2016 Mount Prospect Drive, Topanga, California 90290, Topanga, 90290 - 3 bed, 2 bath

2016 Mount Prospect Drive, Topanga, California 90290 home-pic-0

2016 Mount Prospect Drive

Topanga, California 90290

ACTIVE
CONDITION: EXCELLENT
3Beds
2Baths
1,026Sq Ft
8,766Lot Size

Property Price

LIST PRICE$1,498,000
EST. MARKET VALUE
$1,525,000

SUMMARY

Analysis of 2016 Mount Prospect Drive, Topanga, California 90290 reveals a Fairly Priced Property with a current list price of $1,498,000  aligned with the estimated $1,525,000 Fair Market Value. This represents a stable investment opportunity at market rate. 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

$1,525,000
Based on Realkey algorithm analyzing recent comparable sales in Topanga.

Comparable Sales Map

Comparables within 1 miles sold in recently

Address Sold Price BedsBathsSq Ft$/SqftDistance
2016 Mount Prospect Drive
Subject
$1,498,000*
List Price
321,026$1,486-
A
1231 Old Topanga Canyon Road
Active
$1,749,000
List Price
111,172$1,4920.5 mi

* Subject property listed price vs sold prices of comps.

Condition Analysis

OVERALL CONDITION SCORE

Excellent
TeardownExcellent

Property is new construction or fully renovated.

Although originally built in 1956, the property has undergone extensive recent renovations and infrastructure upgrades, including new copper piping, a brand-new electrical panel with updated wiring, and a roof tune-up. The home is move-in ready with high-end features such as a premium Brazilian Walnut wraparound deck, a Tesla EV charger, a whole-house water filtration system, and fresh interior/exterior paint, meeting the criteria for a fully renovated property with no deferred maintenance.

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 = 8766, living area = 1026.

  • Extensive Infrastructure Upgrades

    The property features significant modern improvements including new copper piping, a brand-new electrical panel with updated wiring, and a recent roof tune-up, offering buyers essential peace of mind.

  • Premium Outdoor Living

    A sprawling wraparound deck made of fire-resistant Brazilian Walnut (Ipe) wood includes a spa and provides some of the area's most spectacular panoramic mountain and sunset views.

CONSRISKS & DEFICIENCIES

  • Limited Interior Square Footage

    With only 1,026 square feet of living space, the home is relatively compact for its price point, which may be a constraint for families or those requiring large indoor communal areas.

  • Vintage 1950s Structure

    Despite modern cosmetic and infrastructure updates, the 1956 original construction may still present layout limitations or maintenance needs typical of mid-century mountain properties.

  • Market Pricing Volatility

    The history of multiple significant price reductions since the initial listing suggests the property has faced challenges in aligning with buyer valuation in the current market.

About 2016 Mount Prospect Drive

HUGE PRICE REDUCTION!!Welcome to your hidden oasis in the Santa Monica Mountains. This 3-bedroom, 2-bathroom retreat combines natural beauty with modern comfort. Just minutes from Malibu's beaches or the shops and dining of Calabasas, it perfectly blends seclusion with convenience. *Please note that we have already completed an inspection report, and have receipts to show all repairs that have been made.*In addition to the beautiful charm of this property, it also comes with modern upgrades that make this house move in ready! New copper piping and a brand new electrical panel with new wiring can give you peace of mind that this house will last. Not to mention that this house has recently had a roof tune up as well as being freshly painted. The residence features a bohemian-inspired design. Walk inside the beautiful brand new wooden doors and you are met with expansive windows that flood the interiors with light and frame sweeping mountain views. The primary suite looks directly out toward the Santa Monica Mountains, creating a tranquil backdrop to start and end your day.A spacious wraparound deck encircles the property, providing multiple outdoor living and entertaining spaces. Made from Brazilian Walnut Wood, this deck offers some of the best protection against fires, mildew, and mold with a 40 year estimated lifespan requiring very little maintenance. Enjoy an evening under the stars with thoughtfully placed outdoor lighting, or unwind in the spa while taking in some of the area's most spectacular sunsets. This property also comes with state of the art features. Take advantage of charging your electric vehicle with a built in Tesla 220v charger. And enjoy clean drinkable water from any faucet in the house with the built in water filtration system. One of the three bedrooms is detached, offering flexibility as a private office, art studio, or music room. Whether hosting gatherings or seeking a peaceful retreat, this home offers a one-of-a-kind opportunity to experience the best of canyon living.Beyond the natural beauty, Topanga offers all the modern conveniences right in the canyon, so you rarely need to venture into the city. A local grocery store, post office, and doctor's office are just minutes away, along with yoga and Pilates studios for wellness right at your doorstep. Station 69 provides nearby fire protection, while charming restaurants and shops host live music on the weekends, fostering a vibrant sense of community. Living here means you can enjoy the best of both worlds--tranquil mountain living with everyday amenities close at hand.

Property Details

Public Facts

Property Type
Single Family Residence
Year Built
1956
Lot Size
8,766 Sq. Ft.

Interior

Total Bedrooms
3
Total Bathrooms
2 (2 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%
Baths2.03.0
37%
Square foot1,0262,200
7%
Lot Size8,76633,202
22%
Price$1.50M$1.59M
41%
Price per sq ft$1.5K$705
93%
Built year19561979
15%
HOA$0$0
50%
Days on market165222
19%

Pricing History

Listed for Sale

Mar 4, 2026

$1,498,000

$1,525,000

-2% Price Drop

Initial Listing

Price Change

Jan 21, 2026

$1,525,000

$1,589,000

-4% Price Drop

Initial Listing

Price Change

Oct 17, 2025

$1,589,000

$1,639,000

-3% Price Drop

Initial Listing

Price Change

Oct 9, 2025

$1,639,000

Initial Listing

Price Change

Sep 22, 2025

$1,689,000

Initial Listing

Sold

Oct 3, 2022

$1,500,000

Public Record

Sold

Jun 17, 2021

$1,185,000

Public Record

Sold

May 10, 2018

$885,000

Public Record

Sold

Sep 10, 2014

$660,000

Public Record

Sold

Jul 28, 2000

$419,000

Public Record

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