The Sanctuary at Thousand Oaks Completes 218 Homes in California With Affordable Housing and Historic School Preservation
Newbury Park, California, United States | September 29, 2026: A new 218-unit rental community has completed construction in Newbury Park, California, adding market-rate and affordable housing to the Conejo Valley. Developed by MBK Rental Living in partnership with Prime Life Technologies Corp, The Sanctuary at Thousand Oaks includes 12% affordable units and preserves a historic school building, combining new housing with the reuse of a local landmark.
The completed development brings new rental options to the area, with homes ranging from studios to two-bedroom apartments. Its location near parks, shopping, schools and the U.S. 101 Freeway also connects the community to local amenities and employment destinations.
218 Rental Homes Complete Construction
The Sanctuary at Thousand Oaks is located on a 7.1-acre site at 1872 Newbury Park Road. The project consists of multiple two- and three-story buildings, with a mix of studio, one-bedroom and two-bedroom floor plans.
The residences range in size from 628 to approximately 1,400 square feet. The development includes both market-rate and affordable housing, with 12% of the total units designated as affordable.
The completion adds rental housing supply in Newbury Park, although the developer has not provided details on rental rates or the process for applying for affordable units.
Historic Timber School to Serve Community Needs
A distinctive feature of the project is the preservation and adaptive reuse of the historic Timber School House and auditorium. Originally built in 1924, the building is recognized as the oldest existing school and public building in the Conejo Valley.
Rather than replacing the historic structures, the development will repurpose them for community uses, including a leasing office, coworking space, clubhouse and children's lounge.
The approach combines residential development with the preservation of a local heritage site, giving the historic buildings a continued role in the community.
Apartments Offer Functional Layouts and Modern Interiors
The residences have been designed to emphasize natural light, practical layouts and durable finishes. Features include quartz countertops, stainless-steel appliances and wood-style flooring.
Selected floor plans also include kitchen islands, patios or balconies. The mix of unit sizes provides options for different household requirements, from studio living to larger two-bedroom homes.
Amenities Include Fitness, Coworking and Outdoor Spaces
The community offers a range of amenities designed for everyday use, including a secluded swimming pool, a 24-hour fitness centre, a dog wash station, coworking pods and a multipurpose lounge.
Spanish-style courtyards, indoor and outdoor lounges, and shaded seating areas beneath heritage oak trees provide shared spaces for residents. The development also includes a dedicated children's retreat area.
These facilities add recreational and work-from-home options within the residential community.
Parks, Schools and Highway Access Support Location Appeal
Located on the western edge of Thousand Oaks, The Sanctuary offers access to nearby cafés, restaurants, shopping centres and entertainment venues. Residents can also reach local outdoor destinations, including Dos Vientos Community Park and Wildwood Regional Park.
The community is served by the Conejo Valley Unified School District and has access to the U.S. 101 Freeway, connecting residents to destinations across Ventura County and beyond.
What the Project Means for Newbury Park’s Rental Market
The completion of 218 homes adds to the local rental housing stock, with affordable units forming a defined portion of the development. The combination of residential amenities, convenient access and preserved historic buildings gives the project a distinct identity within the local housing market.
The long-term impact will depend on leasing activity, rental demand and the availability of affordable homes to eligible residents. With construction complete, the next stage is the community’s operation and occupancy.