NOT LISTED FOR SALE

20037 Observation Dr Topanga, CA 90290

Estimated Value: $1,189,000 - $1,504,000

2 Beds
2 Baths
1,800 Sq Ft
$729/Sq Ft Est. Value

Last Sold July 22, 2022

Last sale price $1,350,000 $750 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $7,739/month

25 Days on Market

Highlights

  • Detached Guest House
  • 0.85 Acre Lot
  • Property Near a Canyon
  • Art Studio
  • Canyon View
  • Wood Flooring

About This Home

As of July 2022

Project Observation is a great fixer opportunity in the center of Topanga Canyon. Privately tucked back in the hillside on close to an acre of land in the highly desirable climate perfect Fernwood area with multiple rustic accessory buildings throughout: a main house, an office, a yurt, a cabin, a studio, a trailer and multiple storage areas. The comfortable main-house has 2 bedrooms and 2 bathrooms with an inviting open floor plan which expands to big private decks and a large flagstone courtyard. Complete with a safe fire pit and raised bed gardens. Turn this into the perfect outdoor bbq area for friends and family... Meander through the natural pathways up to the large perched hillside yurt that once was used by Robert Downey Jr for his spiritual healing work. Or disappear up the rock ledge staircase which opens to a studio and a cabin with beautiful cross canyon views. This property has tons of potential and comes with plenty to work on. Live in the main house comfortably while you sort through the labors of love this land desperately needs. Notice of violation on title. Seller will carry (ask la for details). Property sold "AS IS". Neither Seller nor Broker/Agents guarantee the accuracy of the square footage, lot size, permits or other information concerning the conditions / features of the Property. Do not disturb occupants. Call LA for a showing.

Last Agent to Sell the Property

Chantal von Wetter

Topanga Properties License #01400450 Listed on: 05/16/2022

Last Buyer's Agent

Chantal von Wetter

Topanga Properties License #01400450 Listed on: 05/16/2022

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1935

Lot Details

  • 36,824 Sq Ft Lot
  • Property Near a Canyon
  • North Facing Home
  • Chain Link Fence
  • Property is zoned LCR110

Home Design

  • Bungalow
  • Cosmetic Repairs Needed
  • Fixer Upper

Interior Spaces

  • 1,800 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Wood Burning Fireplace
  • Separate Family Room
  • Living Room with Attached Deck
  • Den
  • Loft
  • Bonus Room
  • Art Studio
  • Canyon Views

Kitchen

  • Open to Family Room
  • Oven
  • Gas Cooktop

Flooring

  • Wood
  • Stone

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Studio bedroom
  • Converted Bedroom
  • Walk-In Closet
  • 2 Full Bathrooms
  • Steam Shower

Laundry

  • Laundry Located Outside
  • Propane Dryer Hookup

Parking

  • 6 Open Parking Spaces
  • 6 Parking Spaces
  • Driveway
  • Automatic Gate

Utilities

  • Property is located within a water district
  • Propane Water Heater
  • Septic Tank

Additional Features

  • Covered Patio or Porch
  • Detached Guest House
  • Ground Level Unit

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 4447-031-001

Home Details

Home Type

Single Family

Year Built

Built in 1935

Lot Details

0.85 Acres

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Bungalow
  • Levels: Ground Level
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: Yes
  • Advertising Remarks: Tennant Occupied. Do Not Disturb Tenants. Tenants moving June 1. Call LA for a showing
  • Entry Location: Living Room
  • Living Area: 1800
  • Lot Acreage: 0.8500
  • Probate: No
  • Property Condition: Fixer, Repair Cosmetic
  • Stories: 1
  • Year Built: 1935
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Interior Amenities: Drywall Walls
  • Fireplace Rooms: Wood Burning
  • Flooring: Hardwood, Stone Tile
  • Appliances: Propane, Oven, Cooktop - Gas
  • Bedrooms: 2
  • Fireplaces: 1
  • Full Bathroom: 2
  • Half Bathroom: 0
  • Bedroom Features: Ground Floor Master
  • Common Walls: Detached/No Common Walls
  • One Quarter Bathrooms: 0
  • Bathroom Features: Steam Shower, Tile
  • Three Quarter Bathrooms: 0
  • Kitchen Features: Open to Family Room
  • Laundry: Outside
  • Total Bathrooms: 2.00
  • Equipment: Ceiling Fan, Propane Dryer Hookup
  • Fireplace: Yes
  • Price Per S Q F T: 833.33

Exterior Features

  • Direction Faces: North
  • Other Structures: Accessory Bldgs
  • Tennis Court Y/N: No
  • Fence: Chain Link
  • Guest House: Detached
  • Patio: Covered Porch, Living Room Deck Attached
  • Pool: No
  • Spa Yn: No
  • View: Canyon
  • View: Yes

Garage/Parking

  • Other Spaces: 6
  • Parking Garage: Driveway
  • Total Parking: 6

Utilities

  • Water Heater: Propane
  • Heating: Fireplace
  • Sewer: Septic Tank
  • Water: District

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Special Zoning: Coastal Commission
  • Horses: No
  • Assessor Parcel Number: 4447-031-001
  • Lot Description: 2-4 Lots, Automatic Gate, Fenced, Street Asphalt, Storm Drains
  • Lot Location: Canyon
  • Lot Size Area: 36824

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 28, 2008
Sold by
Stephen Felix B
Bought by
Stephen Felix B and Silk Bunny Revocable Living Tr
Current Estimated Value
$1,311,648

Purchase Details

Closed on
May 3, 1995
Sold by
Rosin Jacqueline A
Bought by
Rosin Jacqueline A
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Stephen Felix B -- None Available
Rosin Jacqueline A -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/22/2022 07/22/22 Sold $1,350,000 -10.0% $750 / Sq Ft
06/10/2022 06/10/22 Pending -- -- --
05/16/2022 05/16/22 For Sale $1,500,000 -- $833 / Sq Ft
Source: The MLS

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 $10,079 $832,320 $520,200 $312,120
2024 $10,079 $816,000 $510,000 $306,000
2023 $9,853 $800,000 $500,000 $300,000
2022 $3,785 $303,359 $293,659 $9,700
2021 $3,752 $297,411 $287,901 $9,510
2019 $3,628 $288,591 $279,362 $9,229
2018 $3,562 $282,934 $273,885 $9,049
2016 $3,418 $271,949 $263,250 $8,699
2015 $3,365 $267,865 $259,296 $8,569
2014 $3,380 $262,619 $254,217 $8,402
Source: Public Records

Agents Affiliated with this Home

  • Chantal von Wetter

    Seller's Agent in 2022

    Chantal von Wetter

    Topanga Properties

    (310) 745-8991

    19 in this area

    28 Total Sales

    Chantal von Wetter
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Map

Source: The MLS

MLS Number: 22-157747

The MLS

APN: 4447-031-002

California Los Angeles County Topanga 90290

20037 Observation Dr, Topanga, CA

Not Listed for Sale

Detached

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