$1,350,000
SOLD MAR 2, 2022
3.41 Acres
$396,383 Price per Acre
148,357 Sq Ft Lot

Recently Sold

$221 Per Sq Ft

23% Below List Price

185 Days on Market

Highlights

  • Lake View
  • 3.41 Acre Lot
  • Community Lake
  • Sumac Elementary School Rated A

About This Lot

As of February 2025

Wow! This type of opportunities come only once in a life time, once its gone its gone, Build your own dream home on this wonderful improved lot, Lot with an Infinity pool!!! owner spent hundreds of thousands of dollars just on sewers retaining walls septic systems paving concrete all of this items are are a huge value to someone that wants to build a dream home and doesn’t want to spend and deal with all the hardscape and expense that comes along with building a home from the ground up. Here are just a few of the things that owner states that he invested on this wonderful lot Buyer to investigate and verify.
28888 Lake Vista Land Improvements
1. Septic tank engineering and permits
2. Septic tank (Enviro-septic system for 7,000 square foot house)
3. 6’’ x 300’ plumbing line from tanks to septic tank pits
a. Two pits 6’ in diameter x 25’ to 30’
4. Grading compaction and soil transport
5. Asphalt paved driveway 20’ wide (approved by the fire department), retaining walls, and
private automatic gate
6. Hammer turn around, retaining walls, and grading for fire department
7. 2,700 square feet in concrete and masonry patios, walkways, and stairs
8. Fire hydrant, required fire mitigation sprinklers, and water storage (pump from the
swimming pool to the driveway for 150’ line)
9. Masonry planters, sprinkler system, and two acres of landscaping
10. Retaining walls around the property (a total of 435 linear feet)
11. Infinity pool, jacuzzi spa, and waterfall -
12. Additional information:
a. 28888 Lake Vista Drive does not pay homeowner’s association fees (common area maintenance, utilities, and landscaping are paid for by other homeowners in the area)
b. 28888 Lake Vista Drive does not pay homeowner’s association fees to the Malibu Lake association
c. Utilities on site:
i. Power - ready to connect from transformer to the house
ii. Water - ready to connect from the street meter, along the driveway, to the house
iii. Sewer - computerized enviro- septic tank system for up to 6 bedroom and 7,000 square foot home
iv. Cable
v. Propane tanks
d. Property does not require coastal development permits
e. Property is free of contamination from 2018 Woolsey Fire according to Calabasas
Building & Safety
f. New foundation can be laid on top of the existing foundation slab

Last Agent to Sell the Property

Sonia Restrepo

Pinnacle Estate Properties, Inc. License #01841378 Listed on: 04/26/2021

Pinnacle Estate Properties, Inc.

Last Buyer's Agent

Sonia Restrepo

Pinnacle Estate Properties, Inc. License #01841378 Listed on: 04/26/2021

Pinnacle Estate Properties, Inc.

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $16,418

Lot Details

  • 3.41 Acre Lot
  • Density is 2-5 Units/Acre
  • Property is zoned LCA11*

Property Views

  • Lake
  • Mountain

Community Details

  • Property has a Home Owners Association
  • Community Lake
  • Foothills
  • Mountainous Community

Listing and Financial Details

  • Tax Lot 3
  • Assessor Parcel Number 4462003041

Property Details

Property Type

Land

Est. Annual Taxes

$16,418

Lot Details

0

Listing Details

  • View: Yes
  • Zoning: LCA11*
  • Property Type: Land
  • Parcel Number: 4462003041
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Price Per Square Foot: 9.10

Exterior Features

  • View: Lake, Mountain(s)

Utilities

  • Water Source: Public

Condo/Co-op/Association

  • Association: Yes
  • Senior Community: No
  • Community Features: Foothills, Lake, Mountainous

Lot Info

  • Additional Parcels: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 148355.00
  • Lot Size Acres: 3.4058

Multi Family

  • Lot Size Area: 148355.0000 Square Feet

Tax Info

  • Tax Census Tract: 8003.30
  • Tax Lot: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 3, 2025
Closed on
Jan 31, 2025
Sold by
28888 Lake Vista Llc
Bought by
Conversano Non-Exempt Marital Trust and Conversano
Seller's Agent
Sandro Dazzan
The Agency
Buyer's Agent
Brett Decsy
Pinnacle Estate Properties, Inc.
List Price
$5,999,000
Sold Price
$6,050,000
Premium/Discount to List
$51,000
0.85%
Views
340
Current Estimated Value
$6,058,668

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$8,668
Avg. Annual Appreciation
0.32%

Purchase Details

Closed on
Nov 4, 2021
Sold by
Bonavia Survivors Trust
Bought by
28888 Lake Vista Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,000,000
Interest Rate
3.69%
Mortgage Type
Construction

Purchase Details

Closed on
Oct 13, 2020
Sold by
Bonavia Anibal
Bought by
Bonavia Anibal H and Bonavia Survivors Trust

Purchase Details

Closed on
Dec 28, 2006
Sold by
The Aquarius Family Lp
Bought by
Bonavia Anibal

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$800,000
Interest Rate
7.42%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Aug 4, 1998
Sold by
Bonavia Anibal H and Bonavia Elvira F
Bought by
The Aquarius Family Ltd Partnership

Purchase Details

Closed on
Mar 22, 1995
Sold by
Malibu Mountain Estates Inc
Bought by
Bonavia Anibal and Bonavia Elvira

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$135,000
Interest Rate
7.74%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed $6,050,000 Old Republic Title Company
Grant Deed $1,350,000 Fidelity National Title
Interfamily Deed Transfer -- None Available
Grant Deed -- Fidelity National Title Co
Grant Deed -- --
Interfamily Deed Transfer -- --
Corporate Deed $205,000 Chicago Title Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $3,200,000 New Conventional
Previous Owner $3,000,000 Construction
Previous Owner $1,500,000 Negative Amortization
Previous Owner $250,000 Credit Line Revolving
Previous Owner $800,000 Negative Amortization
Previous Owner $50,000 Unknown
Previous Owner $100,000 Unknown
Previous Owner $135,000 Seller Take Back
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/07/2025 02/07/25 Sold $6,050,000 +0.9% $927 / Sq Ft
02/06/2025 02/06/25 Pending -- -- --
01/03/2025 01/03/25 For Sale $5,999,000 +344.4% $920 / Sq Ft
03/02/2022 03/02/22 Sold $1,350,000 -22.9% $221 / Sq Ft
10/29/2021 10/29/21 Pending -- -- --
04/26/2021 04/26/21 For Sale $1,750,000 -- $287 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $16,418 $1,404,540 $1,326,510 $78,030
2023 $16,075 $1,377,000 $1,300,500 $76,500
2022 $4,589 $356,533 $356,426 $107
2021 $4,584 $349,543 $349,438 $105
2020 $4,497 $345,959 $345,855 $104
2019 $4,388 $339,176 $339,074 $102
2018 $16,084 $1,363,544 $332,426 $1,031,118
2016 $15,221 $1,310,597 $319,518 $991,079
2015 $14,963 $1,290,912 $314,719 $976,193
2014 $14,800 $1,265,626 $308,555 $957,071
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR21086839

California Regional Multiple Listing Service (CRMLS)

APN: 4462-003-041