736 Crater Oak Drive, Calabasas, California 91302, Calabasas, 91302 - 4 bed, 3 bath
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736 Crater Oak Drive
Calabasas, California 91302
ACTIVE
CONDITION: POOR
4Beds
3Baths
2,012Sq Ft
53,866Lot Size
Property Price
LIST PRICE$1,995,000
SUMMARY
Analysis of 736 Crater Oak Drive, Calabasas, California 91302 is currently available with a list price of $1,995,000. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. Located in a high-demand neighborhood within the Calabasas Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1965, this property is nearly 60 years old and retains a significantly dated interior. The kitchen features dark wood paneling and older cabinetry, while the bathrooms show 30+ year old fixtures and green laminate counters. The listing description explicitly frames the home as a 'foundation' for a buyer's vision, suggesting a need for 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 = 53866, living area = 2012.
- Expansive Lot and Privacy
The property features a rare 1.24-acre lot in Calabasas, offering exceptional privacy, panoramic hill views, and significant space for potential expansion or outdoor development.
- Infrastructure and Safety
The inclusion of solar panels and a current fire certification provides immediate value, energy efficiency, and peace of mind for hillside living.
CONSRISKS & DEFICIENCIES
- Renovation Requirement
Built in 1965 and marketed as a 'foundation for your vision,' the 2,012-square-foot home likely requires substantial modernization and capital investment to meet contemporary luxury standards.
- Market Stagnation
With 56 days on market and a significant price reduction from the original $2.6M listing, the property has faced challenges in finding its market value, which may affect buyer perception.
About 736 Crater Oak Drive
NEW PRICE — $1,995,000 | NEW PHOTOGRAPHY An exceptional opportunity to own approximately 1.24 acres in Calabasas, offering a rare combination of land, privacy, views, and potential. The 4-bedroom, 3-bath residence encompasses approximately 2,012 square feet and provides a foundation for creating a property tailored to your own vision. The expansive grounds offer space and flexibility that are increasingly difficult to find, while the property's setting provides a peaceful retreat with beautiful views and a true sense of space. Additional features include solar and current fire certification, adding value and peace of mind. Apple, Peach and Plum Trees. With brand-new professional photography and a significant price improvement to $1,995,000, 736 Crater Oak Drive is an opportunity to take a fresh look at a property with a setting and scale that are rarely available in Calabasas. Come experience the property, the land, and the possibilities.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1965
- Lot Size
- 53,866 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $700.0 / Month
Neighborhood Insights
Calabasas Unified Schools
Lupin Hill Elementary School
Grades K-5 • 5.6 mi
7/10
Arthur E. Wright Middle School
Grades 6-8 • 3.6 mi
7/10
Calabasas High School
Grades 9-12 • 5.4 mi
8/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 4.3 |
| Baths | 3.0 | 4.3 |
| Square foot | 2,012 | 3,694.816 |
| Lot Size | 53,866 | 13,977.816 |
| Price | $2.00M | $2.37M |
| Price per sq ft | $992 | $703 |
| Built year | 1965 | 1991 |
| HOA | $700.0 | $409 |
| Days on market | 62 | 63 |
Pricing History
Listed for Sale
Sep 3, 2026
$1,995,000
$2,100,000
-5% Price Drop
Initial Listing
Price Change
Aug 8, 2026
$2,100,000
$2,600,000
-19% Price Drop
Initial Listing
Price Change
Jul 9, 2026
$2,600,000
Initial Listing