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1690 E Hillcrest Dr, 'Oak Manor Apartments,' is a wellmaintained 20-unit apartment complex in the highly desirable, low turnover sale marketplace of Thousand Oaks. Built in 1963,the property offers a diverse unit mix of (6) 2BD/1BA units, (13)1BD/1BA units and (1) spacious 3BD/2BA unit. Improvementsof note include dual-pane windows, copper plumbing, newer exterior paint and recent upgrades to exterior 2nd story walkways. Approximately six units have been renovated with contemporary finishes, featuring updated cabinetry, quartz countertops, stainless steel sinks, luxury vinyl plank flooring,upgraded electrical subpanels, and split system HVAC systems. Each unit is separately metered for electricity and there are twowater heaters that draw power from solar panels to help offset utility costs. Additional amenities include an onsite laundryfacility with leased equipment on mo/mo agreement, tuck-under and open parking, and well-maintained common areas. Threeunits to be delivered vacant, providing an immediate value-add opportunity for a new owner to lease the units at market rents.Ideally situated near major employment centers, shopping, dining, and highly regarded schools including North Ranch ShoppingCenter, Oaks Corporate Center, Colina Middle School, and Oaks Christian School. Oak Manor Apartments is well positioned to benefit from the continued strength of the Thousand Oaksmultifamily market. Combining a desirable location, significant recent capital improvements, and meaningful upside through new lease-up the property represents a rare multifamily investment opportunity for the city of Thousand Oaks
Property Type(s):
Residential Income
| Last Updated | 8/13/2026 | Tract | Hillcrest Terrace-570 |
|---|---|---|---|
| Year Built | 1963 | Community | TOE - Thousand Oaks East |
| County | Ventura |
Additional Details
| AIR | None |
|---|---|
| AREA | TOE - Thousand Oaks East |
| HEAT | Electric |
| LOT | 0.632 acre(s) |
| LOT DIMENSIONS | 27529 |
| POOL DESCRIPTION | None |
| STORIES | 2 |
| SUBDIVISION | Hillcrest Terrace-570 |
| VIEW DESCRIPTION | None |
Location
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Listed with Beachside Partners
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
This IDX solution is (c) Diverse Solutions 2026.
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