3195 Royal Oaks Dr, Thousand Oaks, CA 91362

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.