$2352000 Price Analysis    ♡   Thousand Oaks, CA 91362 9 bed 9 bath 5299 SqFt ($443/SqFt) 0.25 acre lot. Built 1997 Listed 2024-06-03, Taxes $5992 | Ⓧ USDA Ineligible due to price & location near Thousand Oaks |
We are proud to announce that we have been selected as the exclusive marketing agent for the prime investment opportunity located at 3195 Royal Oaks
Thousand Oaks, California. The Royal Oaks property currently consists of one, free-standing single-family residence operating as four bedrooms and three baths plus three, two bedroom, two bath townhouse style units (with enclosed yards/patios) and one single plus one bath ADU (permitted and finalized). The property appears to have been well maintained by the current, hands-on, ownership who, until approximately 9 months ago, lived in the single-family unit and has owned the property for approximately 45 years. Pride of ownership. Excellent location. Finished garages, concrete drive and gated. Excellent unit mix and A+ location. Eight parking spaces with possible room for more. Individually metered, ADU sub metered. Perfect for owner occupancy plus income. Real capitalization rate of 4.77% including professional management.
10%+ upside in rents. SFR patio is highly upgraded.The SFR was remodeled in 1991. The fouplex was built in 1997. The SFR was originally permitted as a 2 bedroom, 1 1/2 bath. The bonus room/den is essentially a bedroom as it has a closet and window. The garage was converted to a bedroom and bath, not permitted and is operated as a 4 bedroom/3 bath. The assessor appears to have th incorrect square footage listed. Assessor square footage is listed at 4, 720 prior to c ompletion of ADU permit noted at 579 sq.ft. Square footage per seller is 5, 673. Per assessor, with ADU addition, 5, 299. Investor to verify square footage totals. Seller and broker make no warranties, expressed or implied, as to the square footage. Apartment E, the single, was originally approved as a recreation room. The seller has completed the process and the unit is officially an additional dwelling unit (ADU). Permit states 579 square feet. Completion date, May 3, 2024. The attached, two car finished garage is being used by the seller. We have estimated a rental rate of $300 per month. Original construction of the home was 1953 per assessor.
Presented by Braemon Hanes at
Hanes Investment Rlty.
Property MLS #SR24110368 from CRMLS
Fireplace Features: Family Room, Wood Burning
Heating Features: Central
Heating: Yes
Fencing: Fence YN: Yes, Fencing: Good Condition, Wood
Road Frontage Type: City Street
Road Surface Type: Paved
Garage Spaces: 2
Parking Features: Parking YN: Yes, Parking Features: Auto Driveway Gate, Carport, Attached Carport, Driveway, Concrete, Garage, Garage Faces Side, Parking Space, Private
Parking Total: 8
Lot Size Acres: 0.2507
Lot Size Source: Assessor
Lot Size Square Feet: 10920
Bedrooms in Unit-1: 3
Bedrooms in Unit-2: 2
Total Bathrooms in Unit-1: 2
Total Bathrooms in Unit-2: 2
Total Bathrooms in Unit-3: 1
Gardener Expense: 1200.00
Maintenance Expense: 8325.00
Vacancy Allowance: 3330
County: Ventura
Cap Rate: 4.77
Tax Year: 2024
Other Expense: 600.00
Source Property Type: Residential Income
Exclusions: Any tenant owned personal property.
Insurance Expense: 6000.00
Area: TOW - Thousand Oaks West
Source Neighborhood: Other (OTHR)
New Taxes Expense: 25166.00
Number of Separate Electric Meters: 5
Number of Separate Gas Meters: 5
Number of Separate Water Meters: 5
Parcel Number: 6710181050
Pest Control Expense: 600.00
Professional Management Expense: 8325.00
Subdivision: Other (OTHR)
Trash Expense: 780.00
Zoning: RPD15U
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $460746 + $62745 $523491 | $5992 |
| 2021 | $451712 + $61515 $513227 | $5888 |
| 2020 | $447081 + $60885 $507966 | $5456 |
| 2019 | $438315 + $59692 $498007 | $5312 |
| 2018 | $429721 + $58522 $488243 | $5204 |
| 2017 | $420707 + $57375 $478082 | $5096 |
| 2016 | $406870 + $56250 $463120 | $4989 |
| 2015 | $400759 + $55406 $456165 | $4901 |
| 2014 | $392909 + $54322 $447231 | $4828 |
| 2013 | $391134 + $54078 $445212 | $4801 |
| 2012 | $383465 + $53018 $436483 | $4715 |
| 2010 | $375947 + $51979 $427926 | $4554 |
| 2009 | $374026 + $51715 $425741 | $4550 |
| 2009 | $373139 + $51592 $424731 | $4550 |
| 2008 | $366693 + $50701 $417394 | $4458 |
| 2007 | $359503 + $49707 $409210 | $4327 |
$2352000
CRMLS
Listing removed 2020-01-14
$2190
CRMLSFlex
Listing removed 2020-01-14
$2190
CRMLSFlex
Year Built: 1997
Building Features: 2
Common Walls: 2+ Common Walls
Construction Materials: Block, Stucco
Entry Level: 1
Entry Location: Front & Side
Improvements: 1764000
Property Age: 27
Property Attached: Yes
Property Condition: Additions/Alterations
Roof: Composition, Shingle
Building Total Stories: 2
Structure Type: Apartment
Year Built Source: Seller
Sewer: Sewer: Public Sewer
Electricity Connected
Natural Gas Connected
Phone Connected
Sewer Connected
Water Connected
Water Source: Public
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.