tomo logo

$1,600,000

Beds
1
Baths
1.75
sq ft
1,180

1585 N Topanga Canyon Blvd, Topanga, CA 90290

1585 N Topanga Canyon Blvd

Topanga, CA 90290

  • 242 days on market
    • Price drop $100,000↓
A Newly Constructed, fully permitted 1,180 sq ft home offering substantial space for expansion - A rare opportunity tucked away in the heart of Topanga Canyon on nearly 1 acre of usable flat land, this magnificent fire resistant property offers a serene escape from the fast-paced urban lifestyle. Accessible via a shared driveway and a reconstructed private bridge, just off Topanga Canyon Blvd, this property is a hidden gem waiting to be discovered. As you enter the fully renovated single-family home through the custom Old World doors with wrought iron details, you'll be welcomed by a spacious living room with high ceilings and the original Saltillo tile floors which seamlessly connects to an open kitchen fitted with brand new appliances. The living space is bathed in natural light with large windows cut into the timeless slump-stone walls offering tranquil views of the surrounding natural greenery. Up the stairs, you'll find a spacious loft (bonus room) leading to the fully renovated bedroom and 2nd luxuriously adorned bathroom. Enjoy the private balcony surrounded by the beauty of Topanga. The outdoor space is a true oasis. When you step onto the property, you're greeted by the creekside setting, where a 700 sq ft footprint remains of the original barn (was a 3bd/1ba guest house, in the process of being rebuilt) with a newly laid subfloor in place and its own active electric meter, ripe for transformation and awaiting your creative vision. The large yard is fully leveled and covered in decomposed granite (DG), providing a versatile canvas for your landscaping dreams. Take delight in the planting boxes adorned with vibrant roses, while olive trees and fruit trees are thoughtfully scattered throughout the property. In this freshly erected main house, a series of upgrades has been seamlessly integrated to enhance its overall quality and sustainability. The extensive list of improvements includes a double-insulated (R-62) standing seam metal roof with radiant heat shields, which is complemented by energy-efficient Andersen Fibrex windows throughout the residence. A Pelican PSE2000 premium whole house water filter-softener and the installation of an energy-efficient tankless electric water heater and HVAC system, now supported by the upgraded 200A panel, have significantly improved the property's utility. The house has undergone a complete electrical rewiring, and the septic system's: the main septic featuring an oversized 1500-gallon tank, which was both evaluated and certified in 2022, and the second new septic system was strategically installed closer to Topanga Canyon Blvd. awaiting new construction of an accessory building. Structural analysis, reinforcements, and upgrades have been meticulously carried out in the house, utilizing premium materials. To ensure durability, the exterior now features fireproof concrete siding. The landscape has been thoughtfully designed to incorporate native, drought-tolerant, and fire-resistant trees and shrubs, including oaks, laurels, olives, and French lavender planted extensively throughout the property. Additional enhancements encompass a newly paved driveway, new irrigation pump and controller, as well as redwood raised garden beds in a full sun location, creating a harmonious blend of nature, privacy, and tranquility. A new lifetime bridge, boasting galvanized zinc-coated, powder-coated I-beams, reinforced abutments, and culvert protection, spans the creek. This is beautifully complemented by recently renovated weirs, stone gabions, and retaining structure that span the entirety of the property, adding to the overall appeal and functionality. Don't miss this rare opportunity to take over a Topanga homestead that has remained within the same family for more than five decades, that is conveniently located a short walk from Topanga Living Cafe, Will Geer Theater and Topanga Community House. Offering a rare blend of natural beauty, lifetime design, and a blank canvas to shape as your own.

Details

Property type

Single Family Residence

Est. home value

$895,841

Property condition

Updated/Remodeled

Lot size

0.9878 acres

Price per sq ft

$1,356

Year built

2022

HOA

No

Price History

04/09/2024
CLAW

CLAW #23326009

Price change
$1,600,000
-5.88%
03/31/2024
CLAW

CLAW #23326009

Listed
$1,700,000
03/01/2024
CLAW

CLAW #23326009

Removed
$1,700,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

High school district: 

Los Angeles Unified

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Caltech Employees Fcu

Loan start date

March 2018

Original loan amount

$206,900

Est. remaining balance

Not provided

Interest rate

3.46%

Loan type

Credit Line (Revolving), 10 year

Seller

Heidi Morrison and Danh H Nguyen

Lender

Caltech Employees Fcu

Loan start date

February 2018

Original loan amount

$453,100

Est. remaining balance

$396,328

Interest rate

3.95%

Loan type

New Conventional, 30 year

Seller

Heidi Morrison and Danh H Nguyen

Lender

The California Credit Union

Loan start date

April 2001

Original loan amount

$50,000

Est. remaining balance

Not provided

Interest rate

6.97%

Loan type

Credit Line (Revolving)

Seller

John H Morrison and Sharon E Morrison

Lender

Dba First Financial Bancorp

Loan start date

June 1999

Original loan amount

$230,000

Est. remaining balance

$76,563

Interest rate

6.88%

Loan type

Not Provided, 30 year

Seller

John H Morrison and Sharon E Morrison

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 07/05/2024 at 11:35 PM

Listing updated: 06/10/2024 at 3:24 PM

Listed by: Chantal von Wetter, Topanga Properties Phone #: (310) 455-1344

MLS: CLAW #23326009

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