Property Detail

Description

RARE INCOME-PRODUCING NEWBURY PARK HILLSIDE COMPOUND — THREE LEGAL ADDRESSES: 1469, 1471 & 1473! LIVE IN ONE, RENT THE OTHER THREE! Offering approximately 4,046 SF of combined living space with spectacular panoramic Conejo Valley views. Three of the four units—the main residence and two ADUs—are currently rented and generating approximately $15,000/month in gross rental income, while the owner occupies the fourth unit. Property will be delivered vacant at close of escrow, giving the new owner maximum flexibility to occupy, re-lease, or reposition the residences. An exceptional opportunity for investors, 1031 exchange buyers, or owner-users seeking strong income, flexibility, and future upside.*****The property features a 2,456 SF main residence (3BD/2.5BA), an attached 622 SF 1BD/1BA residence with full kitchen, plus two additional 1BD/1BA residences of approximately 480 SF and 488 SF, currently in the final stages of approval. One ADU offers potential for an approximately 700 SF expansion and possible conversion into a 2-bedroom residence, creating additional future income potential. Buyer to independently verify feasibility, permits, square footage, and permitted use.*****Each unit is equipped with appliances including refrigerator, washer, dryer, dishwasher, and more. Located in an unincorporated area offering a rare opportunity for short-term rental business, the property provides exceptional income-producing potential. Each living area offers privacy and separation—ideal for short-term or extended-stay rentals, corporate housing, or multi-generational living. Currently furnished, with furnishings available separately. Smart-home technology, Tesla charging, numerous upgrades, a private-road setting, and breathtaking panoramic views complete this truly unique investment opportunity.*****