20158 Observation Drive
Topanga, CA, 90290
$1,475,000
MLS: 26655809
Beds
3
Baths
3
Sq Ft
2,000
Lot
0.48 ac
Year Built
1927
MLS #
26655809
Days on Market
50
Listed
Feb 24, 2026
Description
Get ready to seize the moment! This captivating property features a charming 2-bedroom, 2-bath main home alongside a delightful 1-bedroom, 1-bath guest house, all nestled on a sun-drenched half-acre in the vibrant heart of Topanga. It's your ticket to a life of breathtaking canyon views and soulful vibes. This isn't just a home it's an exhilarating invitation to embrace living expansively and authentically! Step inside the main sanctuary and be wowed by the open-concept kitchen, living, and dining area, where skylights and oversized windows flood the space with natural light, connecting you to the beauty outside. Perfect for entertaining or cozy nights in, bohemian finishes and earthy textures bring warmth, artistry, and energy to every corner. This home pulses with life, character, and harmony. Retreat to the serene primary suite, complete with its own private deck and custom closet, offering direct access to a secluded hot tub ideal for stargazing or morning reflections. The second bedroom can easily transform into a home office, while the detached guest house adds even more versatility, perfect for hosting visitors, creating a studio, or generating rental income! Step outside to discover tucked-away sheds, gardening spaces, and endless sky stretching out before you. Whether you dream of an art studio, a flourishing herb garden, or a tranquil escape to soak in the canyon light, this land is ready to embrace your vision. All this is just minutes from Topanga's village center, scenic hiking trails, Malibu's stunning beaches, the vibrant energy of Santa Monica, and the convenience of the San Fernando Valley. This is your chance to live, love, and evolve into the next chapter of your life don't miss out
Location
Topanga, Los Angeles County, CA 90290
Open on Google Maps ↗Listed by: Catherine Campbell · Sotheby's International Realty
Payment estimate
$10,546
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $147,500 · Loan: $1,327,500
- Principal & Interest
- $8,156
- Property tax (1.25%)
- $1,536
- Homeowners insurance
- $300
- Mortgage insurance
- $553
Login required. The full tool supports FHA / VA / USDA, PMI by credit tier, lender fees, and total cash to close — with your inputs here carried over.
Today's Rates
As of Apr 23, 2026
- 30-year fixed
- 6.23%
- 15-year fixed
- 5.58%
Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.
Financing Options
FHA Financing — 3.5% Down＋
First-time and repeat buyers can purchase this Topanga home with as little as 3.5% down using an FHA loan — roughly $51,625 down. FHA loans feature flexible credit guidelines and government-backed rates, making homeownership accessible for buyers who haven't saved a large down payment. Seller concessions up to 6% of the purchase price are also allowed.
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