79 N Madrid Avenue Thousand Oaks CA 91320 | MLS #V1-39197

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!