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693 Mccloud Ave
Thousand Oaks, CA 91360
89u | Adj. to The Oaks Mall | Value Add · Multifamily Property For Sale
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89 Units
Investment Highlights
- Rare Opportunity to Acquire Generational Property: First time on market in over 30 years
- Adj. to The Oaks Mall: 1.2M sf indoor/outdoor retail, dining, & entertainment destination
- Over Three Acres of Land: Highly amenitized property with potential for ADUs; Ample Parking with spaces for 160 vehicles
- 89u in Phenomenal Thousand Oaks Location in Ventura County
- Tremendous Value-Add Opportunity: Approximately 58% rental upside ($1,049/unit)
- No City RC: Rent incr restr. applies to the property due to favorable TO rent stabilization program parameters (per RR, no move-ins in prior 1987)
Property Facts
| No. Units | 89 | Building Size | 84,534 SF |
| Property Type | Multifamily | Average Occupancy | 98% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Garden | Year Built | 1970 |
| Building Class | C | Parking Ratio | 1.89/1,000 SF |
| Lot Size | 3.01 AC | Cross Streets | W Hillcrest Dr |
| Zoning | R3 | ||
| No. Units | 89 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 3.01 AC |
| Building Size | 84,534 SF |
| Average Occupancy | 98% |
| No. Stories | 3 |
| Year Built | 1970 |
| Parking Ratio | 1.89/1,000 SF |
| Cross Streets | W Hillcrest Dr |
| Zoning | R3 |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Heating
- Kitchen
- High Speed Internet Access
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Pool
- Elevator
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 6 | - | 496 |
| 1+1 | 60 | - | 813 - 1,071 |
| 2+2 | 23 | - | 926 - 1,137 |
Property Taxes
| Parcel Number | 525-0-041-095 | Improvements Assessment | $19,777,798 |
| Land Assessment | $8,170,200 | Total Assessment | $27,947,998 |
Property Taxes
Parcel Number
525-0-041-095
Land Assessment
$8,170,200
Improvements Assessment
$19,777,798
Total Assessment
$27,947,998
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