29820 Rainbow Crest Drive, Agoura Hills, California 91301, Agoura Hills, 91301 - 3 bed, 3 bath
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Agoura Hills, California 91301
This Value-Add Residential Asset presents a strategic opportunity in Agoura Hills, featuring a List Price of $1,149,000—positioned below the $1,171,513 Fair Market Value by 1%. This valuation provides $22,513 in Instant Equity for a property in Condition Rating 4. Boasting Panoramic Mountain Views and located within the elite Las Virgenes School District (Willow Elementary rated 9/10), the spacious 2,430 sqft "as-is" floor plan offers immense potential for forced appreciation. This is an ideal acquisition for Fix-and-Flip Investors or Contractors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 29820 Rainbow Crest Drive Subject | $1,149,000* List Price | 3 | 3 | 2,430 | $482 | - |
A 30120 Amelia Drive Sold | $1,285,500 | 4 | 3 | 2,430 | $529 | 0.4 mi |
B 29451 Trailway Lane Sold | $1,050,000 | 4 | 3 | 2,372 | $443 | 0.5 mi |
C 29392 Hillrise Sold | $1,115,000 | 4 | 3 | 1,972 | $565 | 0.5 mi |
D 5506 Evita Court Sold | $1,325,000 | 4 | 3 | 2,785 | $476 | 0.2 mi |
E 29938 Quail Run Drive Sold | $1,350,000 | 4 | 4 | 2,848 | $474 | 0.2 mi |
F 29148 Hillrise Drive Sold | $953,000 | 4 | 2 | 1,660 | $574 | 0.8 mi |
G 5679 Slicers Circle Active | $1,099,000 List Price | 5 | 4 | 2,378 | $462 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1983, this property is a classic 'time capsule' that appears well-maintained but lacks modern updates. The kitchen features original oak cabinetry, white tile countertops, and a dated fluorescent light box ceiling. Popcorn ceilings are present throughout the living areas, and the brick fireplace and wood banisters reflect the original construction style. While the home is functional and livable, the listing's 'as-is' status and 'diamond in the rough' description confirm it requires a full cosmetic overhaul to meet contemporary standards.
Elementary School: Willow Elementary School (9/10).
Situated in the desirable Oak View Ranch community, the property is served by the highly-rated Las Virgenes School District and offers immediate proximity to Forest Cove Park and local hiking trails.
The home features stunning, unobstructed views of Ladyface Mountain and the Santa Monica Mountains from multiple vantage points, significantly increasing its long-term value.
The property is being sold in its current 'as-is' state and is characterized as a 'diamond in the rough,' indicating that it requires comprehensive restoration and modernization.
Beyond the purchase price, buyers will need to secure substantial additional funding to address the necessary updates and repairs needed to bring the home to contemporary standards.
Fantastic opportunity awaits one lucky buyer! This view top property in the heart of Agoura Hills is perfect for anyone with a vision to restore and make it their own. Wonderful location nestled in the Oak View Ranch community. Boasting awesome views of Ladyface and the Santa Monica Mountains. Spacious lot with room for a pool. Plenty of parking across the street and just up the path is Forest Cove Park! Spacious and open floor- plan, formal entry, living area, high ceilings, formal dining., downstairs bath, separate laundry. Large kitchen that opens to a family room with fireplace, wet bar. Light and bright. Enjoy views from multiple rooms in the home. All three bedrooms are upstairs with a possibility to convert to a 4th, hall bath and generous sized primary suite with view, pitched ceilings, en-suite bath and walk in closet. Don't miss this opportunity to update and personalize, SOLD AS IS, bring your ideas and vision, this diamond in the rough is priced to sell, and a true gem waiting to be polished. Close to beaches, excellent Las Virgenes Schools, shopping, parks, entertainment and hiking trails. Location, Location, Location!
No exterior & parking available.
Grades K-5 • 1.1 mi
Grades K-5 • 1.2 mi
Grades 6-8 • 0.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 20% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,430 | 2,805 | 37% |
| Lot Size | 5,542 | 10,124.5 | 16% |
| Price | $1.15M | $1.54M | 21% |
| Price per sq ft | $473 | $596 | 15% |
| Built year | 1983 | 1980 | 53% |
| HOA | $175.8 | $0 | 71% |
| Days on market | 22 | 196 | 1% |
Mar 31, 2026
$1,149,000
Initial Listing