Thousand Oaks 4-Unit Development
The Thousand Oaks project is a dual-phase value-add investment combining existing stabilized cashflow with an approved, low-basis expansion that lifts NOI and overall asset value.
Asset Overview
• Existing Units: 2 completed, income-producing
• Current Annual Income: $62,400
• Approved Expansion: 2 additional units (fully permitted)
• Construction Cost: $510,000
• Acquisition Price: $1,200,000
• Total Investment: $1,710,000
Financial Highlights
• Additional Rent from New Units: ≈ $84,000 annually
• Total Stabilized Rent Roll: $146,400 annually
• Cap Rate: ~10% on total cost
• Exit Value (Year 5): ≈ $2,420,000
• Hold Period: 5 years
• Rent Growth: Existing tenants positioned for scheduled increases, boosting NOI annually
Return Profile
• Day-one income reduces carry and enhances cash-on-cash stability
• Low-cost expansion generates strong incremental yield
• Combined income + projected exit deliver near 1:1 capital return within the 5-year hold