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Sold for $375,000 · Jul 2026
SOLDListed at $599,999
Calabasas, CA
MLS# SR25242097
Daniel Drantch
Listing Agent
Rodeo Realty
DRE #: 00900188
Brokerage: Rodeo Realty
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9.78 acres
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Tucked away off the street in the luxury enclave of Calabasas, this 9.78-acre vacant land offering sits between Topanga Canyon Road and Las Virgenes Road in a scenic stretch of natural open space. Rolling hills, canyon views, and a backdrop of multimillion-dollar estate homes and ranches create a rare opportunity for investors, developers, or an owner-user to build a private luxury estate in a highly desirable location. Access to the property is provided by a legal easement that runs through two neighboring parcels, originally established by a former owner of all three lots. The current owner has already created a dirt road, installed drainage, and graded a flat pad leading to the parcel in preparation for a new two-story single-family home with a basement and pool (buyers to verify any and all future development with the City of Los Angeles Building & Safety). The seller also holds extensive documentation for the site, including a survey, soils report, and prior building and grading plans and permits. These materials would need to be updated to today’s building codes—or replaced entirely at the buyer’s discretion—and resubmitted to the City of Los Angeles for approval, offering a valuable head start on future development. Set just outside the city yet offering the feeling of being worlds away, this serene development site provides privacy, natural beauty, and tremendous potential. The area features several newer estates, including a brand-new home currently under construction across the street. The two adjacent parcel owners consider selling as well. MASSIVE PRICE REDUCTION! MUST SELL! JUST REDUCED AGAIN $300K!
Listing description from the July 2026 sale, as reported to CRMLS.
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1 recorded sale
25858 Mulholland sold for $375,000 in July 2026, 37% under its $599,999 list price, after 202 days on the market. It was first listed at $1,500,000. Across 161 closed sales in 91302 over the last 12 months, the median sold price is $1,830,000 and the median is $663 per square foot.
| Quarter | Closed sales in 91302 | Median sold price |
|---|---|---|
| Q1 2026 | 13 | $950,232 |
| Q2 2026 | 71 | $1,988,000 |
| Q3 2026 | 66 | $1,825,500 |
| Q4 2026 | 11 | $1,550,000 |
Figures are MLS-reported closed sales (CRMLS); ZIP medians cover the last 12 months. Nalren does not estimate values. Recently sold in Calabasas · Homes for sale in 91302
Closed sales reported in 91302, nearest first, last 12 months. All recent sales in Calabasas →
25858 Mulholland
Contact Daniel Drantch
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Contact Listing Agent
Rodeo Realty
DRE #00900188
Contact information is not available for this listing.