Skip to main content

Scroll Down

View Full Details


Los Robles

Thousand Oaks, CA

253 Units

Built in 1972


Investment Highlights

  • Los Robles Apartments and The Retreat at Thousand Oaks are being offered for sale concurrently. The Properties may be purchased individually or together.
  • Los Robles & The Retreat have benefitted from nearly $19M of capital investment over the last 8 years that has completely restored the Properties to premier luxury multifamily assets.
  • Properties offer investors assumable non-recourse agency financing with leverage at attractive 3.82% & 3.85% interest only fixed average rates respectively with more than 6 years remaining to maturity
  • Below market rents signed during peak COVID months coupled with high recent rent growth in the submarket offer investors the ability to capture 7-8% upside in rental income at Los Robles and The Retreat.
  • Thousand Oaks is the fastest growing biotech hub in the country. Prominent nearby employers include Amgen (5,000 jobs), Los Robles Health System (1,640 jobs), Anthem (1,000 jobs), Baxter (950 jobs), Takeda (550 jobs), Dignity Health (610 jobs), and A2 Biotherapeutics (130 jobs).
  • Over a dozen life sciences companies have relocated to Thousand Oaks in the last 5 years and as of Q4 2022 645,000 SF of space is in development planning in the Conejo Valley region priming the area for 2,500 to 5,000 new jobs.
  • Over 5 million square feet of premier local shopping centers are within a 10-minute drive of the Properties. Notable tenants include Nordstrom, AMC, Tesla, ALDI, Whole Foods, Lassens, Apple, Restoration Hardware, and Target.
  • Thousand Oaks is the premier housing submarket of Ventura County with $162,793 average household incomes (25% and 46% higher than the Ventura and LA County average respectively), 61% college educated, and 37% earning more than $150,000 annually. Axiometrics projects the average rent growth will be 3.81% annually over the next 5 years will average occupancy remains above 96%.

Exclusively listed by

Related Research

Back to top

More Listings from Gregory S. Harris