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

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.