79 N Madrid Avenue
Thousand Oaks, CA, 91320
$1,100,000
MLS: V1-39197
Beds
5
Baths
3
Sq Ft
2,088
Lot
0.16 ac
Year Built
1966
MLS #
V1-39197
Days on Market
6
Listed
Oct 9, 2026
Description
Discover an exceptional opportunity in the heart of Newbury Park, Thousand Oaks! Offering 5 bedrooms, 3 full bathrooms, approximately 2,088 sq. ft. of living space on a 7,000 sq. ft. lot, this spacious single-story property presents incredible potential as a traditional family residence, multigenerational home, residential income property, or specialized residential care facility (Assisted Living / Residential Care Facility for the Elderly (RCFE)). Previously operated as an assisted living facility, the home features an existing fire sprinkler system, a newer roof replaced less than three years ago, a convenient single-level layout, and multiple bedrooms with sliding glass doors providing direct outdoor access, making it especially appealing for those exploring assisted living, board and care, sober living, independent living, senior housing, memory care, supportive housing, or other residential care opportunities.Inside, a warm and inviting living room welcomes you with laminate flooring and a charming brick fireplace, flowing into a comfortable dining area and a functional kitchen featuring white countertops and abundant cabinetry. Just beyond the dining area, a beautiful sunroom filled with natural light provides the perfect setting for a family room, reading lounge, hobby space, or recreational area. The generously sized primary bedroom features a private bathroom with dual sinks and two closets, including one with mirrored doors, while the additional bedrooms offer comfortable accommodations and closet space.Two additional versatile rooms provide flexibility for offices, TV rooms, activity spaces, or other uses, while the dining area offers potential for conversion into a sixth bedroom, subject to approvals. Outside, nine elegant, mature palm trees create a luxurious tropical atmosphere and enhance the property's curb appeal.With its spacious floor plan, newer roof, existing care-oriented features, and adaptable living spaces, this unique property offers outstanding possibilities for large families, live-in caregivers, co-living arrangements, transitional housing, nonprofit-supported housing, or investors seeking a property with multiple potential uses. A rare opportunity to bring your vision to life in desirable Newbury Park!
Location
Thousand Oaks, Ventura County, CA 91320
Open on Google Maps ↗Listed by: Jose Luiz Morales · eXp Realty of California Inc
Listing information is provided courtesy of the Greater Antelope Valley Association of Realtors (GAVAR) and California Regional MLS (CRMLS). Information is deemed reliable but not guaranteed accurate by the MLS or by Mike Watson. All data, including square footage, lot size, room count, permits, and school assignment, should be independently verified. Properties shown may be listed by brokerages other than Keller Williams Realty. Listings are subject to prior sale, change, or withdrawal without notice.
Payment estimate
$8,713
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $110,000 · Loan: $990,000
Average 30-yr fixed rate 7.40% as of Oct 15, 2026 (Freddie Mac PMMS). Adjust to your quote.
- Principal & Interest
- $6,855
- Property tax (1.25%)
- $1,146
- Homeowners insurance
- $300
- Mortgage insurance
- $413
Login required. The full tool supports FHA / VA / USDA, PMI by credit tier, lender fees, and total cash to close — with your inputs here carried over.
Today's Rates
As of Oct 15, 2026
- 30-year fixed
- 7.40%
- 15-year fixed
- 6.71%
Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.
About the area · Mike Watson
About the Antelope Valley
The Antelope Valley spans Lancaster, Palmdale, Quartz Hill, Rosamond, Lake Los Angeles, California City, Edwards AFB, and the Plant 42 aerospace corridor. Mike Watson is a lifelong AV resident and the #1 producing individual Realtor in the region by transaction count. Every active listing on this site is paired with a free market analysis tailored to the specific street, honest financing guidance (FHA, VA, USDA, CalHFA, conventional, and assumable loans where the financing supports it), and side-by-side comparisons against the rest of the active inventory in your target ZIP.
Financing Options
FHA Financing — 3.5% Down＋
First-time and repeat buyers can purchase this Thousand Oaks home with as little as 3.5% down using an FHA loan — roughly $38,500 down. FHA loans feature flexible credit guidelines and government-backed rates, making homeownership accessible for buyers who haven't saved a large down payment. Seller concessions up to 6% of the purchase price are also allowed.
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Local Market Stats
See Newbury Park, CA 91320 market trends →
Median sold price, days on market, active inventory, price brackets, and 12-month trends — pulled live from the MLS.
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