736 Crater Oak Drive, Calabasas, California 91302, Calabasas, 91302 - 4 bed, 3 bath
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Calabasas, California 91302
Analysis of 736 Crater Oak Drive, Calabasas, California 91302 is currently available with a list price of $2,600,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. 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 both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is moderate renovation needed.
Built in 1965, the property features a kitchen and bathrooms that appear to have been updated approximately 20 years ago, placing them in the 'dated' category. While functional with granite countertops and solar energy, the listing explicitly markets the home as a renovation opportunity or 'canvas' for customization, aligning with the need for modern updates.
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.
The nearly 54,000 sq. ft. lot is a rare find in Calabasas, offering a unique 'country retreat' feel with a barn, chicken coop, pizza oven, and playground already in place.
With a 2,012 sq. ft. home situated on over an acre of land, this property serves as an ideal canvas for a major renovation or a large-scale luxury expansion to maximize the site's value.
Built in 1965 and marketed as a renovation opportunity, the home likely requires substantial capital investment to modernize the interior finishes and core systems to meet contemporary standards.
At a $2.6M list price for approximately 2,000 sq. ft. of living space, the value is heavily weighted in the land, which may be a deterrent for buyers not looking to undertake a major construction project.
Set on an expansive, nearly 54,000 sq. ft. lot with beautiful views, this 4-bedroom, 3-bath home offers 2,012 sq. ft. of living space and an exceptional opportunity to create your dream property. Whether you’re looking to renovate, reimagine the existing layout, or explore the potential to expand (buyer to verify), this home provides the perfect canvas to bring your vision to life. The spacious floor plan offers great bones and endless possibilities for customization, while the sprawling lot invites you to design the lifestyle you’ve always wanted. The outdoor space is rich with character, featuring garden areas, a pizza oven, a barn, chicken coop, compost area, and a playground—ideal for gardening, hobby farming, recreation, or simply enjoying the peaceful surroundings. There’s also ample space to expand outdoor living areas, add amenities, or further enhance the property’s unique appeal. Solar adds energy efficiency and value. Rarely does a property combine this much land, scenic beauty, and potential. Whether you’re dreaming of a modern renovation, an expanded home, or a private country retreat, this is a rare opportunity to create a truly special property.
No exterior & parking available.
Grades K-5 • 5.6 mi
Grades 6-8 • 3.6 mi
Grades 9-12 • 5.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 4.0 |
| Baths | 3.0 | 4.0 |
| Square foot | 2,012 | 3,125 |
| Lot Size | 53,866 | 11,864 |
| Price | $2.60M | $1.98M |
| Price per sq ft | $1.3K | $716 |
| Built year | 1965 | 1991 |
| HOA | $700.0 | $362 |
| Days on market | 13 | 56 |
Jul 9, 2026
$2,600,000
Initial Listing