
Palos Verdes Estates, California 90274
This Incomplete Rehabilitation Project in Lunada Bay represents a rare coastal development opportunity. Listed at $1,945,000, the price reflects the extreme scarcity of inventory in Palos Verdes Estates, positioned near its $1,870,754 Fair Market Value. The 3,534 sqft structure is currently stripped to the framing and in receivership, providing a blank canvas for a custom luxury rebuild. Served by the elite Palos Verdes Peninsula Unified School District, this Condition Rating 6 asset is a premier acquisition for Experienced Developers or Fix-and-Flip Investors.
Property is land value only, full reconstruction required.
The property is an incomplete rehabilitation project currently in receivership and has been stripped to the framing. It lacks all functional systems, including a kitchen, bathrooms, and flooring, and is cited for numerous code violations. The listing explicitly suggests demolition as a primary option, and the 1939 structure is currently unlivable.
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 prestigious Lunada Bay area of Palos Verdes Estates, this property offers a rare opportunity to develop in a high-demand, luxury neighborhood known for its exclusivity and long-term value retention.
The property is served by the award-winning Palos Verdes Peninsula Unified School District, with highly-rated schools like Palos Verdes High School located less than a quarter-mile away.
The property is currently in receivership due to numerous code violations, which necessitates a sophisticated buyer capable of navigating legal hurdles and municipal compliance.
As an incomplete project in 'as-is' condition, it requires a massive additional investment for construction and remediation beyond the nearly $2 million entry price.
EXPERIENCED INVESTORS..... This property is an incomplete rehabilitation project and is currently in Receivership. The location is phenomenal and a rare find in this area. An investment opportunity for an experienced investor, this 4 bedroom, 3 bathroom home has been stripped to the framing and was placed in receivership for numerous code violations. The structure is approximately 3,534 square feet. Either finish the current structure, complete a one wall rehabilitation or demolish the structures and start from ground up.
No exterior & parking available.
Grades K-5 • 0.8 mi
Grades K-5 • 1.0 mi
Grades K-5 • 1.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 4.0 | 68% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 3,136 | 2,992.5 | 56% |
| Lot Size | 7,417 | 14,800 | 11% |
| Price | $1.95M | $2.60M | 21% |
| Price per sq ft | $620 | $964 | 8% |
| Built year | 1939 | 1962 | 2% |
| HOA | $0 | $0 | 50% |
| Days on market | 135 | 174 | 34% |
Dec 8, 2025
$1,945,000
Initial Listing
Apr 6, 2021
$2,126,000
Public Record