2 Avenida De Olma, Rancho Palos Verdes, California 90275, Rancho Palos Verdes, 90275 - 4 bed, 4 bath
2 Avenida De Olma
Rancho Palos Verdes, California 90275
Property Price
SUMMARY
Analysis of 2 Avenida De Olma, Rancho Palos Verdes, California 90275 reveals a Prime Investment Opportunity with a current list price of $2,650,000—significantly undercutting the $2,772,203 Fair Market Value by 4%. This valuation gap indicates a +$122,203 Instant Equity potential for buyers. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Rancho Palos Verdes Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2 Avenida De Olma Subject | $2,650,000* List Price | 4 | 4 | 4,741 | $585 | - |
A 4 Paseo De Castana Active | $2,175,000 List Price | 4 | 5 | 4,017 | $541 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
Built in 1990, this well-maintained home is move-in ready but retains much of its original 1990s styling, particularly in the kitchen and bathrooms. While key systems like the furnace and refrigerator have been updated, the cabinetry, fixtures, and overall aesthetic are dated and align with the 'Fair' criteria for properties built 25-40 years ago without a full modern renovation.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
High School: Palos Verdes Peninsula High School (10/10).
- Exceptional Panoramic Views
The property commands rare and sweeping views of the ocean, coastline, and city lights, providing a high-value backdrop that enhances the home's appeal for both day and night entertaining.
- Exclusive Gated Security
Located within a private enclave of only 67 homes with 24-hour security, the residence offers a level of privacy and safety that is highly sought after in the Rancho Palos Verdes market.
CONSRISKS & DEFICIENCIES
- High Monthly Carrying Costs
The association fee of $785 per month is substantial, which may be a deterrent for buyers sensitive to high fixed monthly ownership expenses.
- Potential for Cosmetic Updates
Built in 1990 and described as needing 'personal touches,' the home likely requires interior cosmetic modernization to align with current luxury trends and maximize its market potential.
About 2 Avenida De Olma
2 Avenida De Olma is located in a gated secure community in Rancho Palos Verdes Estates. Beautifully designed, this spacious home is over 4,700-square-feet. With a combination of tasteful, timeless elegance, views, and location this home boasts a setting that’s increasingly rare on the Peninsula. Nestled within an exclusive enclave of only 67 homes with 24-hour security, the property has sweeping ocean, coastline, and city-light views. From its elevated position the backdrop enhances both day and night time entertaining. With 4 bedrooms and 4 bathrooms on an approximately 8,025-square-foot lot, the home features high ceilings, oversized rooms, and formal living. The possibilities for entertainment both night and day are limitless. The versatile floor plan offers multiple options for modern living, work-from-home spaces, and personalized layouts. This well-maintained residence has been thoughtfully updated with key systems including a newer furnace, refrigerator, and sprinkler system. Buyers can rest assured with peace of mind that this extraordinary home will only be enhanced with the personal touches of the lucky new owner. A three-car garage adds convenience and plenty of storage. Situated within the highly regarded Palos Verdes Peninsula Unified School District and just minutes from coastal trails, golf courses, and local amenities, this is a rare opportunity in a community where view properties seldom come on the market. Schedule a private showing to experience the setting, and lifestyle that is Highly sought after in our beloved Southern California community
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1990
- Lot Size
- 8,121 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 4 (4 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $785.0 / Month
Neighborhood Insights
Rancho Palos Verdes Unified Schools
Mira Catalina Elementary School
Grades K-5 • 0.3 mi
Crestwood Street Elementary School
Grades K-6 • 1.3 mi
Seventh Street Elementary School
Grades K-5 • 1.4 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 4.0 | 3.0 | 73% |
| Square foot | 4,741 | 2,488.5 | 94% |
| Lot Size | 8,121 | 10,223 | 24% |
| Price | $2.65M | $1.93M | 83% |
| Price per sq ft | $559 | $779 | 8% |
| Built year | 1990 | 1965 | 93% |
| HOA | $785.0 | $0 | 99% |
| Days on market | 7 | 194 | 1% |
Pricing History
Listed for Sale
Feb 27, 2026
$2,650,000
Initial Listing
Sold
Dec 10, 2008
$1,575,000
Public Record
Sold
Jun 18, 2002
$1,280,000
Public Record