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79 North Madrid Avenue, Thousand Oaks, CA 91320

$1.1M5bd · 3ba · 2,088 sqft
Lot 7,000 sqft•Single Family Residence•
Active
•5d on market•MLS# V1-39197

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

FeeBuilt 1966

Property Details

Land Type
Fee
Year Built
1966
Property Type
Residential
Property Subtype
Single Family Residence
Garage Spaces
2
Heating
Forced Air
View
None
Flooring
Laminate
City
Thousand Oaks
Zip Code
91320
County
Ventura
Listed byeXp Realty of California Inc, Jose Luiz Morales

Mortgage Calculator

Current Rates

$
$
%
Monthly Payment
$5,562.20
Principal & Interest
Loan Amount
$880,000
Total Interest
$1,122,391
Total Payment Over 30 Years
$2,002,391
This calculator provides estimates only. Actual mortgage payments may include taxes, insurance, HOA fees, and PMI. Contact a lender for accurate quotes.

Comparative Market Analysis

Residential Tier · 5 active · 5 closed

79 North Madrid Avenue, Thousand Oaks, CA 91320

Thousand Oaks · Single Family Residence

$1.1M
Residential Tier
Beds
5
Baths
3
Sqft
2,088
Lot
7,000 sqft
Year
1966
$/Sqft
$527
Pool: No✓
Spa: No✓
View: None✓
Garage: 2-car✓

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.

Premium
Subject listed at $1.10M· $527/sqft
Total list price
Closed comps
vs closed median $975K
+$125K (+12.8%)
Active comps
vs active median $1.15M
−$50K (−4.3%)
Price per sqft
Closed compsinsufficient comp data
Active comps
vs active avg $/sqft $557
−$30 (−5.4%)

Active Properties (5)

Active Comparables

AddressCityYearBDBTHSqFtLotSzLP/SqFtLPDIMScore
65 Ocatillo AvenueThousand Oaks1966532,0247,840$489$989,9001397
363 Larcom StreetThousand Oaks1968432,1366,969$538$1.15M2895
1485 Norwich AvenueThousand Oaks1962532,0858,712$640$1.33M4193
486 Raindance StreetThousand Oaks1977432,1506,650$619$1.33M490
2100 Shady Brook drThousand Oaks1970432,1035,227$499$1.05M5990
Total: 5 · Average4.43.02,099.67,079.6$557$1.17M29
Median2,103$1.15M

Closed Properties (5)

Closed Comparables

AddressCityYearDateBDBTHSqFtLotSzLPSPSP/SqFtSP/LPDIMScore
393 Larcom StreetThousand Oaks196809/11/2026532,2266,969$950,000$957,000$4301.013597
2624 Velarde DriveThousand Oaks196809/09/2026532,3828,276$999,900$985,000$4140.983291
1423 Calle FidelidadThousand Oaks197009/22/2026432,2418,276$1.13M$1.13M$5021.003990
3117 Fort Courage AvenueThousand Oaks197610/06/2026431,9007,405$675,000$825,000$4341.222888
1558 Dover AvenueThousand Oaks196210/01/2026422,0858,712$1.05M$975,000$4680.934588
Total: 5 · Average4.42.82,166.87,927.6$973,400$973,400$449.6—35.8
Median2,226$975,000$975,000

Market Analysis

List vs Sale $/SqFt

Sale Price Trend

Days on Market

Sale vs List Price

AI-generated CMA

This analysis was generated automatically from MLS data. For an in-depth, human-reviewed valuation, contact Joseph Sardella at josephsardella@gmail.com.