22717 De Kalb Drive, Calabasas, California 91302, Calabasas, 91302 - 5 bed, 6 bath
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Calabasas, California 91302
This Spanish-style Mulwood Estate is a Prime Investment Opportunity, listed at $2,499,000—positioned well below the $2,618,919 Fair Market Value by 4%. This valuation gap offers $119,919 in Instant Equity for buyers. Boasting a Good Condition Rating, the nearly 3,700 sqft residence features a resort-style backyard with a pool, spa, and panoramic valley views. Situated in the prestigious Las Virgenes School District near top-rated schools, it combines lifestyle luxury with immediate financial upside. This is an ideal acquisition for Owner-Occupants or Value-Add Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 22717 De Kalb Drive Subject | $2,499,000* List Price | 5 | 6 | 3,669 | $714 | - |
A 23306 Park Hacienda Sold | $2,900,000 | 4 | 5 | 3,880 | $747 | 0.8 mi |
B 4370 Park Monte Nord Sold | $1,960,000 | 5 | 4 | 3,258 | $602 | 0.6 mi |
C 22824 Sparrowdell Sold | $2,150,000 | 4 | 3 | 2,724 | $789 | 0.5 mi |
D 4168 Towhee Sold | $1,975,000 | 4 | 3 | 2,739 | $721 | 0.2 mi |
E 3627 Via Del Prado Pending | $1,999,950 List Price | 5 | 4 | 3,779 | $529 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready and has undergone significant updates, including newer glass doors, recessed lighting, and modern flooring. The kitchen is well-maintained with stainless steel appliances and stone countertops, and the resort-style backyard is in excellent condition. While the 1970 build date and certain stylistic choices like the Saltillo tile suggest renovations occurred more than 5 years ago, the home meets the 'good' criteria for being well-maintained with functional major systems.
The property features an exceptional backyard with a pool, oversized spa, half sport court, and panoramic views, creating a premier space for high-end entertaining.
Spanning nearly 3,700 sqft with 5 bedrooms and 5.5 baths, the layout includes a rare downstairs suite ideal for multi-generational living or a professional home office.
Situated in the highly desirable Mulwood neighborhood, the home offers immediate proximity to Gelson’s shopping and top-rated Las Virgenes schools.
Originally built in 1970, the property may require ongoing maintenance or updates to its older mechanical systems despite various cosmetic improvements.
The three-car garage has been converted into a gym, which may necessitate a reversal for buyers prioritizing traditional enclosed vehicle storage.
A rare offering in prime Mulwood with VIEWS, this warm Spanish style property is designed for effortless indoor-outdoor living and unforgettable entertaining. Spanning nearly 3,700 square feet, this home features 5 bedrooms and 5.5 bathrooms, including a desirable downstairs bedroom. The size, views and bedroom count are a unique find in Mulwood! A charming front courtyard welcomes you into a light-filled interior with several spots to gather, including a salon with a pool table and bar, a light and bright den and a more formal sitting area that flows into the courtyard. Newer glass doors throughout allow for a seamless flow to the outdoors. The layout is ideal for both everyday comfort and elevated entertaining. Upstairs, the spacious primary suite offers a private retreat with a cozy fireplace, walk-in closet, balcony, and sweeping views. Two of the three additional upstairs bedrooms include en-suite baths, providing both privacy and flexibility. The resort-style backyard is complete with a pool, oversized spa, covered patio, deck, half sport court, and a covered dog run - perfectly blending function and lifestyle. A finished 3 car garage currently serves as a gym, adding even more versatility. The downstairs bedroom has its own full bathroom and is ideal for multi generational living or an office. With its rare size, unique Spanish character, and exceptional indoor-outdoor experience, this is a standout offering in one of Calabasas’ most sought-after neighborhoods. Truly a special home ready for you to make lifelong memories! In close proximity to all three assigned public schools and Gelson’s shopping center, this property really has it all!
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades 6-8 • 0.4 mi
Grades 6-8 • 2.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 4.0 | 60% |
| Baths | 6.0 | 4.0 | 75% |
| Square foot | 3,669 | 2,924.5 | 64% |
| Lot Size | 10,755 | 12,245 | 40% |
| Price | $2.50M | $1.97M | 63% |
| Price per sq ft | $681 | $712 | 41% |
| Built year | 1970 | 1987 | 30% |
| HOA | $0 | $202 | 42% |
| Days on market | 15 | 195 | 2% |
Apr 7, 2026
$2,499,000
Initial Listing
Jul 3, 2002
$397,500
Public Record