NOT LISTED FOR SALE

1402 Old Topanga Canyon Rd Topanga, CA 90290

Estimated Value: $1,180,000 - $1,670,000

1 Bed
1.5 Baths
3,255 Sq Ft
$441/Sq Ft Est. Value

Last Sold July 29, 2024

Last sale price $1,289,000 $396 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $8,571/month

14 Days on Market

Highlights

  • Detached Guest House
  • Midcentury Modern Architecture
  • No HOA
  • Art Studio
  • Room in yard for a pool
  • Home Office

About This Home

As of July 2024

Topanga Skyline Studio | Live/Work Loft, 1957. Own a piece of history in this fabled canyon recording venue, where a long list of music legends has performed over the years, including Bob Dylan, Neil Young, Robert Plant, and Sting. According to local lore, the mid-century modern building was originally used as a local feed and general store, finally becoming famous in the early 70s as the home of Sir Douglas Quintet drummer Johnny Perez, and one of the influential recording studios in Los Angeles. Household names like Jackson Browne, Bobby McFerrin, Chicago, The Bangles, Spirit, Living Colour, Savoy Brown, The Chieftains, T Bone Burnett, Alison Krauss, Rickie Lee Jones, Billy Preston, The Band, and Little Feat have allegedly produced and recorded hit songs here. No longer zoned for commercial purposes, the property is now being used as a Single Family Residence, although the vintage recording spaces are still intact. Current zoning allows for limited commercial and production activities by the owner/occupant, including an art studio, architecture office, fine arts gallery, recording studio, and many other uses. The current owners stabilized the building shortly after purchase, clearing out debris and opening the floor plan, waterproofing the retaining wall, and adding a new roof, electrical, plumbing, and septic lines, in addition to kitchen and bath finishes. The result is a textured minimalism, with exposed roof rafters and sand-finished plaster walls, like an art compound in Marfa. In addition, the large street-to-street and mostly flat lot offers a number of development opportunities, with a vintage trailer, an old hunting cabin, the possibility of an ADU, and maybe even subdividing like the property across the street. Roughly 2 miles to the Topanga Town Center and 4 miles to Calabasas, nestled in the Santa Monica Mountains, the property is close to numerous hiking and horseback riding trails, and not far from the Pacific Ocean.

Last Agent to Sell the Property

Brian Linder

Compass License #01248728 Listed on: 06/26/2024

Compass

Co-Listed By

Rick Grahn

Compass License #01162701

Last Buyer's Agent

Sophie Zeiler

Snyder Sutton Real Estate License #01993809

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,754

Year Built

  • Built in 1957

Lot Details

  • 0.32 Acre Lot
  • Property is zoned LCC4-R110000*

Home Design

  • Midcentury Modern Architecture
  • Flat Roof Shape

Interior Spaces

  • 3,255 Sq Ft Home
  • 1-Story Property
  • Dining Area
  • Home Office
  • Art Studio
  • Sound Studio
  • Concrete Flooring
  • Oven or Range

Bedrooms and Bathrooms

  • 1 Bedroom

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • 10 Open Parking Spaces
  • 10 Parking Spaces
  • Driveway

Outdoor Features

  • Room in yard for a pool
  • Shed

Additional Homes

  • Detached Guest House

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 4438-012-001

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,754

Year Built

Built in 1957

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Mid-Century
  • Levels: One
  • Street Number Display: Yes
  • Advertising Remarks: Topanga Skyline Studio | Live/Work Loft, 1957. Own one of the most influential recording studios in LA, where a long list of music legends has performed over the years, including Bob Dylan, Neil Young, Robert Plant, and Sting. New owners stabilized the mid-century modern building, opening the floor plan, waterproofing the retaining wall, adding a new roof, electrical, plumbing, and septic lines, in addition to kitchen and bath finishes, although the vintage recording spaces are still intact. Residencial zoning allows for limited commercial activities by owner/occupant: art studio, architecture office, fine arts gallery, recording studio, and others. Large street-to-street lot, vintage trailer, old hunting cabin, possibility of ADU, and maybe even subdividing. 2 miles to Topanga Town Center; 4 miles to Calabasas, lose to hiking and horseback riding trails, not far from the Pacific Ocean.
  • Living Area: 3255
  • Lot Acreage: 0.3240
  • Stories: 1
  • Year Built: 1957
  • Number Of Photos: 22
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Flooring: Mixed, Cement
  • Bedrooms: 1
  • Full Bathroom: 1
  • Half Bathroom: 1
  • Common Walls: Detached/No Common Walls
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Dining Room: 0
  • Family Room: 0
  • Laundry: Inside
  • Total Bathrooms: 2.00
  • Den: 0
  • Equipment: Dryer, Refrigerator, Range/Oven, Washer
  • Price Per S Q F T: 284.18

Exterior Features

  • Other Structures: Accessory Bldgs, Shed(s)
  • Guest House: Detached
  • Pool Description: Room For
  • Pool: No
  • Roof: Flat
  • Spa Yn: No
  • View: No

Garage/Parking

  • Other Spaces: 10
  • Parking Garage: Driveway
  • Total Parking: 10

Condo/Co-op/Association

  • HOA: No

Schools

  • School District: Palos Verdes / LAUSD - Inquire

Lot Info

  • Special Zoning: Property Report
  • Assessor Parcel Number: 4438-012-001
  • Lot Size Area: 14112

MLS Schools

  • School District: Palos Verdes / LAUSD - Inquire

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 26, 2024
Closed on
Jul 22, 2024
Sold by
Grace James Malcolm
Bought by
Gomez Logan B and Dunn Madison Laurel
Seller's Agent
Brian Linder
Compass
Buyer's Agent
Sophie Zeiler
Snyder Sutton Real Estate
List Price
$1,450,000
Sold Price
$1,289,000
Premium/Discount to List
-$161,000
-11.1%
Views
24
Current Estimated Value
$1,434,962

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$145,962
Avg. Annual Appreciation
16.30%
Original Mortgage
$1,031,200
Outstanding Balance
$1,020,624
Interest Rate
6.95%
Mortgage Type
New Conventional
Estimated Equity
$505,872

Purchase Details

Listed on
May 8, 2013
Closed on
Aug 19, 2013
Sold by
Kemper William
Bought by
Grace James Malcolm
Seller's Agent
Sarah Sutton
Snyder Sutton Real Estate
Buyer's Agent
Sarah Sutton
Snyder Sutton Real Estate
List Price
$849,000
Sold Price
$640,000
Premium/Discount to List
-$209,000
-24.62%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.61%

Purchase Details

Closed on
Dec 7, 2012
Sold by
Kemper William
Bought by
Kemper William and Blake William

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
3.27%
Mortgage Type
Unknown

Purchase Details

Closed on
Oct 7, 2002
Sold by
Kemper William
Bought by
Kemper William
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Gomez Logan B $1,289,000 First American Title Company
Grace James Malcolm $440,004 Chicago Title Company
Kemper William -- Accommodation
Kemper William -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gomez Logan B $1,031,200
Previous Owner Kemper William $50,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/29/2024 07/29/24 Sold $1,289,000 +39.4% $396 / Sq Ft
07/10/2024 07/10/24 Pending -- -- --
07/03/2024 07/03/24 Price Changed $925,000 -36.2% $284 / Sq Ft
06/26/2024 06/26/24 For Sale $1,450,000 +126.6% $445 / Sq Ft
08/22/2013 08/22/13 Sold $640,000 -8.4% $197 / Sq Ft
08/19/2013 08/19/13 Pending -- -- --
07/11/2013 07/11/13 Price Changed $699,000 -6.7% $215 / Sq Ft
06/07/2013 06/07/13 Price Changed $749,000 -6.3% $230 / Sq Ft
05/29/2013 05/29/13 Price Changed $799,000 -5.9% $245 / Sq Ft
05/08/2013 05/08/13 For Sale $849,000 -- $261 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $9,754 $1,289,000 $970,000 $319,000
2024 $9,754 $769,160 $600,910 $168,250
2023 $9,539 $754,079 $589,128 $164,951
2022 $9,024 $739,294 $577,577 $161,717
2021 $8,917 $724,799 $566,252 $158,547
2019 $8,626 $703,303 $549,457 $153,846
2018 $8,499 $689,514 $538,684 $150,830
2016 $8,115 $662,741 $517,767 $144,974
2015 $7,988 $652,787 $509,990 $142,797
2014 $7,993 $640,000 $500,000 $140,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 24-408849

The MLS

APN: 4438-012-001