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170 Erbes rd - 30 Unit Multi Family Development

0.74 Acres of Commercial Land Offered at £1,557,076 in Thousand Oaks, CA 91362

Investment Highlights

  • Prime location.
  • Close to various restaurant, retail, and top-tier schools.

Executive Summary

Exciting Opportunity for BUILDERS, DEVELOPERS, and INVESTORS! Unlock the potential of this Fully Entitled 30 Unit Condo Style Apartment Development situated in a very desirable location, just a stone's throw away from Thousand Oaks City Hall and Ventura County's top-tier schools. Nestled within a few hundred feet of the bustling Thousand Oaks Blvd corridor, known for its exquisite dining, quick bites, and fantastic shopping, this development promises to be a gem. Discover the charm of this meticulously designed development, boasting a diverse range of units to cater to various lifestyles. With three 2+1 Lofts, sixteen 1+1 Lofts, one 2+1 Flat, and ten 1+1 Flats, there's something for everyone. Notably, the majority of units are designated as Market Rate units with the exception of five units, ensuring a lucrative return on investment.
Convenience meets accessibility with ground-level Parking and an inviting Lobby complete with a mailroom. Residents will relish the amenities, including a central Courtyard, tranquil seating areas, a sizzling BBQ area, a cozy Fire Pit, a state-of-the-art Business Center, and a well-equipped Gym. Don't miss out on this incredible opportunity to turn this prime location into a thriving investment. Seize the moment and make your mark in Thousand Oaks. Contact us today to learn more about this
exceptional property.

Property Facts

Price £1,557,076
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Multifamily
  • Apartment Units
  • Apartment Units - Condo
Total Lot Size 0.74 AC

1 Lot Available

Lot

Price £1,557,076
Price Per AC £2,104,156
Lot Size 0.74 AC

Close proximity to Thousand Oaks City Hall and Ventura County's top-tier schools. The lot is fully entitled for 30 unit condo style apartments.

Walk Score ®
Very Walkable (74)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
670-0-250-230
Land Assessment
£320,772
Improvements Assessment
£0
Total Assessment
£320,772

zoning

Zoning Code RPD-20U (One-Family Dwellings, Two-Family Dwellings, Apartment Houses, Multiple Dwellings, Home Occupations - Redvelopment)
RPD-20U (One-Family Dwellings, Two-Family Dwellings, Apartment Houses, Multiple Dwellings, Home Occupations - Redvelopment)
  • Listing ID: 32908573

  • Date on Market: 21/08/2024

  • Last Updated:

  • Address: 170 Erbes rd, Thousand Oaks, CA 91362

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