
Calabasas, California 91302
This Spacious Split-Level Residence is a Strong Value Opportunity, listed at $1,699,000—positioned well below the $1,761,296 Fair Market Value by 3%. This valuation gap offers $62,296 in Instant Equity. With a Condition Rating of 3, the home features a Newer Roof, Updated HVAC, and Double-Pane Windows. Located in the prestigious Mulwood neighborhood near Top-Rated Las Virgenes Schools, this property offers significant potential for Owner-Occupants or Value-Add Investors seeking a prime Calabasas location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 22509 Charlestown Subject | $1,699,000* List Price | 5 | 3 | 2,925 | $602 | - |
A 22649 Town Crier Road Sold | $1,700,000 | 4 | 3 | 2,414 | $704 | 0.2 mi |
B 3935 Bon Homme Sold | $1,758,855 | 4 | 4 | 3,041 | $578 | 0.3 mi |
C 3833 Waterford Sold | $1,818,000 | 4 | 4 | 3,626 | $501 | 0.3 mi |
D 23194 Park Blanco Sold | $2,010,000 | 4 | 5 | 3,258 | $617 | 1.0 mi |
E 4086 Declaration Sold | $1,560,000 | 4 | 3 | 2,521 | $619 | 0.2 mi |
F 4080 Meadow Lark Sold | $1,830,000 | 5 | 3 | 2,785 | $657 | 0.7 mi |
G 22100 Dardenne Street Sold | $2,100,000 | 5 | 4 | 3,125 | $672 | 0.8 mi |
H 22421 Kearny Street Sold | $1,500,000 | 4 | 3 | 2,611 | $574 | 0.3 mi |
I 22628 Paul Revere Active Under Contract | $1,790,000 List Price | 4 | 4 | 2,704 | $662 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although built in 1965, the home is exceptionally well-maintained with significant system upgrades including a newer roof, updated HVAC, and double-pane windows. The kitchen and bathrooms, while featuring some dated cabinetry, have been updated with stainless steel appliances and stone countertops, making the home functional and move-in ready.
Situated on a quiet cul-de-sac in the highly sought-after Mulwood neighborhood, this property offers walking distance access to top-rated Las Virgenes schools, including Chaparral Elementary and Calabasas High.
The home features essential high-ticket upgrades including a newer roof, an updated HVAC system, and newer double-pane windows, significantly reducing immediate maintenance concerns for a new owner.
The 2,925-square-foot floor plan includes five bedrooms and a lower-level den with ADU conversion potential, providing excellent flexibility for multi-generational living or a home theater.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 4.
As a 1965 split-level home on the market for the first time in 50 years, the compartmentalized layout and older aesthetic may require a substantial investment in cosmetic modernization to meet current luxury standards.
While the lot is nearly 10,000 square feet, the backyard is currently basic and lacks a pool; buyers looking for a finished outdoor oasis will need to factor in the cost and time of major landscaping.
On the market for the first time in 50 years, 22509 Charlestown Drive sits at the end of a cul-de-sac in Mulwood, one of the most established neighborhoods in Calabasas. This split-level five-bedroom home spans 2,925 square feet on a 9,558-square-foot lot, with a quiet setting and room to grow. A double door entry opens into a floor plan built for both everyday living and entertaining. The formal dining room offers built-in china cabinets. The family room features a stone fireplace, wood floors, and newer double pane windows. Storage runs throughout the home. The kitchen is clean and open with plenty of cabinet space. Appliances include a KitchenAid double oven and a five-burner cooktop, all stainless steel. A breakfast nook, a pantry, and a built-in desk area round out the space. The home has been freshly painted. Downstairs offers a den with a bar and a stone fireplace, functioning as a second living area. A bathroom with a shower and a large laundry room sit on this level. One flexible room is currently set up as a home theater and works easily as a fifth bedroom or a potential ADU conversion. Upstairs holds four more bedrooms. The primary suite has a balcony and a well-maintained bath with a large walk-in closet with built-ins, a soaking tub, a separate shower, dual vanities, and a makeup area. Secondary bedrooms feature mirrored closet doors, with additional hallway storage. The backyard is low maintenance with a garden area and a view. There is room to add a pool. A covered patio opens off both the den and the downstairs bedroom, creating a quiet outdoor retreat. An updated HVAC system, updated windows, and a newer roof complete the home, along with a two-car garage with direct access. Mulwood puts residents minutes from Calabasas Commons, top-rated Las Virgenes schools, and easy 101 freeway access. A home held this long, in this location, is a rare opportunity.
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades 6-8 • 0.2 mi
Grades 6-8 • 2.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 4.3 |
| Baths | 3.0 | 4.3 |
| Square foot | 2,925 | 3,694.816 |
| Lot Size | 9,558 | 13,977.816 |
| Price | $1.70M | $2.37M |
| Price per sq ft | $581 | $703 |
| Built year | 1965 | 1991 |
| HOA | $0 | $409 |
| Days on market | 35 | 63 |
Aug 5, 2026
$1,699,000
Initial Listing