4240 Lost Hills Road 3302, Calabasas, California 91301, Calabasas, 91301 - 2 bed, 3 bath
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Calabasas, California 91301
This Spacious Calabasas Condominium is a Strong Value Opportunity, listed at $680,000—positioned well below the $735,883 Fair Market Value by 7%. This valuation gap offers $55,883 in Instant Equity for the buyer. Boasting a Good Condition Rating, the home features the community's largest 1,385 sq ft floor plan, a direct-access 2-car garage, and a private patio. Located in the prestigious Las Virgenes School District near Calabasas High, this is an ideal find for Owner-Occupants or first-time buyers seeking lifestyle and growth.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4240 Lost Hills Road 3302 Subject | $672,000 | 2 | 3 | 1,385 | $548 | - |
A 4240 Lost Hills Road 3301 Sold | $670,000 | 2 | 2 | 1,054 | $636 | 0.0 mi |
B 4240 Lost Hills Road 3004 Sold | $665,000 | 2 | 2 | 1,054 | $631 | 0.0 mi |
C 4240 Lost Hills Road 503 Sold | $699,999 | 2 | 2 | 1,180 | $593 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property was built in 1988 (36 years old) and appears to retain its original kitchen and bathroom configurations. While the listing includes 'digitally altered' images showing modern renovations, the actual photos reveal dated white cabinetry, tile countertops, and older appliances. The bathrooms feature dated fixtures and carpeted flooring. Although well-maintained and functional, the home is over 30 years old and requires cosmetic updates to meet modern standards.
Situated in a prestigious gated Calabasas community within the award-winning Las Virgenes School District, offering high investment stability and desirability for families.
As the largest model in the community at 1,385 sq ft, this unit features a rare direct-access 2-car garage and two spacious en-suite bedrooms, providing a townhome-like feel.
Residents benefit from resort-style living with two pools, a gym, and clubhouse, while the HOA fee conveniently includes high-value items like earthquake insurance.
Built in 1988, the property may require upcoming capital improvements or updates to major systems to maintain modern standards and efficiency.
The $534 monthly HOA fee adds a significant fixed cost to the monthly mortgage obligation, which may impact the debt-to-income ratio for some buyers.
Located in the highly sought-after gated community of Steeplechase in Calabasas, this bright and spacious 2-bedroom, 2 and half bathroom condo offers 1,385 sq ft--the largest floor plan in the community. Ideally situated in a quiet, tucked-away location with ample guest parking nearby.This move-in ready home features an open-concept layout filled with natural light, a cozy fireplace, and a private patio shaded by mature trees. The kitchen flows seamlessly into the dining and living areas, perfect for everyday living and entertaining.Upstairs, the primary suite offers peaceful tree-lined views, dual sinks, a soaking tub, and two closets. A second large en-suite bedroom and additional storage complete the upper level. Additional highlights include a direct-access 2-car garage and indoor laundry.HOA dues include earthquake insurance, trash, and more. Enjoy resort-style amenities including two pools, spa, gym, clubhouse, playground, and scenic walking trails. Located within the award-winning Las Virgenes School District and just minutes from Erewhon Market, shopping, dining, and hiking trails.
No exterior & parking available.
Grades K-5 • 1.8 mi
Grades 6-8 • 0.3 mi
Grades 9-12 • 4.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 3.0 | 2.0 | 79% |
| Square foot | 1,385 | 1,046 | 86% |
| Lot Size | - | 320,927 | 29% |
| Price | $672.0K | $571.0K | 79% |
| Price per sq ft | $485 | $503 | 50% |
| Built year | 1988 | 1987 | 50% |
| HOA | $534.0 | $534 | 50% |
| Days on market | 51 | 130 | 14% |
Apr 24, 2026
$680,000
Initial Listing
Feb 2, 2006
$522,000
Public Record
Apr 9, 2003
$300,000
Public Record
Sep 4, 2001
$215,000
Public Record