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Brossard 4-plex 659 Brossard Dr 4 Unit Apartment Building $2,000,000 ($500,000/Unit) 5.66% Cap Rate Thousand Oaks, CA 91360
INVESTMENT HIGHLIGHTS
- With local apartments in short supply, these units offer an attractive alternative.
- Each unit has a private, fully fenced yard.
- Each unit is fully self contained with individual HVAC and laundry facilities.
EXECUTIVE SUMMARY
Come see this rare 4-plex in the heart of Thousand Oaks. All 4 units were renovated in 2021 and it's fully leased. The two front units have 3 bedrooms and 2 bathrooms, approximately 1,200 SF., with full fenced private yards. The two back units are studios, approximately 400 SF., with fenced private yards. All units included washer/dryers and separate HVAC. Professional property manager has detailed expense and repair records. The north end of the property may have enough space for additional units, buyer to investigate. If you're looking for a turn-key investment in Thousand Oaks, this is it.
FINANCIAL SUMMARY (ACTUAL - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$141,180
|
$45.40
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$141,180
|
$45.40
|
| Taxes |
$12,101
|
$3.89
|
| Operating Expenses |
$26,637
|
$8.56
|
| Total Expenses |
$38,738
|
$12.46
|
| Net Operating Income |
$102,442
|
$32.94
|
FINANCIAL SUMMARY (ACTUAL - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $141,180 |
| Annual Per SF | $45.40 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $141,180 |
| Annual Per SF | $45.40 |
| Taxes | |
|---|---|
| Annual | $12,101 |
| Annual Per SF | $3.89 |
| Operating Expenses | |
|---|---|
| Annual | $26,637 |
| Annual Per SF | $8.56 |
| Total Expenses | |
|---|---|
| Annual | $38,738 |
| Annual Per SF | $12.46 |
| Net Operating Income | |
|---|---|
| Annual | $102,442 |
| Annual Per SF | $32.94 |
PROPERTY FACTS
| Price | $2,000,000 | Apartment Style | Low-Rise |
| Price Per Unit | $500,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.33 AC |
| Cap Rate | 5.66% | Building Size | 3,110 SF |
| Gross Rent Multiplier | 5.9 | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 1 |
| Property Type | Multifamily | Year Built/Renovated | 1965/2021 |
| Property Subtype | Apartment | ||
| Zoning | RPD6 - Restricted Density Multiple Dwelling One-Family Dwellings, Two-Family Dwellings, Apartment Houses, Multiple Dwellings, Home Occupations | ||
| Price | $2,000,000 |
| Price Per Unit | $500,000 |
| Sale Type | Investment |
| Cap Rate | 5.66% |
| Gross Rent Multiplier | 5.9 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.33 AC |
| Building Size | 3,110 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built/Renovated | 1965/2021 |
| Zoning | RPD6 - Restricted Density Multiple Dwelling One-Family Dwellings, Two-Family Dwellings, Apartment Houses, Multiple Dwellings, Home Occupations |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Microwave
- Washer/Dryer
- Washer/Dryer Hookup
- Heating
- Hardwood Floors
- High Speed Internet Access
- Refrigerator
- Oven
- Sprinkler System
- Stainless Steel Appliances
- Range
- Tub/Shower
- Yard
- Dining Room
- Double Pane Windows
- Family Room
- Garden
- Patio
- Window Coverings
- Quartz Countertops
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 2 | $2,450 | 400 |
| 3+2 | 2 | $3,433 | 1,200 |
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Presented by
Contour Realty, Inc.
Brossard 4-plex | 659 Brossard Dr
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