Fairoaks Townhomes, Thousand Oaks: What It Is Like to Live Here

People who live here walk to dinner. Lazy Dog, Sharky's and California Fish Grill sit at Janss Marketplace a few blocks south, the Grant R. Brimhall Library is just east on Janss Road, and the 101 is about half a mile away at Wilbur, yet Warwick Avenue itself is a residential side street rather than a thoroughfare. With only 25 homes on about two acres, Fairoaks feels more like a shared courtyard than a condo campus, and because it went up in 1992 it is newer than the older attached housing on this stretch of Warwick.

Life Here: A Pool Courtyard a Few Blocks from Janss

The whole community is 25 attached homes gathered around a pool and spa on about two acres. That scale sets the tone. You know your neighbors by sight, the common area is a real amenity rather than a distant clubhouse, and the association is small enough that one engaged owner can shape how it runs.

Daily life leans on what is close. Janss Marketplace, the outdoor center at Moorpark Road and Hillcrest Drive, is roughly a third of a mile south with about 39 stores and services and a cluster of restaurants: Lazy Dog, Sharky's Woodfired Mexican Grill, California Fish Grill, Buca di Beppo and Dave & Buster's among them. The Grant R. Brimhall Library on East Janss Road is the city's main branch, open until 8 Monday through Thursday, with Conejo Creek North Park alongside that corridor for a walk or a city event. Freeway access is at Wilbur Road, about half a mile away, which makes this an easy west Thousand Oaks spot for a commuter.

It is one of several small attached communities we cover in our Thousand Oaks neighborhood guides.

The Homes: 1992 Tri-Levels with Attached Garages

Every home here is a tri-level townhome built in 1992 with an attached two-car garage and direct access into the house. There are two plans. The two bedroom runs about 1,418 square feet with two and a half baths, a half bath on the main living level and an en suite on the secondary bedroom, which makes it work for roommates or a home office that occasionally hosts a guest. The three bedroom runs about 1,854 square feet, also with two and a half baths, and at least one of these has a balcony that looks over the pool and spa.

Expect cathedral ceilings in the main living space and a small entry patio at the front door. Lots are the footprint of the building, so there is no yard to maintain; the pool courtyard is the shared outdoor space. There are no hillside or ridge views in the listing copy. This is an in-town location, and the appeal is the layout and the walkability rather than the vista.

The 1992 build date is the key difference from Warwick Townhouses next door, which date to 1979. Buyers shopping attached homes in this part of town often also look at Oaknoll Villas and Los Robles Townhomes, and the three are worth comparing side by side on age, dues and floor plan.

Prices, Dues and What to Ask the HOA

Homes sold for about $690K to $749K in 2025 and 2026. Two bedroom units traded near the bottom of that range and the three bedroom at the top, which works out to roughly $400 to $510 a square foot. For context on where that sits against the wider market, see our Thousand Oaks home values page.

Dues run about $513 to $535 a month, and the pool and spa are the amenities they fund. Exactly what else is included is not public, so the resale package is where the real diligence happens, especially with buildings now past 30 years old: ask for the reserve study, the roof and exterior paint schedule, the deck and plumbing line items, and whether any special assessment is on the table. Also confirm the rental policy, pet rules and guest parking before you write, since there is no gate and parking in a 25-unit complex is managed by the association, not by a barrier.

One more thing to understand: only a handful of homes change hands in any given year. That is good for stability and hard for appraisers, who will reach to nearby communities for comparables. Price your offer on the specific unit, not on a community average.

Schools: Acacia Magnet, Redwood and Thousand Oaks High

The assigned elementary is Acacia Magnet School for Enriched Learning, a K-5 magnet of roughly 350 to 380 students built around the Schoolwide Enrichment Model, with an A-minus rating on Niche. Middle school is Redwood on West Gainsborough Road, about 590 students, rated in the top 20 percent of California middle schools by SchoolDigger. High school is Thousand Oaks High on North Moorpark Road, about 1.7 miles north, home of the Lancers, with around 1,700 students and a Majors career program that pairs academics with capstone projects.

Conejo Valley Unified runs a School Choice application alongside neighborhood enrollment, and for the 2027 to 2028 school year both open on November 2, 2026. Because Acacia is a magnet and choice seats move around, confirm your assignment with the district for the exact unit rather than relying on a map.

Who It Suits, and What to Know Before You Buy

Fairoaks fits a buyer who wants a newer attached home under $800K in a walkable part of Thousand Oaks and does not need a yard. First-time buyers, dual-income couples with a freeway commute, and downsizers from larger Conejo homes who are comfortable on stairs are the usual profile. The tri-level plan puts the garage at the bottom and the bedrooms up top, so it is not the right product for anyone who needs single-level living.

• Freeway proximity cuts both ways. The 101 at Wilbur is a convenience; it is also close. Walk the complex at rush hour and again in the evening before you decide.
• No gate. Security here is the small scale and the neighbors, not a barrier. Ask the association how guest parking is enforced.
• The name moves around. You will see it written both Fairoaks and Fair Oaks. Search by Warwick Avenue and you will find it.
• Order the disclosures early. Pull the natural hazard disclosure, the tax bill for any special assessments, and the full HOA package from the management company before the inspection contingency clock runs down.

We sell across this corner of the Conejo Valley, and we are glad to walk you through how Fairoaks compares with its neighbors before you commit.

Owning in Fairoaks Townhomes

What a typical home costs to own

About $5,130/month

• Principal and interest$3,953
• Property tax (about 1.1% of price, Ventura County)$665
• HOA$513

Estimate for a $725K home, near the middle of the recent range here, with 20% down at 7.24% (30 year fixed, Freddie Mac, October 29, 2026). Homeowners insurance is extra and varies with fire zone, so get a quote early. Your lender's figures will differ.

Thousand Oaks market, latest data

• Median sale price$1.13M
• Change over 12 months-5.0%
• Typical days on market34

Citywide, three months ending May 2026. Thousand Oaks home values

Our experience here

We sell across this part of the Conejo Valley, including the neighborhoods around Fairoaks Townhomes, and are glad to talk through how it compares.

Get a private valuation (805) 341-6125

Similar neighborhoods

• Los Robles TownhomesThousand Oaks · $580K to $705K
• Racquet Club VillasThousand Oaks · $715K to $950K
• Los Robles EstatesThousand Oaks · $737K to $1.71M
• Monte SerenoThousand Oaks · $665K to $750K

Thousand Oaks home prices, the last five years

Questions people ask about Fairoaks Townhomes