399 Erbes Road, Thousand Oaks, CA 91362
$8,500,000
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
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
Supplements: ********
More Information MLS# 225000892
Status Change Info
Sold Price/SqFt: 382.38
Seller Concessions: No
Purchase Contract Date: 2025-04-10
Close Date: 2025-05-19
Close Price: 8500000
Listing, Location and Property Info
Entry Date: 2025-02-22
List Price/SqFt: 449.86
General Property Information
Common Walls: Yes
Beds Total: 45
Property Sub Type: Commercial/Residential
Baths Full: 28
Baths Total: 28
Living Area: 22229
Lot Size Acres: 0.83
Lot Size Square Feet: 36154
Year Built: 1963
Listing Info
Total # of Units in Complex: 26
Property Info
View: No
Pool: Yes
Spa: No
Fireplace: No
Elevators: No
Stories: 2
Land Lease Type
Fee Simple: 1
Special Conditions
Standard: 1
Terms
Cash: 1
Cash to New Loan: 1
Possession
Close of Escrow: 1
Financing
Conventional: 1
Lot Location
Corner Lot: 1
Property Condition
Updated/Remodeled: 1
Disclosures
Other: 1
Units Information
Number of Units Leased: 26
Average SqFt Studio: 760
Average SqFt 2 Bedroom: 1020
NumberOfSeparateElectricMeters: 1
Laundry Locations
Individual Room: 1
Levels
Two: 1
Entry Location
Ground Level w/Steps: 1
Appliances
Dishwasher: 1
Garbage Disposal: 1
Refrigerator: 1
Laundry Equipment
Own: 1
Cooking Appliances
Cooktop - Electric: 1
Electric: 1
Oven: 1
Roofing
Other: 1
Sold Terms
Standard Sale: 1
Exterior Construction
Stucco: 1
Security Safety
Resident Manager: 1
Foundation
Concrete Slab: 1
Flooring
Carpet: 1
Wood/Wood Like: 1
Property/Land Information
Actual Total Rent $: 444000
Other Income 2: 5397.35
Cooling Type
Wall or Window Units: 1
Pool Construction
Gunite: 1
In Ground: 1
Sewer
Public Sewer: 1
Water
District/Public: 1
Water Heater Feature
None: 1
Parking Spaces/Information
Total Garage Spaces: 0
HOA 1 Information
HOA: No
Landlord Pays For
Pool Service: 1
Water: 1
Other: 1
Tenant Pays
Cable TV: 1
Electricity: 1
Listing Location and Property Info
Status: Closed
Listing Contract Date: 2025-02-19
Sold Price: $8,500,000
Current Price: $8,500,000
Street #: 399
Street Name: Erbes
Street Suffix: Road
County: Ventura
State: CA
Postal Code: 91362
Parcel Number: 6700210340
MLS Area: TOE - Thousand Oaks East
Country: US
Parking SpacesInformation
Carport Spaces: 26
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
Levels: Two
Appliances: Dishwasher; Garbage Disposal; Refrigerator
Laundry Equipment: Own
Cooking Appliances: Cooktop - Electric; Electric; Oven
Exterior Construction: Stucco
Foundation: Concrete Slab
Flooring: Carpet
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 Heater Feature: None
Landlord Pays For: Pool Service; Water
Tenant Pays: Cable TV; Electricity
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.