24366 La Masina Court, Calabasas, California 91302, Calabasas, 91302 - 5 bed, 6 bath
ACTIVE$2,800,000
24366 La Masina Court, Calabasas, California 91302
5Beds
6Baths
9,166Sqft
18,541Lot
Year Built
1987
Close
-
List price
$2.8M
Original List price
$2.8M
Price/Sqft
$305
HOA
$275
Days on market
-
Sold On
-
MLS number
BB25077290
Home ConditionPoor
Features
Excellent View: Canyon, Panoramic
Pool
Spa
Patio
ViewCanyon, Panoramic
About this home
We found 3 Cons,5 Pros. Rank: price - $2.80M(65th), sqft - 9166(98th), beds - 5(63th), baths - 6(78th).
The property has been run down and had water leaks and foundation damage along with roof damage. Property is a short sale subject to lenders and all the creditors approval .property is gated and drive by only . do not go to the property without any appointment.
Nearby schools
6/10
Bay Laurel Elementary School
Public,•K-5•0.6mi
7/10
Alice C. Stelle Middle School
Public,•6-8•2.4mi
8/10
Calabasas High School
Public,•9-12•2.0mi
Condition Rating
Poor
The property, built in 1987, is explicitly described as 'run down' with significant issues including 'water leaks and foundation damage along with roof damage.' These are major structural and system defects that require substantial repairs and rehabilitation, affecting safety and soundness. While specific details on kitchen and bathroom styles are not provided, a property in this condition would undoubtedly have severely outdated and damaged fixtures, requiring complete renovation. This aligns perfectly with the 'Poor' condition criteria.
Pros & Cons
Pros
Prestigious Calabasas Location: Situated in a highly sought-after Calabasas neighborhood, likely within a gated community, offering exclusivity and strong market demand.
Generous Lot & Living Space: Features a substantial 9,166 sqft residence on an expansive 18,541 sqft lot, providing significant scale for a luxury estate.
Desirable Panoramic Views: Offers valuable canyon and panoramic views, a key amenity for high-end properties in the region.
High Value-Add Opportunity: Presents a unique chance for significant equity gain through extensive renovation, appealing to investors or custom home builders.
Excellent School District: Benefits from proximity to highly-rated public schools, a strong draw for families.
Cons
Major Structural & Cosmetic Deficiencies: Requires extensive repairs due to reported water leaks, foundation, and roof damage, necessitating a substantial renovation budget.
Complicated Short Sale Process: The short sale status, subject to multiple approvals, indicates a potentially lengthy and complex transaction timeline.
Limited Initial Access: Restricted viewing ('drive by only, no appointment without appointment') poses a challenge for prospective buyers to conduct thorough initial assessments.