
Calabasas, California 91302
This Single Family Residence presents a High-Potential Investment Opportunity with a List Price of $1,499,000—positioned well below the $1,572,637 Fair Market Value by 4%. This valuation gap offers $73,637 in Instant Equity. Featuring a Fair Condition Rating (4/10), the home offers significant upside for cosmetic modernization. Located in the prestigious Las Virgenes school district with a massive 358,145 sq ft lot, this property is an ideal acquisition for Value-Add Investors or Owner-Occupants seeking long-term appreciation in Calabasas.
Property is moderate renovation needed.
Built in 1987, the home is over 30 years old and appears mostly original. While well-maintained and move-in ready, the kitchen features dated oak cabinetry and older appliances, and the living areas contain dated green carpeting, indicating a need for cosmetic updates.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 358145, living area = 2864.
Situated in a secure gated Calabasas neighborhood within the highly-regarded Las Virgenes school district, offering immediate proximity to The Promenade's premier shopping and dining.
The 2,864 sq ft layout features an open-concept kitchen, a generous upstairs loft ideal for a home office or media room, and a desirable 3-car garage.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =358145, other record lot size in square feet = 358029.
The list price was increased by $100,000 shortly after the initial listing, which may create friction in buyer negotiations and affect market momentum.
Built in 1987, the residence may require cosmetic updates or modern system overhauls to meet the expectations of contemporary luxury buyers in Calabasas.
Fabulous two-story home in a gated Calabasas neighborhood, offering 2,864 sq ft of comfortable, light-filled living. This well-designed residence features 3 spacious bedrooms, a large family room, formal living room, and a dedicated dining room. Upstairs, a generous loft provides flexible space for an office, media room, or play area.The open-concept kitchen anchors the home with ample counter space, abundant cabinetry, and seamless flow to the main living areas--perfect for everyday living and entertaining. A convenient laundry room sits just off the kitchen with direct access to the attached 3-car garage for easy coming and going.Set in the heart of beautiful Calabasas, this community places you moments from The Promenade, premier shopping and dining, and highly regarded schools. Enjoy the privacy and security of a gated setting with all the convenience of an exceptional location.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 4.0 |
| Baths | 3.0 | 4.0 |
| Square foot | 2,864 | 3,125 |
| Lot Size | 358,145 | 11,864 |
| Price | $1.50M | $1.98M |
| Price per sq ft | $523 | $716 |
| Built year | 1987 | 1991 |
| HOA | $535.0 | $362 |
| Days on market | 13 | 56 |
Jul 13, 2026
$1,499,000
$1,399,000
+7% Price Increase
Initial Listing
Jul 9, 2026
$1,399,000
Initial Listing