500 E Hillcrest
Property Overview
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.
Home Details
- Property type
- Land
- Lot size
- 4,356 sq ft
- Days on market
- 66
- MLS status
- Active
- Zoning
- RPD-6.3-SFD
Features & Amenities
Lot
- Sloped Down
- Gentle Sloping
- Irregular Lot
- Value In Land
Community, Schools & Utilities
Community
- Subdivision
- Unknown
- View
- None
Utilities
- Water
- Public
- Sewer
- Unknown
Location & Neighborhood
Frequently Asked Questions About 500 E Hillcrest
Property type: Land
What clients say
“Reza was the best agent we have ever worked with.”Russell & Susan McQueen
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