3833 Waterford, Calabasas, California 91302, Calabasas, 91302 - 4 bed, 4 bath
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Calabasas, California 91302
This property presents a High-Potential Investment Opportunity with a List Price of $1,899,000—positioned well below the $1,889,130 Fair Market Value (Note: Market parity). Featuring a 4-bedroom, 3.5-bathroom layout with a 3,626 sqft floor plan, the home maintains a Condition Rating of 4, reflecting original 1990 finishes. Located in the prestigious Mulholland Heights community within the Las Virgenes School District, this residence offers significant upside for Value-Add Investors and Owner-Occupants seeking to customize a spacious, well-located asset in a top-tier Calabasas neighborhood.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3833 Waterford Subject | $1,899,000* List Price | 4 | 4 | 3,626 | $521 | - |
A 3627 Via Del Prado Sold | $2,075,000 | 5 | 4 | 3,779 | $549 | 0.4 mi |
B 3935 Bon Homme Sold | $1,758,855 | 4 | 4 | 3,041 | $578 | 0.4 mi |
C 4086 Declaration Sold | $1,560,000 | 4 | 3 | 2,521 | $619 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1990 and offered by the original owner, the property is well-maintained but remains in mostly original condition. With 34-year-old kitchen and bath finishes (oak cabinetry, white tile counters) and original systems, the home is functional but dated, fitting the criteria for a property needing cosmetic updates and modernization.
Situated in the highly sought-after Mulholland Heights community, this home offers access to top-rated Las Virgenes schools and private neighborhood amenities, ensuring strong long-term value.
The nearly 3,700 sqft layout includes a rare downstairs bedroom and an upstairs bonus room, providing excellent flexibility for multigenerational living or a dedicated home office.
As an original-owner property on the market for the first time since 1992, it serves as a prime 'blank canvas' for buyers looking to build equity through custom high-end renovations.
Being in original condition for over 30 years, the home will require a substantial capital investment to modernize finishes and systems to meet current luxury standards.
The backyard is described as a 'vision ready to be transformed,' indicating a lack of established landscaping or a pool, which may be a drawback for buyers seeking a move-in-ready retreat.
Original owner, first time on the market since 1992. Located in the prestigious Mulholland Heights community of Calabasas, this two-story residence offers nearly 3,700 square feet of living space, featuring 4 bedrooms, 3.5 bathrooms. The thoughtfully designed open floor plan includes one bedroom and one-and-a-half bathrooms downstairs, along with an upstairs bonus room—ideal for guests, multigenerational living, or a flexible home office space. The expansive primary suite serves as a private retreat, featuring a large walk-in closet and an oversized bathroom designed for comfort and relaxation. The backyard offers a unique opportunity to bring your vision to life—an inviting space ready to be transformed into a personalized outdoor sanctuary for entertaining, unwinding, and enjoying the Calabasas lifestyle. This home presents a rare opportunity to reimagine and customize a property with a well-proportioned layout and an unbeatable location—perfect for creating a truly special home in one of Calabasas’ most sought-after neighborhoods. Residents enjoy access to a private neighborhood park, patrolled security, top-rated Calabasas schools, nearby hiking trails, and endless opportunities to enjoy the outdoors. Conveniently located near the freeway and Gelson’s shopping center, HOA dues include private security, neighborhood park, landscaping, and common area maintenance.
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades 6-8 • 0.2 mi
Grades 6-8 • 2.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 4.0 | 4.0 | 50% |
| Square foot | 3,626 | 2,918 | 68% |
| Lot Size | 9,469 | 12,983 | 31% |
| Price | $1.90M | $1.99M | 46% |
| Price per sq ft | $524 | $726 | 11% |
| Built year | 1990 | 1987 | 68% |
| HOA | $225.0 | $106 | 57% |
| Days on market | 0 | 145 | 1% |
May 12, 2026
$1,899,000
Initial Listing