2232 East Lakeshore Drive

Agoura Hills, CA 91301

$1,800,000

3 beds
3 baths
2,915 sq ft
0.19 acres
Built 1978

Listed by Rodeo Realty · MLS #SR26171178

2232 East Lakeshore Drive, Agoura Hills, CA 91301 — photo 1

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2232 East Lakeshore Drive, Agoura Hills, CA 91301 · MLS #SR26171178

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A FEW THINGS TO NOTICE

What stands out.

Year built

Built in 1978.

Garage parking

2 garage spaces listed.

Property size

0.19 acres listed.

Highlights from the listing description and property details. Confirm features with the listing agent.

THE PROPERTY

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WATERFRONT VALUE-ADD OPPORTUNITY — BUILDERS, CONTRACTORS & INVESTORS

Rare opportunity to acquire a substantial 2,915 sq. ft. waterfront property in the highly desirable and historic Malibou Lake Mountain Club, nestled within the Santa Monica Mountains just minutes from Malibu and greater Los Angeles.

Bring your contractor, your vision, and your creativity. This property is being offered as a major renovation opportunity and represents an exceptional canvas for a builder, contractor, investor, or sophisticated buyer looking to transform an original-condition lakefront home into something truly special.

The existing two-story residence offers 3 bedrooms with the potential for a 4th bedroom/den, 3 bathrooms, vaulted ceilings, expansive living areas and multiple decks overlooking Malibou Lake, the iconic main island and surrounding mountains.

One of the property's most compelling opportunities is the enormous approximately 20' x 40' lower-level bonus room—roughly 800 square feet of flexible space with tremendous potential for reconfiguration into additional living space, bedrooms, media/game room, gym, office or an impressive entertainment area, subject to applicable approvals.

The combination of nearly 3,000 square feet, waterfront location, expansive lake and mountain views, substantial existing structure and significant renovation potential creates an opportunity rarely available in this unique community.

This is not simply a cosmetic fixer. It is an opportunity to completely reimagine a sizable waterfront residence and create a high-impact transformation with significant value-add potential.

Ideal for builders, contractors, developers and investors seeking their next Southern California renovation project.

Conceptual renovation ideas, additional property information and project details available upon request.

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THE NEIGHBORHOOD

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2232 East Lakeshore Drive, Agoura Hills, CA 91301

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THE DETAILS

The details, all in one place.

Property type: Residential
Category: Residential
Year built: 1978
Full baths: 3
Garage spaces: 2
Cooling: CentralAir
Heating: Central,Fireplaces
Accessibility: None
Pool: No
Pool features: Community,Fenced,Heated,InGround,Association
Spa: No
Subdivision: Malibu Lake Mountain Club (894)
Parcel: 8940801025
HOA: MLMC
HOA amenities: Clubhouse,ControlledAccess,Dock,FirePit,MaintenanceGrounds,HorseTrails,MeetingRoom,MeetingBanquetPartyRoom,OutdoorCookingArea,Barbecue,PicnicArea,Playground,Pickleball,Pool,PetsAllowed,RecreationRoom,TennisCourts,Trails,Trash
HOA fee frequency: Monthly
HOA fee: $488.00

Features and school information are supplied by the listing source. Confirm measurements, school assignments, HOA terms and rental restrictions before making a decision.

OWNERSHIP, WITH A PLAN

Investor outlook.

Explore this property’s rental potential with an all-cash purchase. Monthly rent starts at 5% of the purchase price per year, divided by 12. Adjust it and the other assumptions to explore your scenario.

These are planning assumptions, not a rental appraisal or a loan quote. The starting rent is a price-based estimate; a local leasing professional can help confirm market rent.

Investor outlook assumes an all-cash purchase. No mortgage payment is deducted.

Estimated monthly cash flow · cash purchase—

Estimated monthly rent$7,500.00

Cap rate—

Annual operating income: —

HOA: Includes $488.00 per month in HOA dues, converted from the $488.00 monthly fee reported by the listing source.

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Purchase price

Rental income & operating costs

Estimated monthly rent

Purchase price × 5% ÷ 12. Updates with purchase price until you enter a custom rent.

Vacancy allowance (%) Management fee (%) Maintenance reserve (%) Capital reserve (%)

Annual property tax

Annual insurance

Annual insurance starts at purchase price × 0.25%, rounded to the nearest available amount. Updates with purchase price until you choose another amount.A planning estimate, not an insurance quote. Adjust it for your property and coverage.

Monthly HOA

Other monthly costs

Percentages are editable examples, not ERA fee quotes. Management is applied to rent after vacancy; maintenance and capital reserves use scheduled rent. Add owner-paid utilities, mortgage insurance and other recurring expenses under other costs.

How this scenario is calculated

Annual operating income is rent after vacancy, management, maintenance, taxes, insurance, HOA and other operating costs, before financing and capital reserves. Cap rate divides annual operating income by purchase price. Estimated monthly cash flow assumes an all-cash purchase: rent after vacancy, management, maintenance, taxes, insurance, HOA, other operating costs and capital reserves. No mortgage payment is deducted. The mortgage calculator is separate; loan payments would reduce cash flow for a financed purchase. One-time acquisition costs, renovations, income taxes, depreciation and appreciation are excluded.

Mortgage payment calculator

Explore financing separately. These loan settings do not change the all-cash investor outlook.

Mortgage assumptions

Down payment (%) Interest rate (%) Loan term

20% down and 7% interest are illustrative starting values.

Estimated monthly principal & interest—Loan payment only. Excludes property taxes, homeowners/flood insurance, mortgage insurance and HOA dues.

About this payment estimate

Based on a fixed-rate, fully amortizing loan with monthly payments and the price, down payment, interest rate and term you select. The interest rate is an example, not a current rate offer or APR; APR includes certain loan costs. This is an illustration, not a Loan Estimate, approval, offer of credit or commitment to lend.

Your actual payment, rate and eligibility depend on your lender, credit, loan program and property. Closing costs, points, prepaid expenses and lender fees are not included. Taxes and insurance may change, and mortgage insurance may be required, particularly with a down payment below 20%. Ask your lender for a Loan Estimate and a complete monthly payment including applicable taxes, insurance and fees.

Dollar results are rounded to the nearest cent; calculations retain precision until display. A cash purchase has no loan payment but still has ownership costs. Understand your total home payment (CFPB).

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Listing information

MLS #SR26171178 · California Regional MLS

Listing brokerage: Rodeo Realty
Listing agent: Frank Trejo

Listing status: Active. Record updated September 10, 2026. Confirm current availability and price with the listing agent.

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. "CRMLS" and is protected by all applicable Copyright © 2023 laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional. Information deemed reliable but not guaranteed. Copyright © 2023 California Regional Multiple Listing Service, Inc. All rights reserved.