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1505 Lynnmere Drive
About This Property
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Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
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Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 6, 2026 | Sold | ||
| Sold | |||
| Jun 11, 2026 | In contract | - | |
| In contract | |||
| May 1, 2026 | Listed by eXp Realty of Greater Los Angeles, Inc. | $1,649,000 | |
| Listed by eXp Realty of Greater Los Angeles, Inc. | |||
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Welcome to a rare turnkey opportunity in the prestigious gated Lynnmere community of Thousand Oaks, where luxury, privacy, and lifestyle come together seamlessly. This extensively upgraded single-story estate showcases over $190,000 in recent improvements, including a refreshed kitchen with new stainless steel appliances, spa-inspired bathrooms, luxury flooring throughout, designer lighting, updated hardware, fresh paint, and a striking front-yard fountain that elevates curb appeal. Every detail has been thoughtfully curated to deliver modern elegance without the stress of renovation. Spanning over 3,360 square feet on an expansive 18,221 square foot lot, this 4-bedroom, 3.5-bathroom home features soaring ceilings, an open-concept layout, and abundant natural light enhanced by solar tubes. The spacious living and family rooms—each anchored by custom fireplaces—flow effortlessly for both everyday living and entertaining. The primary suite offers a private retreat with vaulted ceilings, French doors to the backyard, a generous walk-in closet, and a beautifully updated bath designed for relaxation. The 3 car, direct access garage has been refreshed and feels vibrant. Step outside into your own resort-style oasis, where lush landscaping, mature palms, and privacy create a tranquil escape. Unwind in the restored spa with cascading waterfall, host unforgettable gatherings with built-in BBQ and firepit, or simply enjoy the peaceful surroundings. Imagine going to the top of the hill in your own backyard and enjoying views of Wildwood park. The expansive lot and side yard offer flexibility for future enhancements, making this home as versatile as it is stunning. Located within one of Thousand Oaks’ most desirable gated communities, residents enjoy 24/7 security, access to top-rated schools, and close proximity to premier shopping, dining, hiking and biking trails, and Los Robles Hospital. This is Southern California living at its finest—move-in ready, beautifully upgraded, and perfectly positioned for both comfort and convenience. Virtual tour coming soon
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| Jun 6, 2025 | Relisted | $1,700,000 | |
| Relisted | |||
| Jun 6, 2025 | Price Increased |
$1,700,000
↑ $300K
(21.4%) | |
| Price Increased | |||
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About Thousand Oaks
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017