2685 Los Feliz Drive

Priced to move and rich with upside — an inspired investor play in Thousand Oaks. This 3-bed / 2-bath home (approx. 1,249 sq ft) sits on a rare, deep 8,712-sqft parcel that immediately expands your options: tasteful renovation, accessory-unit development where permitted, or a garage conversion (detached garage may be suitable for conversion subject to city permits). The property benefits from long-term occupancy, offering stability and cashflow while you stage your next step. With a neighboring property that recently completed a sizable ADU, the local precedent is real — this isn’t theoretical upside, it’s a tangible pathway you can pursue. For a hands-on investor or developer, this lot delivers multiple, low-friction strategies: hold and collect income while permitting and planning, renovate and increase rents, or add an income unit to scale NOI. Opportunities like this in Thousand Oaks are rare; bring your vision and capital and convert potential into performance. Buyer to verify all information.