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

2016 Mount Prospect Drive
Topanga, California 90290
Property Price
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
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2016 Mount Prospect Drive Subject | $1,498,000* List Price | 3 | 2 | 1,026 | $1,486 | - |
A 1231 Old Topanga Canyon Road Active | $1,749,000 List Price | 1 | 1 | 1,172 | $1,492 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
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
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 3.0 | 37% |
| Square foot | 1,026 | 2,200 | 7% |
| Lot Size | 8,766 | 33,202 | 22% |
| Price | $1.50M | $1.59M | 41% |
| Price per sq ft | $1.5K | $705 | 93% |
| Built year | 1956 | 1979 | 15% |
| HOA | $0 | $0 | 50% |
| Days on market | 165 | 222 | 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
































































