
Topanga, California 90290
This Versatile Multi-Structure Compound represents a Strong Value Opportunity, listed at $1,250,000—positioned well below the $1,347,982 Fair Market Value by 7%. This valuation gap offers $97,982 in Instant Equity for the buyer. Featuring a Condition Rating of 3, the property includes a main residence, guest house, and tiny home, offering exceptional flexibility. With Trees/Woods views and proximity to Topanga State Park, this is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a unique, income-generating canyon retreat.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 21849 Canon Drive Subject | $1,250,000* List Price | 4 | 3 | 1,500 | $882 | - |
A 21936 Canon Drive Active | $1,375,000 List Price | 3 | 2 | 1,392 | $988 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While originally built in 1938, the property has been well-maintained and updated to a move-in ready state. The bathroom features a modern renovation with contemporary tiling and fixtures, and the kitchen is functional with stainless steel appliances. The addition of a detached guest house and a tiny home suggests significant maintenance and improvements within the last 5-15 years, elevating it above the 'fair' category.
The property features a main residence, a detached guest house, and a separate tiny home, offering exceptional flexibility for multi-generational living, rental potential, or dedicated creative studio space.
Situated on a rare street-to-street lot just steps from Topanga State Park, the home provides immediate trail access and includes additional parking off Koontz Way, a significant and rare convenience for the area.
This 1930s cottage retains its original soulful charm with soaring pine ceilings, warm wood floors, and a signature stone fireplace, delivering a quintessential Topanga canyon living experience.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1500, other record living area = 910. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 2.
Built in 1938, the property may require updates to aging systems or specialized maintenance common with older canyon homes to meet modern efficiency and building standards.
With the 1,500 total square footage distributed across three separate structures, the individual living areas and bedrooms may feel small or constrained for buyers accustomed to larger single-family layouts.
Tucked along a desirable street-to-street lot, this enchanting 1930s Topanga cottage blends timeless character with flexible, creative living. The main residence offers two bedrooms, one bathroom, and two living spaces with a lovely deck right off the kitchen. Rich with original charm, the home offers soaring pine ceilings, warm wood floors, and a stone fireplace that is the heart of the home, setting a cozy, inviting tone. Natural light moves easily through the living spaces, creating an atmosphere that feels both grounded and inspiring. Beyond the main home, the property unfolds into a rare and versatile compound. A detached guest quarters with two bedrooms and one bathroom provides a welcoming retreat for visitors, extended family, or independent living needs. Adding to the property's unique appeal, a separate tiny home is thoughtfully placed in the backyard- ideal as a guest hideaway, creative studio, or work-from-home space, offering privacy and flexibility while maintaining connection to the main home. The expansive, flat backyard invites a true indoor-outdoor Topanga lifestyle, with ample room for children at play, pets to roam, garden beds, or relaxed gatherings under the open sky. Additional parking off Koontz Way enhances convenience and accessibility, an uncommon bonus for the area. Set just one lot away from Topanga State Park, this property offers immediate access to miles of scenic hiking trails and preserved natural beauty, allowing daily life to flow seamlessly between home and nature. A special opportunity to own a soulful property with multiple living spaces, outdoor freedom, and classic canyon charm in one of Topanga's most treasured settings.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 3.0 | 2.5 |
| Square foot | 1,500 | 1,550 |
| Lot Size | 5,687 | 21,429 |
| Price | $1.25M | $1.52M |
| Price per sq ft | $833 | $723 |
| Built year | 1938 | 1946 |
| HOA | $0 | $0 |
| Days on market | 33 | 84 |
Jun 19, 2026
$1,250,000
Initial Listing
May 1, 2006
$760,000
Public Record
Apr 9, 2004
$569,000
Public Record
Jul 21, 2003
$450,000
Public Record