
Palos Verdes Peninsula, California 90274
This Spanish-style Malaga Cove residence represents a Strong Value Opportunity, listed at $2,999,000—positioned well below the $2,749,754 Fair Market Value by -9%. While the home maintains a Condition Rating of 4, its 180-degree panoramic ocean views and accessible main-level living layout provide a rare foundation for modernization. The property features a private backyard retreat with spa and underground utilities that preserve the skyline. This is an ideal acquisition for Value-Add Investors or Owner-Occupants seeking to customize a premier coastal asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1613 Via Lazo Subject | $2,999,000* List Price | 3 | 3 | 2,778 | $990 | - |
A 628 Via Del Monte Sold | $3,110,000 | 4 | 4 | 2,762 | $1,126 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1952 with renovations that appear to be 20-30 years old. While well-maintained and move-in ready, the kitchen and bathrooms feature dated finishes, including a pink soaking tub and older oak cabinetry. The property requires cosmetic modernization to meet current luxury standards.
The property boasts breathtaking 180-degree 'Queen’s Necklace' vistas of the Pacific Ocean and coastline, enhanced by underground utilities that ensure an unobstructed skyline.
The primary suite, kitchen, and main living areas are all situated on the entry level with direct garage access, providing an ideal layout for those seeking to minimize stair usage.
Situated on a quiet street just minutes from Malaga Cove Plaza and scenic trails, this home offers a highly desirable lifestyle in one of the Peninsula's most prestigious neighborhoods.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 4.
Originally a four-bedroom home, the conversion of two rooms into an expanded primary suite leaves only three bedrooms, potentially limiting appeal for larger families.
Built in 1952, the home features some 'old-school' design elements and may require additional updates to systems or finishes to align with modern luxury expectations.
Welcome to your own slice of Heaven, with breathtaking 180° views of the Pacific Ocean and the Queen’s Necklace. From the front door, a wall of windows frames the sweeping vistas! The captivating view includes the sandy white beaches of Redondo, Hermosa, and Manhattan Beach, to the hills of the Pacific Palisades and the tip of Malibu! This beautiful Spanish-style Malaga Cove home sits on a short, quiet street that's just minutes to Malaga Cove Plaza, Lunada Bay Plaza, and scenic walking trails. As a bonus, all utilities are underground which preserves the clean, uncluttered skyline, enhancing the views. Originally built as a four-bedroom home, the two bedrooms on the main entry level were combined to create an expansive primary suite with French doors that open to a large balcony, and a spa-like bathroom with three-sided fireplace, soaking tub, separate shower, dual sinks, and two walk-in closets. The dramatic ocean, coastline, and city views provide a stunning backdrop, both day and night! The main level of the home can be accessed directly from the garage via a tiny ½ step, so this main level could work well for people with limited mobility that want to avoid stairs! This level has the large primary suite, the spacious living room with wood-burning fireplace, a big dining area, an updated kitchen with attached laundry room with pantry cabinets, and a 3/4 guest bath. An ideal layout! The living room, dining room, and primary suite have French doors that open to the fabulous view balcony, creating a seamless flow to the outdoor entertaining space. Downstairs, you’ll find the huge family room complete with an old-school bar and wine cellar, and French doors that open to the lush backyard. This room is perfect for game nights, gatherings, or just lounging. The two bedrooms on this level share a large full bath. The family room and the west-facing bedroom open directly to the private patio and large backyard retreat. The backyard is a serene, private oasis and is an entertainer’s dream, featuring a PV stone patio, a Trex deck with in-ground spa, a fire pit, and a large grassy lawn surrounded by lush greenery, mature trees, palms, and colorful flowers. The welcoming, totally private courtyard by the front entrance is so charming with red brick, mature trees and lush landscaping. Don’t miss this rare opportunity to own an exceptional Malaga Cove home with awe-inspiring views, a terrific floorplan, and an ideal indoor–outdoor lifestyle!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 4.0 |
| Baths | 3.0 | 2.5 |
| Square foot | 2,778 | 2,348.25 |
| Lot Size | 8,006 | 16,428 |
| Price | $3.00M | $2.56M |
| Price per sq ft | $1.1K | $1.1K |
| Built year | 1952 | 1960 |
| HOA | $0 | $633 |
| Days on market | 86 | 43 |
Jun 15, 2026
$2,999,000
Initial Listing