Green Hill Apartments

JLL, as the exclusive advisor, presents a compelling investment opportunity at Green Hill—a well-positioned 36-unit vintage apartment community in the highly desirable Thousand Oaks. Built in 1962, this established multifamily asset offers the rare combination of immediate income stability with a current occupancy rate of 97.2% and substantial value-add potential through strategic unit renovations. The property benefits from its prime location in a top-rated Conejo Valley Unified School District, creating strong rental demand from families and professionals seeking quality housing in a suburban setting with urban employment accessibility. With 36,882 square feet of residential space and an average unit size of 933 square feet, the asset provides the larger floorplans that today's tenants demand—a distinct advantage over newer construction properties.

The investment opportunity is further enhanced by the property's strategic positioning just minutes from premium retail destinations, offering tenants the convenience and lifestyle amenities that drive long-term retention and rental growth. The community features ±66 parking spaces across carport and surface configurations, addressing the critical parking needs in this high-demand submarket. With unit renovation potential to capture rent premiums and the inherent value of vintage construction offering superior layouts, this asset presents an ideal opportunity for value-add investors seeking to enhance returns through targeted capital improvements. The combination of strong fundamentals, desirable location attributes, and clear value enhancement strategies makes 605 Warwick Ave a rare offering in the competitive Conejo Valley multifamily market.