
79 North Madrid Avenue, Thousand Oaks, CA 91320
79 North Madrid Avenue, Thousand Oaks, CA 91320
Property Description
Discover an exceptional opportunity in the heart of Newbury Park, Thousand Oaks! Offering 5 bedrooms, 3 full bathrooms, approximately 2,088 sq. ft. of living space on a 7,000 sq. ft. lot, this spacious single-story property presents incredible potential as a traditional family residence, multigenerational home, residential income property, or specialized residential care facility (Assisted Living / Residential Care Facility for the Elderly (RCFE)). Previously operated as an assisted living facility, the home features an existing fire sprinkler system, a newer roof replaced less than three years ago, a convenient single-level layout, and multiple bedrooms with sliding glass doors providing direct outdoor access, making it especially appealing for those exploring assisted living, board and care, sober living, independent living, senior housing, memory care, supportive housing, or other residential care opportunities. Inside, a warm and inviting living room welcomes you with laminate flooring and a charming brick fireplace, flowing into a comfortable dining area and a functional kitchen featuring white countertops and abundant cabinetry. Just beyond the dining area, a beautiful sunroom filled with natural light provides the perfect setting for a family room, reading lounge, hobby space, or recreational area. The generously sized primary bedroom features a private bathroom with dual sinks and two closets, including one with mirrored doors, while the additional bedrooms offer comfortable accommodations and closet space. Two additional versatile rooms provide flexibility for offices, TV rooms, activity spaces, or other uses, while the dining area offers potential for conversion into a sixth bedroom, subject to approvals. Outside, nine elegant, mature palm trees create a luxurious tropical atmosphere and enhance the property's curb appeal. With its spacious floor plan, newer roof, existing care-oriented features, and adaptable living spaces, this unique property offers outstanding possibilities for large families, live-in caregivers, co-living arrangements, transitional housing, nonprofit-supported housing, or investors seeking a property with multiple potential uses. A rare opportunity to bring your vision to life in desirable Newbury Park!
Features & Amenities
Property Details
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Comparative Market Analysis
Residential Tier · 5 active · 5 closed
Thousand Oaks · Single Family Residence
Listed 12.8% above the median closed sale of $975,000. Price per sqft ($527) is a 17% premium to closed comps ($450). Closed comps sold at 103% of list — strong seller's market.
Price Position
Positioned above the market — commands a premium.
Active Properties (5)
Active Comparables
| Address | City | Year | BD | BTH | SqFt | LotSz | LP/SqFt | LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|
| 65 Ocatillo Avenue | Thousand Oaks | 1966 | 5 | 3 | 2,024 | 7,840 | $489 | $989,900 | 13 | 97 |
| 363 Larcom Street | Thousand Oaks | 1968 | 4 | 3 | 2,136 | 6,969 | $538 | $1.15M | 28 | 95 |
| 1485 Norwich Avenue | Thousand Oaks | 1962 | 5 | 3 | 2,085 | 8,712 | $640 | $1.33M | 41 | 93 |
| 486 Raindance Street | Thousand Oaks | 1977 | 4 | 3 | 2,150 | 6,650 | $619 | $1.33M | 4 | 90 |
| 2100 Shady Brook dr | Thousand Oaks | 1970 | 4 | 3 | 2,103 | 5,227 | $499 | $1.05M | 59 | 90 |
| Total: 5 · Average | 4.4 | 3.0 | 2,099.6 | 7,079.6 | $557 | $1.17M | 29 | |||
| Median | 2,103 | $1.15M | ||||||||
Closed Properties (5)
Closed Comparables
| Address | City | Year | Date | BD | BTH | SqFt | LotSz | LP | SP | SP/SqFt | SP/LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 393 Larcom Street | Thousand Oaks | 1968 | 09/11/2026 | 5 | 3 | 2,226 | 6,969 | $950,000 | $957,000 | $430 | 1.01 | 35 | 97 |
| 2624 Velarde Drive | Thousand Oaks | 1968 | 09/09/2026 | 5 | 3 | 2,382 | 8,276 | $999,900 | $985,000 | $414 | 0.98 | 32 | 91 |
| 1423 Calle Fidelidad | Thousand Oaks | 1970 | 09/22/2026 | 4 | 3 | 2,241 | 8,276 | $1.13M | $1.13M | $502 | 1.00 | 39 | 90 |
| 3117 Fort Courage Avenue | Thousand Oaks | 1976 | 10/06/2026 | 4 | 3 | 1,900 | 7,405 | $675,000 | $825,000 | $434 | 1.22 | 28 | 88 |
| 1558 Dover Avenue | Thousand Oaks | 1962 | 10/01/2026 | 4 | 2 | 2,085 | 8,712 | $1.05M | $975,000 | $468 | 0.93 | 45 | 88 |
| Total: 5 · Average | 4.4 | 2.8 | 2,166.8 | 7,927.6 | $973,400 | $973,400 | $449.6 | — | 35.8 | ||||
| Median | 2,226 | $975,000 | $975,000 | ||||||||||
Market Analysis
List vs Sale $/SqFt
Sale Price Trend
Days on Market
Sale vs List Price
This analysis was generated automatically from MLS data. For an in-depth, human-reviewed valuation, contact Joseph Sardella at josephsardella@gmail.com.