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1865 El Monte Dr 3 Unit Apartment Building $1,900,000 ($633,333/Unit) 4.92% Cap Rate Thousand Oaks, CA 91362
INVESTMENT HIGHLIGHTS
- Recently Renovated
- SB9 Conversion Fully Remodeled
- Two on a Lot
- Great Owner User Opportunity or Long Term Investment
- Minimal Maintenance
EXECUTIVE SUMMARY
Fantastic Owner User or Long Term Investment Opportunity in much desirable Thousand Oaks! Recently remodeled SB9 conversion, consist of a high-end multi-unit compound surrounded by matured trees, nestled in beautiful Old Meadow Oaks neighborhood. Just under one third of an acre lot - approximately 3,208 sf offers 2 fantastic residential units - Unit A - 2 bedrooms + 2 baths and Unit B - 2 bedrooms + 3 baths and auxiliary studio. The compound has been meticulously crafted and thoughtfully designed; each unit has its own private entrances, assigned parking, access to lush manicure backyards and storage units. The bright & open concept spaces are complete with stunning chefs' kitchens, perfect for entertaining; features high-end appliances, farmhouse sinks, large islands with breakfast bar, custom cabinetry and finishes. The Property is located within minutes from Conejo Creek North Park and many incredible bike and hiking trails. A must see one of kind property!
FINANCIAL SUMMARY (ACTUAL - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$116,400
|
$35.27
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$116,400
|
$35.27
|
| Taxes |
$16,444
|
$4.98
|
| Operating Expenses |
$6,696
|
$2.03
|
| Total Expenses |
$23,140
|
$7.01
|
| Net Operating Income |
$93,260
|
$28.26
|
FINANCIAL SUMMARY (ACTUAL - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $116,400 |
| Annual Per SF | $35.27 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $116,400 |
| Annual Per SF | $35.27 |
| Taxes | |
|---|---|
| Annual | $16,444 |
| Annual Per SF | $4.98 |
| Operating Expenses | |
|---|---|
| Annual | $6,696 |
| Annual Per SF | $2.03 |
| Total Expenses | |
|---|---|
| Annual | $23,140 |
| Annual Per SF | $7.01 |
| Net Operating Income | |
|---|---|
| Annual | $93,260 |
| Annual Per SF | $28.26 |
PROPERTY FACTS
| Price | $1,900,000 | Building Class | C |
| Price Per Unit | $633,333 | Lot Size | 0.31 AC |
| Sale Type | Investment | Building Size | 3,208 SF |
| Cap Rate | 4.92% | Average Occupancy | 100% |
| No. Units | 3 | No. Stories | 1 |
| Property Type | Multifamily | Year Built/Renovated | 1959/2022 |
| Property Subtype | Apartment | Parking Ratio | 1.87/1,000 SF |
| Apartment Style | Single-Family Home | ||
| Zoning | R1-13 - Residential | ||
| Price | $1,900,000 |
| Price Per Unit | $633,333 |
| Sale Type | Investment |
| Cap Rate | 4.92% |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Single-Family Home |
| Building Class | C |
| Lot Size | 0.31 AC |
| Building Size | 3,208 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built/Renovated | 1959/2022 |
| Parking Ratio | 1.87/1,000 SF |
| Zoning | R1-13 - Residential |
AMENITIES
- Smoke Detector
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Microwave
- Storage Space
- Double Vanities
- Vaulted Ceiling
- Refrigerator
- Stainless Steel Appliances
- Range
- Walk-In Closets
- Double Pane Windows
- Garden
- Skylights
- Wheelchair Accessible (Rooms)
- Window Coverings
SITE AMENITIES
- Fenced Lot
- Gated
- Wheelchair Accessible
- Car Charging Station
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+2 | 1 | $4,700 | 1,760 |
| 2+3 | 2 | $4,950 | 1,768 |
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