2323 Residences

CHIQUITA LANE, THOUSAND OAKS

THE OPPORTUNITY

Under the new Land Use Plan, The Property is entitled for 45 units from City of Thousand Oaks CA 91362 Lauterbach Architects, on behalf of the new owner, has prepared designs for the site, currently in process of submission for RTI.

Thousand Oaks’ multifamily submarket fundamentals are outstanding with 94.3% occupancy levels and impressive double-digit rent increases in 2022 with very limited new supply in the development pipeline. More than 34% of the entire Conejo Valley’s planning area is set aside as natural area which has preserved the region’s scenic landscape and severely limited the land available for new development.

WHY THOUSAND OAKS?

Ranked as one of the 100 highest-income counties in the country
Offers a greater quality of life, lower cost of business and living, and access to a highly skilled labor pool
Abundant amenities including The Oaks Mall, Thousand Oaks Civic Arts Plaza, Los Robles Greens, the Four Seasons Hotel, Sherwood Country Club, North Ranch Country Club, Westlake Village Inn & Spa and the Santa Monica Mountains National Recreation Area
Average household income levels are comparable to many of the most affluent neighborhoods in Los Angeles, including Beverly Hills, Pacific Palisades, and Brentwood, while home prices are significantly more affordable
No gross receipts tax providing significant competitive advantage over surrounding City of Los Angeles markets
Low crime rates
More than 34% of the entire Conejo Valley’s planning area is set aside as natural area which has preserved the region’s scenic landscape, and all but eliminated the land available for new development