Hillcrest Park is the cheapest way to own in the Westlake High attendance area: 81 small one and two bedroom condos from 1981 on East Hillcrest Drive, a short walk to the Thousand Oaks Boulevard shops and the Civic Arts Plaza. Units run 654 to 868 square feet and recent sales landed between about $370K and $529K, with dues around $310 to $340 a month. It suits first-time buyers, downsizers and investors who want a central Thousand Oaks address and Westlake High over square footage.
Living at Hillcrest Park means you can leave the car parked and walk to dinner on Thousand Oaks Boulevard or to a show at the Civic Arts Plaza, then come home to a low-rise two-story complex tucked on just under four acres. It is compact, central and plain, and that is exactly why it works: this is where a buyer with a condo budget gets a Westlake High address and the middle of town outside the front door.
| Homes | 81 condos in two-story buildings |
|---|---|
| Built | 1981 |
| Size | One and two bedrooms, 654 to 868 sq ft |
| Price range | About $370K to $529K in recent sales |
| HOA | About $310 to $340 per month |
| Gated | No |
| Schools | Conejo Academy, Colina Middle, Westlake High |
| Getting around | Walk to Thousand Oaks Boulevard and the Civic Arts Plaza |
Small, central and walkable
Hillcrest Park sits on East Hillcrest Drive in the heart of Thousand Oaks, close enough to Thousand Oaks Boulevard that the shops and the Civic Arts Plaza are a walk rather than a drive. That is rare in the Conejo Valley, where most neighborhoods assume a car for everything.
The complex itself is low-key. Eighty-one units on 3.96 acres means neighbors are close, but the buildings are only two stories, so it never feels like a tower. There is a spa and a picnic area for residents, guest parking for visitors, and no gate at the entrance. Turnover is light, with only a handful of units changing hands in a typical year, so when something comes up it tends to draw interest quickly.
The mix of people follows the floor plans: singles, couples, first-time buyers, downsizers and a fair number of investors, since there is active rental use in the complex.
The condos: compact plans, honest pricing
Every unit dates to 1981 and comes in one of two shapes. The one bedroom, one bath plan is 654 square feet. The two bedroom, two bath plans run about 851 to 868 square feet. Both ground-floor and upper units exist, and corner and end units are the ones marketed as the light-filled ones.
Recent sales ran from about $370K to $529K, with a median near $410K. As a rough guide, one bedrooms trade in the high $300Ks and two bedrooms in the mid $400Ks to low $500Ks. That makes Hillcrest Park the least expensive ownership in the Westlake High attendance area.
Two practical notes for buyers. Laundry is in common facilities rather than inside at least some units, so confirm the setup for any unit you consider. And there are no private lots here, only the condo footprint itself, so storage and outdoor space are modest.
For context on how these prices sit against the wider market, see our Thousand Oaks home values page.
HOA and what to check before you write an offer
Dues at Hillcrest Park HOA have run about $310 to $340 a month for a complex with a spa, common laundry and shared grounds. Before you commit, we would pull the current budget, reserve study and CC&Rs and look at four things:
- Financing approval. With 81 units, owner-occupancy and delinquency ratios decide whether conventional, FHA and VA loans are available complex-wide. Confirm the current status at offer time, not after.
- Rental rules. Investors are active here. Ask about any rental cap or minimum lease term if you plan to rent, or if you want to know how many neighbors are tenants.
- Parking. Guest parking exists but is limited. Confirm what is assigned to the unit you are buying.
- 1981 systems. Ask what the association has done on roofs, plumbing and electrical, and how well those items are funded in reserves.
The association is managed by Gold Coast Association Management, which is who you call for those documents.
Schools: the reason many buyers look here
Hillcrest Park is served by Conejo Academy of Leadership and Language Immersion for elementary, Colina Middle and Westlake High. Westlake High is the single biggest value driver for this complex, and it is why a 654 square foot condo here draws buyers who could find more space elsewhere in town.
Conejo Academy is a language immersion program, so ask the district how enrollment works rather than assuming straight boundary placement. We also recommend confirming every school assignment with Conejo Valley Unified at the specific unit address before you rely on it, because boundaries and programs change.
How it compares to the other Hillcrest condos
Several complexes share the Hillcrest name, and buyers mix them up constantly. Hillcrest Park is the 81-unit complex on East Hillcrest Drive. It is a different place from Hillcrest Terrace on Gazania Court, Hillcrest Gardens on Avenida de Royale and the 16-unit Hillcrest Townhomes on Wynn Court. There is also an unrelated apartment community called Hillcrest Park in Newbury Park that is rentals only.
If you want a bit more space in the same price conversation, Fairoaks Townhomes is worth a look, and our full list of Thousand Oaks neighborhoods covers the rest of the condo and townhome options in town.
Who Hillcrest Park suits, and who should keep looking
A good fit if you want to own rather than rent in central Thousand Oaks, you care about Westlake High, you like being able to walk to the Boulevard, and you are comfortable in a compact floor plan with shared laundry.
Keep looking if you need in-unit laundry, parking you can count on, a yard, or a gated entrance. You should also expect some street awareness along East Hillcrest Drive, since the complex opens directly onto it.
We sell across this part of the Conejo Valley and see Hillcrest Park as a clear-eyed trade: less space and fewer frills in exchange for location, schools and the lowest entry price in the Westlake High area. For the right buyer, that trade is an easy yes.
Owning in Hillcrest Park Condos
What a typical home costs to own
About $3,019/month
- Principal and interest$2,317
- Property tax (about 1.1% of price, Ventura County)$390
- HOA$312
Estimate for a $425K 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 Hillcrest Park Condos, and are glad to talk through how it compares.
Thousand Oaks home prices, the last five years
Questions people ask about Hillcrest Park Condos
How much do Hillcrest Park Condos cost?
Recent sales ran from about $370K to $529K with a median near $410K. One bedroom units of 654 square feet generally trade in the high $300Ks, and two bedroom units of about 851 to 868 square feet trade in the mid $400Ks to low $500Ks. Expect modest year-to-year movement with so few sales.
What are the HOA dues and what is included?
Dues at Hillcrest Park HOA have been roughly $310 to $340 per month. The complex has a spa, picnic area, guest parking and common laundry. Exactly what the dues cover for water, trash, insurance and exterior upkeep should be confirmed with the current budget and CC&Rs before you make an offer.
Which schools serve Hillcrest Park Condos?
Conejo Academy of Leadership and Language Immersion, Colina Middle and Westlake High. Westlake High is the main reason many buyers choose this complex. Because Conejo Academy is an immersion program, ask Conejo Valley Unified about enrollment and confirm all assignments at the specific unit address.
Is Hillcrest Park gated and does it have in-unit laundry?
No, Hillcrest Park is not gated, and it fronts directly on East Hillcrest Drive. Laundry is in common facilities rather than inside at least some units, so check the setup for any unit you are considering. Guest parking is available but limited.
Can I get an FHA or VA loan at Hillcrest Park?
It depends on the complex meeting lender requirements at the time of your offer, including owner-occupancy and delinquency ratios. Approval has existed in the past, but it must be re-checked. Ask the HOA and your lender to confirm current status before you write.
Is this the same as Hillcrest Terrace or Hillcrest Gardens?
No. Hillcrest Park is the 81-unit complex on East Hillcrest Drive. Hillcrest Terrace is on Gazania Court, Hillcrest Gardens is on Avenida de Royale, and Hillcrest Townhomes is a 16-unit complex on Wynn Court. A separate rental community called Hillcrest Park also exists in Newbury Park.
Thinking about Hillcrest Park Condos?
Whether you are weighing a move here or wondering what your home would bring, Davis and the team are happy to talk it through, street by street. No obligation.
Sources
- City of Thousand Oaks HOA registry (GIS)
- City of Thousand Oaks public parcel layer
- Conejo Valley USD high school attendance boundaries
- Conejo Valley USD middle school attendance boundaries
- Conejo Valley USD elementary attendance boundaries
- Redfin sold records, Thousand Oaks
- Hillcrest Park listing detail (unit count, amenities, HOA)
- Hillcrest Park listing detail (two bedroom plan, HOA)
- Hillcrest Park listing detail (laundry, parking, schools)
Facts checked October 2026.
