5964 Ruthwood Drive, Calabasas, California 91302, Calabasas, 91302 - 3 bed, 3 bath

5964 Ruthwood Drive, Calabasas, California 91302 home-pic-0
ACTIVE$865,000
5964 Ruthwood Drive, Calabasas, California 91302
3Beds
3Baths
2,012Sqft
189,421Lot
Year Built
1989
Close
-
List price
$865K
Original List price
$925K
Price/Sqft
$430
HOA
$450
Days on market
-
Sold On
-
MLS number
225003049
Home ConditionFair
Features
Good View: Canyon
Patio
ViewCanyon

About this home

We found 3 Cons,5 Pros. Rank: price - $865.0K(80th), sqft - 2012(90th), beds - 3(50th), baths - 3(50th).

Tucked in the scenic hills of Malibu Canyon on a gate-guarded street, this 3-bed, 3-bath home offers privacy and prime amenities in a peaceful cul-de-sac within the award-winning Las Virgenes School District. This home is tenant-occupied through March 2026, providing immediate rental income to offset your purchase.Recent upgrades reduce big-ticket expenses for the next owner: new flooring, a roof replaced within the last three years, and abundant natural light that can be easily shaded to keep cooling costs down.On the main floor, a versatile den with wet bar makes for a perfect home office, guest space, or bonus room. Upstairs, the oversized primary suite features an adjoining retreat space -- ideal for a workspace, reading nook, or nursery.As a bonus, this home sits just steps from the quiet community pool, spa, and tennis court -- all maintained by the HOA. The HOA also covers brush clearance around the community perimeter and even helping to provide supplemental exterior fire insurance.

Nearby schools

7/10
Lupin Hill Elementary School
Public,K-50.1mi
7/10
Arthur E. Wright Middle School
Public,6-82.1mi
10/10
Oak Park High School
Public,9-123.9mi
8/10
Calabasas High School
Public,9-124.7mi

Price History

Date
Event
Price
08/26/25
Price Change
$865,000-6.5%
06/19/25
$925,000
Condition Rating
Fair

Built in 1989, this property has had significant recent updates including new flooring and a roof replaced within the last three years, which are major positives. However, the kitchen features original, dated wood cabinets, tiled countertops, and an outdated fluorescent light panel. The bathrooms also show their age with gold-tone fixtures, original vanities, and dated lighting. While functional and well-maintained, the kitchen and bathrooms would require cosmetic updates to meet current aesthetic standards, fitting the 'Fair' criteria of requiring minor updates and having major components that are functional but outdated.
Pros & Cons

Pros

Prime Location & School District: Tucked in a gate-guarded cul-de-sac within the scenic Malibu Canyon, this home is zoned for the highly-rated Las Virgenes School District.
Guaranteed Rental Income: The property is tenant-occupied through March 2026, providing immediate and stable rental income to offset purchase costs.
Key Capital Improvements: Recent upgrades include new flooring and a roof replaced within the last three years, reducing immediate capital expenditures for the buyer.
Exclusive Community Amenities: Residents have access to a quiet community pool, spa, and tennis court, all conveniently maintained by the HOA.
Comprehensive HOA Benefits: The HOA covers essential services such as brush clearance around the community perimeter and supplemental exterior fire insurance, offering added security and cost savings.

Cons

Restricted Occupancy: The existing tenant lease extends until March 2026, preventing immediate owner-occupancy or extensive renovations for a new buyer.
Significant HOA Dues: A monthly association fee of $450 adds a notable recurring cost to homeownership, which buyers must factor into their budget.
Recent Price Reduction: The property has seen a price reduction from its original list price of $925,000 to $865,000, which may indicate market resistance or initial overpricing.

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