1949 W 1st Street, Rancho Palos Verdes, California 90275, Rancho Palos Verdes, 90275 - 5 bed, 5 bath
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Rancho Palos Verdes, California 90275
This Dual-Residence Property is a High-Potential Investment Opportunity, listed at $3,495,000—positioned above the $3,118,671 Fair Market Value. While priced at a premium, the property features an Excellent Condition Rating with extensive modernizations, including new systems and a chef's kitchen. The expansive 12,967 sqft lot, complete with a large pool and patio, offers rare versatility for multigenerational living or high-yield rental income. This turnkey asset is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a sophisticated, income-generating retreat in Rancho Palos Verdes.
Property is new construction or fully renovated.
The property has undergone an extensive recent renovation to a 'like-new' state, featuring a modern chef's kitchen, updated bathrooms with contemporary tile and fixtures, and new flooring throughout. All critical systems, including plumbing, electrical, and HVAC, have been replaced within the last 5 years, requiring no immediate maintenance.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 12967, living area = 2825.
The property features two fully renovated, single-level homes on one expansive lot, providing exceptional versatility for multigenerational living or high-yield rental income opportunities.
Both residences have been extensively updated with new plumbing, electrical systems, and air conditioning, offering the turnkey convenience and reliability of a like-new property.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2825, other record living area = 2042. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 3.
Despite the premium price point in Rancho Palos Verdes, the property lacks the ocean or city light views often sought after by buyers in this coastal community.
The property is located in an area with split or complex school district options (PV vs. LAUSD), which may require additional buyer due diligence and could impact long-term resale appeal.
Discover a rare opportunity featuring two beautifully renovated 1 level homes on one expansive lot. The main residence offers 3 bedrooms and 3 (1 full and 2-3/4) baths, and a private office w/dedicated laundry room. The separate guest house includes 2 bedrooms and 2 (3/4 bath) bath and separate laundry room. Both homes have been extensively updated with new plumbing, electrical systems, air conditioning, and more—offering the comfort and appeal of like-new living(Buyer and buyer's agent verify).. A large pool and spacious patio create an inviting outdoor retreat between the two residences. The guest house may offer the potential for added privacy with separate fencing, dedicated parking access, and its own patio area. Buyers and buyers’ agents are advised to verify permitted uses and possibilities with the appropriate city departments. The main house has a chefs kitchen, living room, dining area, separate family room, private office and separate bedroom wing. the 2nd structure is upscale and private and works well as a separate rental and/or additional family quarters. See remark section for lockbox location. Conveniently located near schools, shopping, freeways, and everyday amenities, this versatile property is ideal as an investment or income opportunity, a multigenerational retreat, or a welcoming arrangement for extended family members who value their independence and privacy.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 4.0 |
| Baths | 5.0 | 3.0 |
| Square foot | 3,634 | 2,320.5 |
| Lot Size | 12,967 | 10,823.5 |
| Price | $3.50M | $1.90M |
| Price per sq ft | $962 | $799 |
| Built year | 1959 | 1963 |
| HOA | $0 | $700 |
| Days on market | 9 | 57 |
Jul 13, 2026
$3,495,000
Initial Listing
Nov 29, 2023
$1,245,000
Public Record