500 E Hillcrest, Thousand Oaks, CA 91360
- $290,000
- List Price
- $290,000
- Status
- ACTIVE
- MLS#
- RS26136749
- Lot Size
- 4,356
- Acres
- 0.10
- Lot Location
- Sloped Down, Gentle Sloping, Irregular Lot, Value In Land
- Days on Market
- 22
- Property Type
- Land
- Neighborhood
- Unknown
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.
Additional Information
- View
- None
- Sewer
- Unknown
- Water
- Public
- Attached Structure
- Detached
Listing courtesy of Listing Agent: Christopher Wall (chriswall023@gmail.com) from Listing Office: First Team Real Estate.
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.