3195 Royal Oaks Drive, Thousand Oaks, CA 91362

$2,352,000
List Price
$2,352,000
Status
ACTIVE
MLS#
SR24110368
Year Built
1997
Lot Size
10,920
Acres
0.25
Lot Location
16-20 Units/Acre, Front Yard, Garden, Landscaped, Level, Near Public Transit, Paved, Rectangular Lot, Street Level
Days on Market
42
Property Type
Multifamily
Style
Patio Home
Property Sub Type
Apartment
Neighborhood
, Thousand Oaks

Property Description

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 very 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 the incorrect square footage listed. Assessor square footage is listed at 4,720 prior to completion 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.

Additional Information

Pool Description
None
Fireplace Description
Family Room, Wood Burning
Heat
Central
Cooling
Yes
Cooling Description
Central Air
View
None
Exterior Construction
Block, Stucco
Roof
Composition, Shingle
Garage Spaces Total
2
Sewer
Public Sewer
Water
Public
Attached Structure
Attached
Number Of Units Total
5
Gross Scheduled Income
$166,500
Operating Expense
51096

Listing courtesy of Listing Agent: Braemon Hanes (braemon@hanesre.com) from Listing Office: Hanes Investment Rlty.

Mortgage Calculator

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Calculator source: Real Geeks

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.