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Listed by Christopher Wall • First Team Real Estate
$ 290,000
Est. payment /mo
Active
500 East Hillcrest Thousand Oaks, CA 91360
4,356 Sqft Lot
UPDATED:
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID RS-26136749
Lot Size 4,356 Sqft
Source California Regional Multiple Listing Service (CRMLS)
Property Description
A rare infill opportunity on E Hillcrest Drive. This is a ±4,000 sq. ft. residential lot in the heart of Thousand Oaks, priced well below what the land appraises for.
Zoning is RPD-6.3U-SFD, which allows a custom single-family residence up to three stories. Entitlement is in process and nearing completion, meaning the hard part is already underway for whoever takes it over.
A recent Broker Price Opinion (BPO) puts the land at $400,000 as-is and $500,000 with entitlement finalized. The seller is motivated and will consider a short sale at a minimum of $290,000 cash offer and a quick close. The spread speaks for itself.
The location puts you next to established neighborhoods, medical offices, retail, restaurants, and parks, with quick access to the 101 and other major routes. Build to hold, build to sell, or land bank it while entitlement wraps.
Buyer to verify zoning, entitlement status, buildability, and utility availability with the City of Thousand Oaks.
Zoning is RPD-6.3U-SFD, which allows a custom single-family residence up to three stories. Entitlement is in process and nearing completion, meaning the hard part is already underway for whoever takes it over.
A recent Broker Price Opinion (BPO) puts the land at $400,000 as-is and $500,000 with entitlement finalized. The seller is motivated and will consider a short sale at a minimum of $290,000 cash offer and a quick close. The spread speaks for itself.
The location puts you next to established neighborhoods, medical offices, retail, restaurants, and parks, with quick access to the 101 and other major routes. Build to hold, build to sell, or land bank it while entitlement wraps.
Buyer to verify zoning, entitlement status, buildability, and utility availability with the City of Thousand Oaks.
Location
State CA
County Ventura
Area Toe - Thousand Oaks East
Zoning RPD-6.3-SFD
Exterior
Community Features Curbs, Sidewalks, Street Lights, Suburban
Utilities Available None
View Y/N No
View None
Building
Lot Description Gentle Sloping, Irregular Lot, Sloped Down, Value In Land
Sewer Unknown
Nearby Locations