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The Summit of Thousand Oaks

Class: B
Year: 1983
Style: Garden-Style

Acquired Date: July 2023
Address: 1550 Thousand Oaks Dr., San Antonio, TX 78232
Property URL: www.summitofthousandoaks.com

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Investment Summary

The Summit of Thousand Oaks is a charming 1983 garden-style asset spanning 224 units over 16 buildings. The well-maintained property sits on 8.58 acres with mature oak trees lining the asset and providing significant shade. The property is located in North Central San Antonio on Thousand Oaks Drive, with over 15,000 vehicles driving by daily. The Summit has quick access to US-281, a major North/South arterial highway, providing residents an easy route to the San Antonio International Airport in 8 minutes and Downtown San Antonio in 15 minutes.

The Summit of Thousand Oaks

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Common area amenities

  • Grilling and Picnic areas
  • Private Resident Clubhouse
  • Business Center w/WiFi
  • Coffee Bar
  • Laundry Facilities
  • Pet-Friendly Community
  • Covered Parking
  • Ceiling Fans
  • Patio/Balcony Storage
  • Sparkling Pool with Free WiFi
  • 24HR Emergency Maintenance
  • Tennis Courts
  • Fitness Courts
  • Poolside Outdoor Kitchen
  • Resident Lounge & Billiards Room

Interior Amenities

  • Wood-burning Fireplaces
  • Ceiling Fans
  • Built-In Bookcases
  • Built-In Dry Bar*
  • Large Walk-In Closets
  • Cable Ready
  • Washer/Dryer Connections
  • Washer/Dryer*
  • Black or White Appliances*
  • White Cabinets with Brushed Nickel Hardware*
  • 2in Custom Window Blinds*
  • Faux Wood Flooring Throughout*
  • Updated Lighting
  • Private Patio or Balcony
  • Fully Equipped Kitchens
  • Fireplace*
  • Linen Closet*
  • Touchless Kitchen Faucet*
  • Stainless Steel Appliances*
* In Select Units

Business Plan

Our future plans involve further upgrading 100 units and introducing enhancements to the exterior as well. Among the planned exterior renovations are revitalizing the dog park, pool, and grill areas, as well as applying fresh paint, cedar wraps, and upgrading the laundry center.

The remaining units awaiting upgrades will receive new lighting fixtures, smart home technology, fresh paint, and updated hardware. We have identified potential income opportunities such as introducing a package locker system, offering reserved parking spaces, and providing washer and dryer rentals. These additions will not only enhance the overall living experience but also contribute to the financial success of the property.

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