2171 Mckain Street, Calabasas, California 91302, Calabasas, 91302 - 2 bed, 2 bath

2171 Mckain Street, Calabasas, California 91302 home-pic-0
ACTIVE$2,650,000
2171 Mckain Street, Calabasas, California 91302
2Beds
2Baths
2,240Sqft
97,295Lot
Year Built
1977
Close
-
List price
$2.65M
Original List price
$3.65M
Price/Sqft
$1,183
HOA
-
Days on market
-
Sold On
-
MLS number
SR25265481
Home ConditionFair
Features
Good View: Trees/Woods
ViewTrees/Woods

About this home

We found 3 Cons,6 Pros. Rank: price - $2.65M(63th), sqft - 2240(19th), beds - 2(3th), baths - 2(11th).

Nestled in the heart of Calabasas and just minutes from the Malibu coastline, this rare offering sits along the coveted Mulholland Corridor, an area locals lovingly refer to as Calibu. Set on 2.23 useable acres, this property is an exceptional opportunity to create your dream retreat in one of the most desirable rural luxury pockets of Los Angeles. The existing single-story residence offers 2 bedrooms, a den, 2 bathrooms, and 2,240 sq. ft. of living space, originally built in 1977. The den provides valuable flexibility, perfect as a home office, creative space, nursery, or easily convertible third bedroom. An abundance of flat, open land surrounds the home, offering endless possibilities to expand the residence, build a guest house, design a full equestrian setup, add a barn or riding arena, or create the ultimate hobby ranch. The sweeping grounds, mature landscape, and incredible privacy make this an ideal canvas for anyone seeking space, serenity, and creative freedom. Beyond the property, the lifestyle is unmatched with close proximity to The Commons at Calabasas for dining, boutiques, entertainment, and weekend gatherings, as well as Erewhon Calabasas, a beloved destination for wellness and curated groceries. The home is also located within the award-winning Las Virgenes Unified School District, known for its exceptional academics and top-tier campuses. With wide open skies, mountain vistas, and the quiet rural character of this enclave, the setting feels worlds away while remaining moments from Malibu beaches, scenic trails, and the very best of Calabasas. Properties with this much land, potential, and proximity to both Malibu and Calabasas rarely come to market, making 2171 McKain Rd the ideal foundation for your vision, whether you are creating a private compound, equestrian paradise, or modern ranch estate.

Price History

Date
Event
Price
11/26/25
Price Change
$2,650,000-27.4%
11/24/25
Listing
$3,650,000
04/28/05
Sold
$1,430,000
Condition Rating
Fair

Built in 1977, this property retains much of its original or early renovated character, particularly evident in the kitchen with its dark wood cabinetry, tiled countertops, and dated appliances. The interior features extensive wood paneling and exposed beams, consistent with its era. While the home appears well-maintained and clean, it has not undergone significant modernization in decades, requiring substantial updates to meet current aesthetic and functional standards. The absence of visible modern bathroom renovations further supports this assessment. It is functional but clearly outdated, aligning with the 'fair' condition criteria.
Pros & Cons

Pros

High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 97295, living area = 2240.
Exceptional Land & Development Potential: Set on 2.23 usable, flat acres, this property offers vast possibilities for expansion, building a guest house, designing equestrian facilities, or creating a private compound.
Prime "Calibu" Location: Nestled in the coveted Mulholland Corridor, minutes from the Malibu coastline, it provides a unique blend of rural tranquility and proximity to luxury amenities like The Commons and Erewhon Calabasas.
Unmatched Privacy & Serenity: The sweeping grounds, mature landscape, wide open skies, and mountain vistas ensure incredible privacy and a quiet, serene rural character.
Top-Tier School District: Located within the award-winning Las Virgenes Unified School District, a significant draw for families seeking excellent educational opportunities.
Rare Market Offering: Properties with this much land, development potential, and proximity to both Malibu and Calabasas rarely come to market, making it a unique investment opportunity.

Cons

Dated Existing Structure: Built in 1977, the current 2-bedroom, 2-bathroom, 2,240 sq. ft. residence is likely dated and undersized for the expansive lot, suggesting significant investment for modernization or a complete rebuild.
Significant Investment Required: The property is presented as a 'canvas' to 'create your dream retreat,' implying substantial additional capital will be needed beyond the purchase price for development, expansion, or renovation to realize its full potential.
Substantial Price Reduction: A significant price drop from $3.65 million to $2.65 million indicates potential market resistance or an initial overvaluation, which could raise questions about its perceived value or condition.

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