22650 Jameson Drive, Calabasas, California 91302, Calabasas, 91302 - 5 bed, 5 bath
Loading property details...
Calabasas, California 91302
This Rare Multi-Unit Residential Estate is a High-Potential Investment Opportunity, listed at $2,194,999—positioned well below the $2,308,491 Fair Market Value by 4%. This valuation gap offers $113,492 in Instant Equity. Featuring a Condition Rating of 2, the turnkey property includes two permitted guest units, a sparkling pool, and mountain views. Situated in the elite Las Virgenes School District near top-rated schools like Chaparral Elementary, it provides unique rental-income potential. This is an ideal match for Owner-Occupants or Multi-Generational Families.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 22650 Jameson Drive Subject | $2,194,999* List Price | 5 | 5 | 2,947 | $784 | - |
A 22983 Paul Revere Sold | $1,850,000 | 3 | 3 | 2,125 | $871 | 0.7 mi |
B 4168 Towhee Sold | $1,975,000 | 4 | 3 | 2,739 | $721 | 0.5 mi |
C 4370 Park Monte Nord Sold | $1,960,000 | 5 | 4 | 3,258 | $602 | 1.0 mi |
D 3633 Eddingham Avenue Sold | $1,895,000 | 4 | 3 | 2,137 | $887 | 0.3 mi |
E 22404 Calipatria Drive Sold | $2,005,000 | 4 | 3 | 2,495 | $804 | 0.3 mi |
F 22957 De Kalb Drive Active | $2,350,000 List Price | 5 | 3 | 3,162 | $743 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property has undergone extensive recent renovations that align with modern luxury standards. The kitchen features contemporary cabinetry, stone countertops, and high-end stainless steel appliances. Bathrooms are updated with designer tile work, glass-enclosed showers, and modern vanities. With new recessed lighting, consistent wide-plank flooring, and the addition of two fully permitted, modernized guest units, the home shows no signs of deferred maintenance and offers a turnkey experience.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 12298, living area = 2947.
The property features two fully permitted additional units in addition to the main residence, providing exceptional versatility for rental income, multi-generational living, or a dedicated home office setup.
Located in the highly sought-after Mulwood neighborhood, the home is within walking distance of top-rated Las Virgenes schools, including Chaparral Elementary and Calabasas High, both rated 8/10.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2947, other record living area = 2531. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 3.
Built in 1965, the property may require significant capital investment to modernize original systems and cosmetic finishes to meet the expectations of today's luxury buyers.
With three separate living units and a pool on a 0.28-acre lot, the available open green space may feel limited or fragmented compared to traditional single-family estates in the area.
Rare opportunity in the highly sought-after neighborhood of Mulwood! This exceptional property is truly one of a kind - featuring TWO PERMITTED UNITS IN ADDITION TO THE MAIN RESIDENCE. The main house offers 3 bedrooms 2 baths, and each of the additional units have 1 bed and 1 bath with their own kitchen, living, and dining room space. The main house offers comfortable living spaces filled with natural light and seamless indoor-outdoor flow. Step outside to your private backyard retreat complete with a sparkling pool that is perfect for entertaining, relaxing, and enjoying. Truly the backyard of an entertainer's dream! The two permitted units provide endless possibilities, each offering privacy and versatility. Whether you are looking to offset your mortgage, accommodate extended family, or create a separate work-from-home spaces, this property delivers unmatched value and uniqueness. A true standout in the neighborhood. Opportunities like this don't come along often and a property like this is rarely found in Mulwood!!
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades 6-8 • 0.4 mi
Grades 6-8 • 3.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 4.0 | 60% |
| Baths | 5.0 | 4.0 | 64% |
| Square foot | 2,947 | 2,924.5 | 51% |
| Lot Size | 12,298 | 12,280 | 50% |
| Price | $2.19M | $1.97M | 56% |
| Price per sq ft | $745 | $715 | 57% |
| Built year | 1965 | 1987 | 19% |
| HOA | $0 | $202 | 42% |
| Days on market | 43 | 195 | 3% |
Mar 10, 2026
$2,194,999
Initial Listing
Feb 18, 2005
$960,000
Public Record