79 N Madrid Avenue, Thousand Oaks, California 91320, Thousand Oaks, 91320 - 5 bed, 3 bath
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79 N Madrid Avenue
Thousand Oaks, California 91320
ACTIVE
CONDITION: GOOD
5Beds
3Baths
2,088Sq Ft
7,000Lot Size
Property Price
LIST PRICE$1,100,000
EST. MARKET VALUE
$1,046,332
5% AboveMARKET VALUE
SUMMARY
This Versatile Residential Asset is a High-Potential Investment Opportunity, listed at $1,100,000—positioned well above the $1,046,332 Fair Market Value by 5%. While priced slightly above market, the property features a Condition Rating of 3, including a newer roof and fire sprinkler system. Its 5-bedroom layout and RCFE-ready infrastructure provide significant utility for specialized housing. This property is an ideal acquisition for Residential Care Operators or Multigenerational Homeowners seeking a turnkey, adaptable space in Newbury Park.
Estimated Market Value
$1,046,332
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 |
|---|---|---|---|---|---|---|
★ 79 N Madrid Avenue Subject 5 bd · 3 ba · 2,088 sqft · $501 | $1,100,000* List Price | 5 | 3 | 2,088 | $501 | - |
A 36 Ilex Drive Sold 3 bd · 2 ba · 1,525 sqft · $662 · 0.2 mi | $1,010,000 | 3 | 2 | 1,525 | $662 | 0.2 mi |
B 1991 W Oracle Court Sold 5 bd · 3 ba · 2,257 sqft · $532 · 0.2 mi | $1,200,000 | 5 | 3 | 2,257 | $532 | 0.2 mi |
C 1983 Oracle Court Sold 3 bd · 3 ba · 2,051 sqft · $527 · 0.2 mi | $1,080,000 | 3 | 3 | 2,051 | $527 | 0.2 mi |
D 141 Giant Oak Avenue Sold 4 bd · 3 ba · 2,083 sqft · $521 · 0.5 mi | $1,085,000 | 4 | 3 | 2,083 | $521 | 0.5 mi |
E 35 Ilex Drive Sold 4 bd · 3 ba · 2,090 sqft · $494 · 0.2 mi | $1,032,000 | 4 | 3 | 2,090 | $494 | 0.2 mi |
F 30 N Jerome Avenue Sold 4 bd · 3 ba · 2,046 sqft · $507 · 0.4 mi | $1,037,500 | 4 | 3 | 2,046 | $507 | 0.4 mi |
G 81 S Jerome Avenue Active 4 bd · 2 ba · 1,836 sqft · $484 · 0.4 mi | $889,000 List Price | 4 | 2 | 1,836 | $484 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Although built in 1966, the property is well-maintained and move-in ready with significant updates including a newer roof (less than 3 years old) and updated laminate flooring throughout. The interior features fresh paint and a functional, clean layout. While the kitchen and bathrooms appear somewhat dated in style, they are fully operational, and the addition of a fire sprinkler system indicates professional maintenance and recent safety upgrades consistent with a 5-15 year renovation cycle.
PROSSTRENGTHS & OPPORTUNITIES
- Versatile Layout & RCFE Potential
The single-story, 5-bedroom floor plan includes an existing fire sprinkler system and direct outdoor access from multiple rooms, making it turnkey for assisted living, multigenerational housing, or specialized residential care.
- Recent Capital Improvements
A newer roof installed less than three years ago provides significant value and peace of mind, reducing immediate maintenance costs and enhancing the property's overall structural integrity.
- Spacious & Flexible Living Areas
Featuring a light-filled sunroom and over 2,000 sq. ft. of living space, the home offers excellent flexibility for a home office, recreation room, or potential conversion into additional bedrooms.
CONSRISKS & DEFICIENCIES
- Cosmetic Modernization Needed
Built in 1966 with standard finishes like laminate flooring and basic cabinetry, the interior may require aesthetic updates to compete with fully remodeled homes in the Newbury Park area.
- Institutional Influence
The previous use as a residential care facility may result in a layout or atmosphere that feels less like a traditional family residence, potentially requiring modifications for buyers seeking a standard domestic feel.
About 79 N Madrid Avenue
Discover an exceptional opportunity in the heart of Newbury Park, Thousand Oaks! Offering 5 bedrooms, 3 full bathrooms, approximately 2,088 sq. ft. of living space on a 7,000 sq. ft. lot, this spacious single-story property presents incredible potential as a traditional family residence, multigenerational home, residential income property, or specialized residential care facility (Assisted Living / Residential Care Facility for the Elderly (RCFE)). Previously operated as an assisted living facility, the home features an existing fire sprinkler system, a newer roof replaced less than three years ago, a convenient single-level layout, and multiple bedrooms with sliding glass doors providing direct outdoor access, making it especially appealing for those exploring assisted living, board and care, sober living, independent living, senior housing, memory care, supportive housing, or other residential care opportunities.Inside, a warm and inviting living room welcomes you with laminate flooring and a charming brick fireplace, flowing into a comfortable dining area and a functional kitchen featuring white countertops and abundant cabinetry. Just beyond the dining area, a beautiful sunroom filled with natural light provides the perfect setting for a family room, reading lounge, hobby space, or recreational area. The generously sized primary bedroom features a private bathroom with dual sinks and two closets, including one with mirrored doors, while the additional bedrooms offer comfortable accommodations and closet space.Two additional versatile rooms provide flexibility for offices, TV rooms, activity spaces, or other uses, while the dining area offers potential for conversion into a sixth bedroom, subject to approvals. Outside, nine elegant, mature palm trees create a luxurious tropical atmosphere and enhance the property's curb appeal.With its spacious floor plan, newer roof, existing care-oriented features, and adaptable living spaces, this unique property offers outstanding possibilities for large families, live-in caregivers, co-living arrangements, transitional housing, nonprofit-supported housing, or investors seeking a property with multiple potential uses. A rare opportunity to bring your vision to life in desirable Newbury Park!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1966
- Lot Size
- 7,000 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 | 2,088 | 2,127.858 |
| Lot Size | 7,000 | 9,656.536 |
| Price | $1.10M | $1.15M |
| Price per sq ft | $527 | $559 |
| Built year | 1966 | 1974 |
| HOA | $0 | $200 |
| Days on market | 15 | 50 |
Pricing History
Listed for Sale
Oct 9, 2026
$1,100,000
Initial Listing