1551 Penny Road, Topanga, California 90290, Topanga, 90290 - 3 bed, 3 bath

1551 Penny Road, Topanga, California 90290 home-pic-0

1551 Penny Road

Topanga, California 90290

ACTIVE
CONDITION: EXCELLENT
3Beds
3Baths
3,199Sq Ft
28,332Lot Size

Property Price

LIST PRICE$2,975,000
EST. MARKET VALUE
$3,166,893
6% BelowMARKET VALUE

SUMMARY

Analysis of 1551 Penny Road, Topanga, California 90290 reveals a Prime Investment Opportunity with a current list price of $2,975,000—significantly undercutting the $3,166,893 Fair Market Value by 6%. This valuation gap indicates a +$191,893 Instant Equity potential for buyers. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Topanga Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.

Estimated Market Value

$3,166,893 +$191,893 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Topanga.

Condition Analysis

OVERALL CONDITION SCORE

Excellent
TeardownExcellent

Property is new construction or fully renovated.

Although originally built in 1934, the property has undergone an extensive, high-end renovation that meets modern luxury standards. The home features a remodeled chef's kitchen with custom walnut cabinetry, volcanic stone countertops, and a Viking range. The bathrooms are updated with spa-like features including a clawfoot tub and glass-enclosed shower. With high-quality finishes like original hardwood floors, vaulted wood-beamed ceilings, and a modern saltwater pool and spa, the property shows no signs of deferred maintenance and reflects premium quality throughout.

PROSSTRENGTHS & OPPORTUNITIES

  • High Available Lot Utilization

    The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 28332, living area = 3199.

  • Timeless Character & Modern Luxury

    This 1930s retreat masterfully preserves original architectural details like vaulted wood-beamed ceilings while integrating high-end modern amenities, including a chef's kitchen with Viking appliances and volcanic stone countertops.

  • Exceptional Outdoor Oasis

    The property features a private, resort-style backyard complete with a saltwater pool, spa, and expansive patios, all set against a backdrop of lush landscaping and panoramic canyon views.

CONSRISKS & DEFICIENCIES

  • MLS Listing Discrepancy

    Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 4.

  • Vintage Infrastructure Risks

    Originally constructed in 1934, the property may present challenges common to older hillside homes, such as potential needs for specialized foundation or system maintenance despite recent cosmetic updates.

  • Remote Hillside Accessibility

    While offering privacy, the property's location deep in the Topanga hills involves navigating winding canyon roads, which may be a drawback for those seeking quick urban accessibility or high walkability.

About 1551 Penny Road

Tucked into the hills of Topanga, this rare 1930s retreat blends timeless character with thoughtfully curated modern updates and sweeping canyon and mountain views. Original hardwood floors, vaulted ceilings and exposed wood beams create a warm and authentic atmosphere, while expansive windows frame the surrounding landscape. The main living level features a dramatic living room with soaring ceilings and a wood-burning stove, flowing into the dining area and remodeled chef's kitchen with custom walnut cabinetry, volcanic stone countertops, a Viking range and an adjacent lounge area ideal for entertaining. Two guest bedrooms on this level enjoy peaceful views, along with a full bathroom with backyard access and a convenient half bath with double sinks. The lower level offers a serene primary suite with a spa-like en-suite bath featuring dual sinks, a clawfoot tub and a glass-enclosed shower, plus an oversized flexible room perfect for a screening room, office or creative space. Outdoors, enjoy a private, resort-style setting with lush landscaping, a saltwater pool and spa, expansive patios and multiple outdoor living areas. A true Topanga escape approximately six miles to Woodland Hills and ten miles to the beach.

Property Details

Public Facts

Property Type
Single Family Residence
Year Built
1934
Lot Size
28,332 Sq. Ft.

Interior

Total Bedrooms
3
Total Bathrooms
3 (3 Full, 0 Half)

Exterior & Parking

No exterior & parking available.

Utilities & Misc

HOA Fee
$0 / Month

Neighborhood Insights

Sensitive Facilities

No sensitive facilities data found.

Neighborhood Comparison

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds3.03.0
50%
Baths3.03.0
50%
Square foot3,1992,385
70%
Lot Size28,33233,202
48%
Price$2.98M$1.70M
81%
Price per sq ft$930$705
67%
Built year19341979
11%
HOA$0$0
50%
Days on market51222
4%

Pricing History

Listed for Sale

Jan 14, 2026

$2,975,000

Initial Listing

Sold

Jan 20, 2017

$2,550,000

Public Record

Sold

Jun 18, 2004

$995,000

Public Record

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