580 Mountain Green Drive, Calabasas, California 91302, Calabasas, 91302 - 4 bed, 2 bath
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580 Mountain Green Drive
Calabasas, California 91302
ACTIVE
CONDITION: POOR
4Beds
2Baths
2,121Sq Ft
78,640Lot Size
Property Price
LIST PRICE$1,755,000
EST. MARKET VALUE
$1,896,621
7% BelowMARKET VALUE
SUMMARY
This property presents a Strong Value Opportunity with a List Price of $1,755,000—positioned well below the $1,896,622 Fair Market Value by 7%. This valuation gap offers $141,622 in Instant Equity for buyers. Featuring a Fair Condition Rating, the home requires modernization but offers significant upside through its expansive 78,640 sqft lot and panoramic Santa Monica mountain views. This is a high-potential asset ideal for Value-Add Investors or Owner-Occupants seeking to build equity through strategic renovation and ADU development.
Estimated Market Value
$1,896,621+$141,621 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Calabasas.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 580 Mountain Green Drive Subject | $1,755,000* List Price | 4 | 2 | 2,121 | $894 | - |
A 736 Crater Oak Drive Active | $1,995,000 List Price | 4 | 3 | 2,012 | $992 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1959, this 65-year-old property appears largely original with dated wood paneling, popcorn ceilings, and mid-century fixtures. While the description mentions 'wood-like flooring,' the overall condition suggests that major systems (HVAC/Electric) and the kitchen/baths are well beyond their 30-year life cycle, requiring a comprehensive rehab to meet modern standards.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 78640, living area = 2121.
- Development Potential
Situated on nearly 2 acres of land, the expansive lot offers significant opportunities for expansion, including the addition of an ADU or equestrian facilities.
- Prestigious Location
Located in the Santa Monica mountains and surrounded by multi-million dollar estates, this property provides excellent investment potential and neighborhood prestige.
CONSRISKS & DEFICIENCIES
- Aging Infrastructure
Built in 1959, the property likely requires significant modernization of its systems and finishes to compete with the surrounding high-end luxury homes.
- Bathroom-to-Bedroom Ratio
With four bedrooms but only two bathrooms, the current layout may be considered underserved for modern family needs or luxury standards.
About 580 Mountain Green Drive
You certainly want to see this fabulous property in the Santa Monica mountains. Located on almost 2 acres with a 4 bedroom 2 baths ingle story. This home has so many charming touches including wood beam ceilings, floor to ceiling brick fireplace, indoor built in grill and wood like flooring. There is so much that can be done with this property including adding an ADU, and its perfect for horses. Surrounded by multi million dollar homes, this home is a total find. Professional pics coming
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1959
- Lot Size
- 78,640 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 4.3 |
| Baths | 2.0 | 4.3 |
| Square foot | 2,121 | 3,694.816 |
| Lot Size | 78,640 | 13,977.816 |
| Price | $1.75M | $2.37M |
| Price per sq ft | $827 | $703 |
| Built year | 1959 | 1991 |
| HOA | $0 | $409 |
| Days on market | 6 | 63 |
Pricing History
Listed for Sale
Sep 3, 2026
$1,755,000
Initial Listing