399 Erbes Road, Thousand Oaks, CA 91362

$8,500,000

four-sons-thousand-oaks-ca-building-phot

Property Type: Residential Income Bedrooms: 45 Baths: 28 Square Footage: 22,229 Lot Size (sq. ft.): 36,154 Status: Closed

Current Price: $8,500,000 List Date: 2/22/2025 Last Modified: 5/21/2025

Overview

Description

Rare 26 unit apartment building in the heart of Thousand Oaks There are (17) 2 bedroom 1 bath units, (1) 3 bedroom, 2 bath unit, and (8) 1 bedroom 1 bath. units. The complex has a gated community pool, laundry room and each unit has a carport. No vacancy at this time. Rents can definitely be higher. Please see attached current unit and schedule

Listing Details MLS# 225000892

General Property Information

# Bedrooms: 45
Property Sub-Type: Commercial/Residential
Baths - Full: 28
Baths - Total: 28
Approx SqFt: 22229
Lot Acres: 0.83
Lot SqFt: 36154
Year Built: 1963
Common Walls: Yes

Property Features

Land Lease Type: Fee Simple Special Conditions: Standard Terms: Cash; Cash to New Loan Possession: Close of Escrow Lot Location: Corner Lot Property Condition: Updated/Remodeled Disclosures: Other Levels: Two Entry Location: Ground Level w/Steps Appliances: Dishwasher; Garbage Disposal; Refrigerator Laundry Equipment: Own Cooking Appliances: Cooktop - Electric; Electric; Oven Exterior Construction: Stucco Foundation: Concrete Slab Flooring: Carpet; Wood/Wood Like Cooling Type: Wall or Window Units Pool Construction: Gunite; In Ground Laundry Locations: Individual Room Security Safety: Resident Manager Roofing: Other Sewer: Public Sewer Water: District/Public Water Heater Feature: None Landlord Pays For: Pool Service; Water; Other Tenant Pays: Cable TV; Electricity Financing: Conventional Sold Terms: Standard Sale

Listing Location and Property Info

Entry Date: 2025-02-19
Listing Price: 10000000
Street #: 399
Street Name: Erbes
Suffix: Road
County: Ventura
State/Province: CA
Zip Code: 91362
APN/Tax ID: 6700210340
Area: TOE - Thousand Oaks East
Country: US

Listing Info

Total # of Units in Complex: 26

Property Info

View: No
Dwelling Total Floors: 2
Pool: Yes
Spa: No
Fireplace: No
Elevators: No

Status Change Info

Pending Date: 2025-04-10
Closed Date: 2025-05-19
Closed Price: 8500000
Sold Price/SqFt: 382.38
Seller Concessions: No

More Information

Units Information

Number of Units Leased: 26
Average SqFt Studio: 760
Average SqFt 2 Bedroom: 1020
# Separate Electric Meters: Yes

Parking SpacesInformation

Total Carport Spaces: 26

HOA 1 Information

HOA: No

Listing, Location and Property Info

Entry Date: 2025-02-22
List Price/SqFt: 449.86

Land Lease Type

Fee Simple: Yes

Special Conditions

Standard: Yes

Terms

Cash: Yes
Cash to New Loan: Yes

Possession

Close of Escrow: Yes

Financing

Conventional: Yes

Lot Location

Corner Lot: Yes

Property Condition

Updated/Remodeled: Yes

Disclosures

Other: Yes

Laundry Locations

Individual Room: Yes

Levels

Two: Yes

Entry Location

Ground Level w/Steps: Yes

Appliances

Dishwasher: Yes
Garbage Disposal: Yes
Refrigerator: Yes

Laundry Equipment

Own: Yes

Cooking Appliances

Cooktop - Electric: Yes
Electric: Yes
Oven: Yes

Roofing

Other: Yes

Sold Terms

Standard Sale: Yes

Exterior Construction

Stucco: Yes

Security Safety

Resident Manager: Yes

Foundation

Concrete Slab: Yes

Flooring

Carpet: Yes
Wood/Wood Like: Yes

Property/Land Information

Actual Total Rent $: 444000
Other Income 2: 5397.35

Cooling Type

Wall or Window Units: Yes

Pool Construction

Gunite: Yes
In Ground: Yes

Sewer

Public Sewer: Yes

Water

District/Public: Yes

Water Heater Feature

None: Yes

Parking Spaces/Information

Total Garage Spaces: 0

Landlord Pays For

Pool Service: Yes
Water: Yes
Other: Yes

Tenant Pays

Cable TV: Yes
Electricity: Yes

Listing Office: Berkshire Hathaway HomeServices California Properties

Listing Agent: Donna Vella | donna@donnavella.com

Agent Email: donna@donnavella.com

Last Updated: May - 21 - 2025

Based on information from the CSMAR Multiple Listing as of [date the AOR/MLS data was obtained]. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.