
Calabasas, California 91302
This Mulholland Heights View Estate represents a Strong Value Opportunity, listed at $2,250,000—positioned well below the $2,358,739 Fair Market Value by 4%. This valuation gap offers $108,739 in Instant Equity. With a Condition Rating of 4, the home requires cosmetic modernization to match its premier cul-de-sac location and panoramic vistas. Zoned for the highly acclaimed Las Virgenes schools, this property is an ideal acquisition for Value-Add Investors or Owner-Occupants seeking to personalize a significant, high-potential asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 22128 Palais Place Subject | $2,250,000* List Price | 5 | 5 | 4,263 | $553 | - |
A 3627 Via Del Prado Sold | $2,075,000 | 5 | 4 | 3,779 | $549 | 0.1 mi |
B 22100 Dardenne Street Sold | $2,100,000 | 5 | 4 | 3,125 | $672 | 0.1 mi |
C 3935 Bon Homme Sold | $1,758,855 | 4 | 4 | 3,041 | $578 | 0.8 mi |
D 3833 Waterford Pending | $1,899,000 List Price | 4 | 4 | 3,626 | $524 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1988 and offered by the original owner for the first time in nearly 40 years, the home is well-maintained but significantly dated. While the kitchen features stainless appliances, the cabinetry, tile flooring, and overall aesthetic reflect a 20+ year old style. The listing explicitly notes an 'opportunity to personalize,' confirming that while move-in ready, the property requires cosmetic updates and likely system overhauls to meet modern standards.
Situated at the peak of the prestigious Mulholland Heights on a premier cul-de-sac, the estate offers breathtaking, unobstructed vistas of the Valley and surrounding mountains.
Boasting over 4,200 sq. ft., the layout includes a rare second-story library with a spiral staircase, a main-floor guest suite, and a bonus room, providing exceptional flexibility for a home office or gym.
The property is zoned for the highly acclaimed Las Virgenes Unified School District, including top-rated Chaparral Elementary and Calabasas High School, significantly bolstering long-term value.
Offered by the original owner for the first time in nearly 40 years, the home requires a comprehensive cosmetic renovation to modernize its 1980s-era finishes and fixtures.
The age of the property combined with complex features like the rock grotto pool, sauna, and large deck area may necessitate significant immediate investment in system upgrades and structural maintenance.
Incredible opportunity to personalize a magnificent Mulholland Heights view estate perched at the top of the community on one of the best cul-de-sac streets boasting stunning Valley and mountain vistas. Offered for the first time in almost 40 years by the original owner! The property is set back from the street with sprawling frontage including rolling front lawn, mature trees, and wide driveway that leads to the 3-car garage. Step inside to find a grand two-story entry foyer that leads to the expansive formal living room with wood mantled fireplace and large picture window that looks out to the yard. An adjacent formal dining room has tray ceiling, direct kitchen access, and sliding glass door that opens to the covered patio. The chef’s kitchen features center island, real wood cabinetry, stainless appliances, double ovens, pantry space, peninsula with countertop seating, and breakfast nook. The kitchen opens directly to the family room featuring brick fireplace, glass slider that opens to the yard, and walk-in wet bar. An additional bonus room provides excellent flex space for office or gym with spiral staircase that leads to a stellar upstairs library with built-in bookshelves overlooking the room below. The bonus room has an en-suite bathroom with sauna that also functions as pool bath. The main level additionally features a powder bathroom, laundry room with storage, and a convenient guest bedroom with en-suite bathroom. Upstairs you will find four additional bedrooms including the oversized luxurious primary suite with massive deck that overlooks remarkable Valley and mountain views, wardrobe area with two large walk-in closets, and private spacious bathroom with dual sinks, makeup vanity, spa tub, walk-in shower, and separate toilet room. The secondary bedrooms each have closets with built-ins and one has access to the balcony deck. A sizable hall bath has dual sinks, tub, and separate walk-in shower. The entertainer’s backyard features pool and spa with rock grotto waterfall, sweeping covered patio ideal for outdoor dining, large grass lawn, and a backdrop of dazzling Valley and mountain views. Adjacent to dining & shopping at the Calabasas Commons, fantastic nearby markets including Gelson’s, Bristol Farms & Trader Joes, community parks and hiking trails, zoned for highly acclaimed Las Virgenes schools, and just a short drive to Topanga Canyon and the beach.
No exterior & parking available.
Grades K-5 • 0.7 mi
Grades 6-8 • 0.6 mi
Grades 6-8 • 2.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 4.0 |
| Baths | 5.0 | 4.0 |
| Square foot | 4,263 | 3,125 |
| Lot Size | 11,157 | 11,864 |
| Price | $2.25M | $1.98M |
| Price per sq ft | $528 | $716 |
| Built year | 1988 | 1991 |
| HOA | $302.0 | $362 |
| Days on market | 6 | 56 |
Jul 16, 2026
$2,250,000
Initial Listing