This article was reproduced with the kind permission
of the British Broadcasting Corporation
26 November 2007, 12:59 GMT
His house was one of 53 destroyed by the blaze which swept through the beachside community on Saturday.
Flea, real name Michael Balzary, told the Los Angeles Times the $4.8m (£2.3m) property was "burnt to a crisp".
However he has another home in the area which was purchased last year for $10m (£4.8m), the paper reported.
The house which burnt down had been on sale.
An estate agent listing described the property as a "private 2.4 acre compound" with four bedrooms, ocean views, a pool and spa, as well as "alcoves and pathways throughout the grounds".
Los Angeles fire chiefs believe the fire will be fully contained by Tuesday.
More than seven square miles (18 square kilometres) were scorched. Investigators believe the fire was started by people, calling its origins suspicious in nature.
Malibu, with homes tucked into deep and narrow canyons along 27 miles of coast at the southern foot of the Santa Monica Mountains, is prone to wildfires driven by the Santa-Ana winds.
A separate fire last month destroyed more than 1,500 homes and killed at least a dozen people.