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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.
Listing agent: Chantal von Wetter DRE #01400450 cvonwetter@gmail.com, Listing office: Topanga Properties
MLS data updated 10/30/2026, 2:23:40 PM PT
Source: CRMLS, MLS #: 22157747
Belmont insights
Compare recorded home prices, same-type ZIP sales and mortgage rates.
Jul 22, 2022
Prices use the left axis; mortgage rates use the right. Hover, tap, or focus the chart and use the arrow keys. Red SOLD badges mark recorded sales.
This home · nearest recorded event
$1,350,000Closed sale · Jul 22, 2022ZIP 90290 · Jul 2022
No monthly averageAt least 3 eligible sales in this month are required.30-year fixed mortgage benchmark
No weekly rateNo published rate within 7 days of this date.ZIP averages use publicly displayable closed sales from our licensed MLS feed, matched to the same ZIP and exact property type. Months with fewer than 3 sales are omitted; the current month is incomplete. Lines connect available monthly observations across gaps and do not represent measured prices in missing months. These averages are not adjusted for size, condition, or location within the ZIP, and are not an appraisal. Feed coverage may not include every sale. All available shows the available home and ZIP history, with mortgage rates over the same dates.
Mortgage benchmark: Freddie Mac Primary Mortgage Market Survey®. © Freddie Mac. Weekly national 30-year fixed rates, not APRs or a loan quote. Actual terms vary. Methodology changed in November 2022. The chart does not establish that interest-rate changes caused a home’s price changes.
Lines connect recorded asking and sale prices. They are visual guides, not estimates of the home’s value between those dates.
No earlier records were returned by our current sources. This does not mean the home has never sold.
MLS records may be incomplete. Earlier asking prices are not sale prices.