1209 Granvia Altamira, Palos Verdes Estates, California 90274, Palos Verdes Estates, 90274 - 4 bed, 4 bath
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Palos Verdes Estates, California 90274
This Mid-Century Value-Add Estate is listed at $3,000,000, positioned near its $2,935,072 Fair Market Value. Holding a Condition Rating of 4, the 1958 Hawaiian-inspired architecture requires modernization to reach its full ROI potential. The primary value lies in the massive 18,977 sq ft lot and the opportunity to capture Queen's Necklace views through a second-story expansion. Located in a premier district with 10/10 rated schools like Montemalaga Elementary, this asset offers significant forced appreciation. It is a strategic acquisition for Value-Add Investors or Contractors seeking a high-end redevelopment project.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1209 Granvia Altamira Subject | $2,799,000* List Price | 4 | 4 | 3,441 | $812 | - |
A 1333 Via Gabriel Sold | $2,283,950 | 4 | 4 | 3,242 | $704 | 0.1 mi |
B 1309 Via Cataluna Sold | $2,400,000 | 5 | 3 | 3,062 | $784 | 0.3 mi |
C 2229 Via Cerritos Sold | $2,600,000 | 3 | 4 | 4,480 | $580 | 0.4 mi |
D 989 Via Rincon Sold | $3,000,000 | 4 | 4 | 4,668 | $643 | 0.3 mi |
E 2437 Via Sonoma Active | $2,625,000 List Price | 4 | 3 | 2,645 | $992 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1958, this property is a well-maintained mid-century home that remains largely in its original state. While the home is clean and move-in ready, the kitchen and bathrooms are significantly outdated, featuring 1960s-style wood cabinetry, tile countertops, and patterned linoleum flooring. The presence of wood paneling, older wall-to-wall carpeting, and acoustic ceilings indicates that while the home has been kept up through regular maintenance, it has not undergone a major renovation in several decades and requires modernization to meet current market standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 18977, living area = 3441.
Elementary School: Montemalaga Elementary School (10/10). Middle School: Palos Verdes Intermediate School (9/10). High School: Palos Verdes Peninsula High School (10/10).
Situated in the highly coveted Palos Verdes Estates, this property offers access to the top-tier Palos Verdes Peninsula Unified School District, featuring several schools with perfect 10/10 ratings.
Built in 1958, the home is in largely original condition and requires a significant capital investment to modernize the interiors or a complete 'start over' to meet contemporary luxury standards.
While the lot has great potential, the premier 'Queen's Necklace' view is not currently fully realized and would require the cost and complexity of adding an additional story to the structure.
This custom built mid-century Hawaiian inspired architecture is located in the highly desirable Palos Verdes Estates/Palos Verdes Peninsula Unified School District. The large (18,977 sq ft) beautifully landscaped lot might have a Queen's Necklace View if another story were to be added. The property surrounds a 4 bedroom, 4 bath home with all bedrooms and most living areas at street level, opening to a beautiful outdoor "lanai" and front yard. The property has beautiful distant ocean, coastline, mountain and downtown L.A. views. Downstairs is a recreation room complete with pool table (included) and bar, opening to an expansive must-see backyard. Other pluses are an over-sized garage with workbench and lots of storage throughout. SEE FLOOR PLAN IN PHOTOS. SEE 360 DEGREE VIRTUAL TOUR . Update this home and make it your dream or start over and build something spectacular!
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades K-5 • 0.7 mi
Grades K-5 • 1.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 4.0 | 4.0 | 50% |
| Square foot | 3,441 | 3,104 | 65% |
| Lot Size | 18,977 | 16,738.5 | 62% |
| Price | $2.80M | $2.82M | 50% |
| Price per sq ft | $813 | $988 | 28% |
| Built year | 1958 | 1965 | 37% |
| HOA | $0 | $0 | 50% |
| Days on market | 74 | 140 | 17% |
Apr 25, 2026
$2,799,000
$3,000,000
-7% Price Drop
Initial Listing
Mar 24, 2026
$3,000,000
Initial Listing