
Topanga, California 90290
This Spacious Craftsman Residence represents a High-Potential Investment Opportunity, listed at $2,050,000, which aligns with its $2,050,000 Fair Market Value. While the home maintains a Condition Rating of 4, its 1925 heritage and expansive 18,977 sqft lot offer significant upside for modernization. Featuring panoramic canyon views and a whimsical apothecary shed, the property provides a unique lifestyle foundation. Given the 146 days on market and recent price correction, this is a strategic acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to add value through cosmetic renovation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1328 Fernwood Pacific Drive Subject | $2,050,000* List Price | 3 | 2 | 2,012 | $1,017 | - |
A 1555 Fernwood Pacific Drive Sold | $1,497,500 | 2 | 1 | 1,260 | $1,188 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1925 with renovations that appear to be 20-25 years old. While the home is well-maintained and move-in ready with 'craftsman charm,' the kitchen and bathrooms are dated, featuring older tile countertops and appliances. The presence of recessed lighting and central HVAC vents indicates system updates, but the overall aesthetic requires modernization.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 18977, living area = 2412.
The property features expansive decks that offer panoramic views of the state park mountains and sunrise, providing a quintessential Topanga outdoor living experience.
Built in 1925, the home exudes character with artisanal details, handcrafted accents, and warm finishes that offer a unique aesthetic often missing in modern construction.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =18977, other record lot size in square feet = 7314. Living area discrepancy between mls listing and other public or private record. mls listing living area = 2412, other record living area = 2017. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
With 146 days on the market, the property has exceeded the typical selling period for the area, which may lead to buyer skepticism regarding its value or condition.
A recent $200,000 price reduction from the original listing price suggests initial overvaluation and may indicate a struggle to align with current market demand.
Incredible Price Improvement. Welcome to this enchanting oasis in the heart of Topanga, nestled in the coveted Fernwood Pacific area. This exquisite property showcases three generously sized bedrooms and two full baths, inviting you to unwind in Topanga style. Step outside onto the expansive decks and long front yard, where breathtaking views of the sunrise and state park mountains create a picturesque backdrop for morning coffees and sunset gatherings. Inside, the home exudes craftsman charm, featuring warm finishes, artisanal details, and handcrafted accents that tell a story of artistry and comfort. The yard is adorned with native flora, producing fruit trees and native flowers that beckon you to bask in the beauty that surrounds you. At the same time, a whimsical apothecary shed awaits your gardening dreams or creative pursuits. An inspiring office space provides the perfect sanctuary for remote work or artistic endeavors. Whether you're seeking a peaceful retreat or a lively haven for family and friends, this property combines luxurious living with heartfelt charm in one of Topanga's most enchanting locations. Don't miss the chance to make this magical home your own. Schedule a viewing today!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 2.2 |
| Square foot | 2,012 | 1,632.214 |
| Lot Size | 18,977 | 19,599.643 |
| Price | $2.05M | $1.42M |
| Price per sq ft | $1.0K | $738 |
| Built year | 1925 | 1963 |
| HOA | $0 | $650 |
| Days on market | 182 | 71 |
Aug 4, 2026
$2,050,000
$2,250,000
-9% Price Drop
Initial Listing
Mar 11, 2026
$2,250,000
Initial Listing
Sep 28, 2009
$1,100,000
Public Record
Apr 18, 2002
$660,000
Public Record
Jun 1, 2000
$639,000
Public Record
Jun 23, 1999
$560,000
Public Record