Agoura Hills Condo with
For Sale
$630,000
29121 Thousand Oaks Boulevard #C Agoura, Agoura Hills, CA 91301
Updated 2-bedroom condo in desirable Agoura Hills community.
Property Size1,274 SF
Price / SF$494.51
Days on Market573
Property Features for 29121 Thousand Oaks Boulevard #C Agoura
General Information
Standard status
Active
Size
1,274 SF
Property subtype
Condominium
Amenities
Fireplace
Security System
Central Air
Central
Dishwasher
Disposal
Gas Range
Microwave
Refrigerator
Trash Compactor
Dryer
Washer
Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Building Details
Building Size
1,274 SF
Year Built
1984
Stories
2
Listing Agency:
(818) 231-9811
Listed By:
Margaret Begey
(818) 231-9811
Source:
Kw
Added: Jan 14, 2025
Changed: Aug 8
Last Checked: Jul 16 at 5:21AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Margaret Begey
Investment Insights
Based on property information with market context.
This 2-bedroom, 2-bath condominium offers a blend of comfort and elegance, situated in the Meadow Ridge community of Agoura Hills. The living area features bamboo floors. The remodeled kitchen includes granite counters, ample cabinets, under-cabinet lighting, a spacious breakfast bar, and stainless steel appliances such as a refrigerator, microwave, gas range, and wine fridge. A fireplace adds warmth, and wall-to-wall sliding doors open to a balcony with views of the pool area and mountains. The primary bedroom has a walk-in closet and wood floors, while the second bedroom offers a spacious layout, a walk-in closet, and carpeted floors. The unit includes a full-size washer and dryer. A 2-car attached garage provides overhead racks and cabinets for storage. The complex features grounds, a pool, a jacuzzi, and waterfalls. The location is near Malibu and Zuma beaches, Kanan Road, the 101 Freeway, shops, restaurants, supermarkets, and banks. The property size is 1274 square feet.
Key Highlights
- Desirable location in Agoura Hills' Meadow Ridge community, close to Malibu/Zuma beaches, Kanan Road, 101 Freeway, shops, restaurants, and banks.
- Remodeled kitchen with GRANITE COUNTERS, ample cabinets, stainless steel appliances and breakfast bar.
- Two bedrooms, each with a WALK‑IN CLOSET; primary bedroom with wood floors.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$20,138
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.20%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$402,760
$402.8K
Cap Rate 7%
$287,686
$287.7K
Cap Rate 9%
$223,756
$223.8K
Market Conditions
NOI Build-Up for 1,274 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$38.2K $30.00/SF
− Vacancy
−$1.6K −$1.26/SF
EGI
$36.6K $28.74/SF
− OpEx
−$16.5K −$12.93/SF
NOI
$20.1K $15.81/SF
Area
Ventura County, CA
Vacancy
4.20%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$402,760
Cap Rate 7%
$287,686
Cap Rate 9%
$223,756
Alternative Uses
Best Use
Apartment 5plus
$287.7K
$251.7K – $335.6K
NOI $20,138 @ 7.0% cap · market cap 3.20%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$437.4K
$382.7K – $510.3K
NOI $30,615 @ 7.0% cap · market cap 4.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
993
Businesses Nearby
Explore this area
Business Placement
Demographics for 91301, CA
24,790
Population
9,394
Households
2.6
Avg Household Size
45
Median Age
66%
College-Educated
97%
High-School Grad
33.1 sq mi
ZIP Area
749
Density / Sq Mi
$166,912
Median Household Income
$85,240
Median Earnings
$3,163
Median Rent
$1,096,600
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Updated 2-bedroom condo in desirable Agoura Hills community.
Where is this apartment building located?
The property is located at 29121 Thousand Oaks Boulevard #C Agoura Agoura Hills, CA.
What is the asking price?
The asking price for this property is $630,000.
What are key features of this property?
This property features: Desirable location in Agoura Hills' Meadow Ridge community, close to Malibu/Zuma beaches, Kanan Road, 101 Freeway, shops, restaurants, and banks.; Remodeled kitchen with GRANITE COUNTERS, ample cabinets, stainless steel appliances and breakfast bar.; Two bedrooms, each with a WALK‑IN CLOSET; primary bedroom with wood floors.
