4240 Lost Hills Road 503, Calabasas, California 91301, Agoura Hills, 91301 - 2 bed, 2 bath
4240 Lost Hills Road 503
Calabasas, California 91301
Property Price
SUMMARY
Analysis of 4240 Lost Hills Road 503, Calabasas, California 91301 is currently available with a list price of $699,999. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Calabasas Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
The property, built in 1989, has undergone significant updates as described, including new engineered wood floors and stylish bathrooms. The kitchen features modern stainless steel appliances, though the cabinet style, granite countertops, and backsplash appear to be from a renovation approximately 10-15 years ago rather than brand new. One bathroom is very modern, while the other is clean and updated but with a slightly less contemporary tile choice. Overall, the home is move-in ready with no immediate renovations required, aligning well with the 'Good' condition criteria for properties extensively renovated within the last 5-15 years.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Location & Views
Nestled in a desirable gated community in Calabasas, the property offers stunning, breathtaking views of Malibu Creek and the Santa Monica Mountains.
- Modern & Move-in Ready
Recently renovated with new engineered wood floors, stylish bathrooms, and a modern kitchen featuring stainless steel appliances, making it move-in ready.
- Flexible Living Space
The open floor plan includes soaring atrium windows, a private patio, and a versatile upstairs loft that can be enclosed to create a third bedroom or office.
CONSRISKS & DEFICIENCIES
- High Association Fees
The monthly association fee of $534.0 represents a significant recurring cost that buyers must factor into their budget.
- Recent Price Reductions
Multiple price drops from the original listing price may suggest market resistance or initial overpricing, potentially raising buyer concerns about value.
- Condominium/Townhome Limitations
As a townhome/condominium, it involves shared walls and common area restrictions, which may not appeal to buyers seeking the autonomy of a detached single-family home.
About 4240 Lost Hills Road 503
Perfect location and stunning views! This beautifully updated 2-bedroom, 2-bath corner end townhome is nestled in the desirable gated community of Steeplechase in Calabasas. Enjoy breathtaking views of Malibu Creek and the Santa Monica mountains from this light-filled second-story unit. The open floor plan features soaring atrium windows, a private patio, and a modern kitchen with stainless steel appliances. Recently renovated with new engineered wood floors and stylish bathrooms, this home is move-in ready. The upstairs loft can be enclosed to create a third bedroom or office. With resort-style amenities including two pools, a spa, sauna, gym, and clubhouse, this home combines luxury and convenience in one of Calabasas's most sought-after locations. Don't miss out on this incredible opportunity!
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1989
- Lot Size
- 588,037 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $534.0 / Month
Neighborhood Insights
Calabasas Unified Schools
Lupin Hill Elementary School
Grades K-5 • 1.8 mi
Arthur E. Wright Middle School
Grades 6-8 • 0.3 mi
Calabasas High School
Grades 9-12 • 4.7 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,180 | 1,038 | 65% |
| Lot Size | 588,037 | 294,097 | 71% |
| Price | $700.0K | $599.0K | 88% |
| Price per sq ft | $593 | $563 | 65% |
| Built year | 1989 | 1984 | 88% |
| HOA | $534.0 | $510 | 65% |
| Days on market | 303 | 179 | 88% |
Pricing History
Listed for Sale
Feb 8, 2026
$699,999
$724,999
-3% Price Drop
Initial Listing
Price Change
Dec 3, 2025
$724,999
$739,999
-2% Price Drop
Initial Listing
Price Change
Aug 26, 2025
$739,999
Initial Listing
Price Change
May 7, 2025
$759,999
Initial Listing