 N Madrid Avenue Sold 4 bd · 2 ba · 1,775 sqft · $442 · 0.1 mi | $785,000 | 4 | 2 | 1,775 | $442 | 0.1 mi |
B 141 Giant Oak Avenue Sold 4 bd · 3 ba · 2,083 sqft · $521 · 0.4 mi | $1,085,000 | 4 | 3 | 2,083 | $521 | 0.4 mi |
C 81 S Jerome Avenue Active 4 bd · 2 ba · 1,836 sqft · $484 · 0.3 mi | $889,000 List Price | 4 | 2 | 1,836 | $484 | 0.3 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 1966 with renovations (kitchen and baths) appearing to be over 30 years old. The kitchen features dated tile countertops and older white appliances, while the presence of a window AC unit suggests the primary HVAC system may be inadequate or aged. The listing description explicitly invites a full renovation to 'bring your vision to life,' indicating the property requires a comprehensive rehab rather than minor cosmetic updates.
PROSSTRENGTHS & OPPORTUNITIES
- ADU Potential & Outdoor Living
The property features a sparkling pool with mountain views and a rare opportunity to convert the existing pool storage/cabana into an Accessory Dwelling Unit (ADU), significantly increasing property value and utility.
- Versatile Floor Plan
With five bedrooms, including a convenient downstairs bedroom and a primary suite with a private balcony, the 2,024-square-foot layout offers excellent flexibility for multigenerational living or a home office.
- Prime Location
Situated in a highly sought-after Newbury Park neighborhood, the home is ideally located near award-winning schools, scenic hiking trails, and parks, offering a premium Southern California lifestyle.
CONSRISKS & DEFICIENCIES
- Renovation Required
The property is marketed as a renovation project, meaning buyers will need to budget for significant updates and cosmetic improvements to modernize the 1966 interior and systems.
- Extended Market Time
With over 60 days on the market, the property may face perception challenges regarding its pricing or the extent of repairs needed compared to move-in-ready homes in the area.
About 65 Ocatillo Avenue
Nestled in one of Newbury Park's most sought-after communities, this spacious 5-bedroom, 2-bath home offers beautiful mountain views and an unbeatable location near award-winning schools, scenic parks, hiking trails and possible ADU where the pool storage/cabana is currently!!! Wow ! A rare opportunity to enjoy the lifestyle this exceptional neighborhood has to offer.Inside, you'll find a desirable floor plan featuring soaring vaulted ceilings, natural light, a cozy fireplace, and a kitchen with a window overlooking the sparkling backyard pool and built-in breakfast seating. A downstairs bedroom provides flexibility for guests, a home office, or multigenerational living.Upstairs, the primary suite features a private balcony where you can take in the peaceful mountain views. Outside, the sparkling pool and expansive concrete patios create the perfect backdrop for entertaining, relaxing, and enjoying Southern California's indoor-outdoor lifestyle.Unlock the potential of this well-located home and bring your vision to life. Ready for its next chapter, this residence presents an exceptional opportunity to update, renovate, and make it your own. With great bones, timeless features, and an outstanding floor plan, the possibilities are endless. Whether you're creating your forever home or searching for a property with tremendous potential, this is a rare chance to transform a home in one of Newbury Park's most desirable neighborhoods into something truly special.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1966
- Lot Size
- 7,840 Sq. Ft.
Interior
- Total Bedrooms
- 5
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 4.0 |
| Baths | 3.0 | 2.8 |
| Square foot | 2,024 | 2,127.858 |
| Lot Size | 7,840 | 9,656.536 |
| Price | $989.9K | $1.15M |
| Price per sq ft | $489 | $559 |
| Built year | 1966 | 1974 |
| HOA | $0 | $200 |
| Days on market | 91 | 50 |
Pricing History
Listed for Sale
Oct 12, 2026
$989,900
$999,900
-1% Price Drop
Initial Listing
Price Change
Aug 21, 2026
$0
$999,900
Initial Listing
Price Change
Jul 10, 2026
$999,900
Initial Listing
Sold
Jun 20, 1997
$225,000
Public Record