
Calabasas, California 91302
This Spacious Traditional Home represents a Strong Value Opportunity, listed at $1,425,000—positioned well below the $1,545,772 Fair Market Value by 7%. This valuation gap provides $120,772 in Instant Equity for the next owner. With a Condition Rating of 4, the property offers significant potential for cosmetic modernization. Located in the prestigious Las Virgenes School District, this home features Panoramic Mountain Views, a Spacious Deck, and a flexible floor plan, making it an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to build long-term value.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 23620 Clover Trail Subject | $1,425,000* List Price | 3 | 3 | 2,852 | $542 | - |
A 23665 Summit Active | $1,690,000 List Price | 4 | 3 | 2,765 | $611 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1984, this 40-year-old property is described as needing 'vision and creativity,' indicating it is dated. While the kitchen has received a partial cosmetic refresh with stainless steel appliances and painted cabinetry, the overall interior finishes, including worn flooring and older window systems, suggest the home requires minor repairs and modernization to meet current standards.
Situated in the desirable Calabasas Highlands, the property offers a unique rural, forest-like atmosphere with breathtaking panoramic views of the mountains and valley.
The home is located within the prestigious Las Virgenes Unified School District, providing access to top-rated schools including Calabasas High and Chaparral Elementary.
With over 2,800 square feet of living space, high ceilings, and a converted office that can easily serve as a fourth bedroom, the floor plan offers significant versatility.
The property is positioned as a creative opportunity for the next owner, suggesting that the interior may require cosmetic updates or renovations to reach its full potential.
While the hillside is terraced for gardening, the 5,053 sqft sloped lot provides limited flat outdoor space for traditional backyard recreation or expansion.
Nestled in the Calabasas Highlands, a rustic mountain community with a collection of eclectic homes some dating back to the mid-1920s, this captivating neighborhood retains a magical forest-like rural setting. Set up on a gentle slope with sweeping views this charming 3 bedroom and 2.5 bath home features a welcoming living room with fireplace, balcony and high ceilings; a formal dining room that opens to the back patio. A spacious kitchen with great storage, counter space and a breakfast nook you can easily entertain from intimate gatherings to larger celebrations. A fourth bedroom on the first floor was converted to an office in 2019 and can easily be returned to its original purpose. Upstairs, a comfortable enchanting primary bedroom with warm light and a serene setting and two bedrooms with views. Enjoy breathtaking sunrises and stunning sunsets over the horizon. This is one of the most special properties in the Highlands waiting for its next Owner to bring their vision, creativity and magic to this special place and enjoy the laid-back vibe of this rural artistic enclave for years to come. Two car garage with direct entry, terraced hillside great for gardening and off street parking. Close proximity to Calabasas Klubhouse Pre-School, Chaparral Elementary, AC Stella Middle School, Calabasas Montessori, Calabasas High and Viewpoint. Easy access to Westlake Village, Malibu, Topanga Canyon and Ventura County.
No exterior & parking available.
Grades K-5 • 1.6 mi
Grades 6-8 • 1.9 mi
Grades 9-12 • 1.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 4.0 |
| Baths | 3.0 | 4.0 |
| Square foot | 2,852 | 3,125 |
| Lot Size | 5,053 | 11,864 |
| Price | $1.43M | $1.98M |
| Price per sq ft | $500 | $716 |
| Built year | 1984 | 1991 |
| HOA | $0 | $362 |
| Days on market | 6 | 56 |
Jul 16, 2026
$1,425,000
Initial Listing
Dec 30, 2005
$800,000
Public Record