2 Peppertree, Rancho Palos Verdes, California 90275, Rancho Palos Verdes, 90275 - 3 bed, 2 bath
ACTIVE$400,000$2,000/sqft
2 Peppertree, Rancho Palos Verdes, California 90275
3Beds
2Baths
2,000Sqft
27,677Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 27677, living area = 2000.
Top Cons:
Severe Structural Compromise: The home is 'quite affected by land movement' and described as 'compromised,' indicating significant structural damage that will require extensive and costly remediation or a complete rebuild.
Compared to the nearby listings
Price:$400.0K vs avg $1.88M ($-1,484,000)1%
Size:2,000 sqft vs avg 2,370.5 sqft28%
Price/sqft:$200 vs avg $7881%
More Insights
Built in 1955 (71 years old).
Condition: Built in 1955, this property is explicitly described as 'compromised' and 'quite affected by land movement,' indicating severe structural damage that renders it unlivable. The listing states 'much to do to enable occupancy' and is sold 'As-Is with no financing contingencies,' strongly suggesting the structure is beyond economical repair. Images show boarded-up windows, visible foundation issues, and a severely outdated/damaged interior, including a very old kitchen. The low list price for a prime view lot further confirms the value is in the land, not the existing, irreparable structure.
Year Built
1955
Close
-
List price
$400K
Original List price
$400K
Price/Sqft
$200
HOA
$1,380
Days on market
-
Sold On
-
MLS number
PV26011572
Home ConditionTear down
Features
Excellent View: Catalina, Coastline, Ocean, Panoramic, Water
Deck
ViewCatalina, Coastline, Ocean, Panoramic, Water
About this home
Absolutely panoramic views from this compromised home. The list price is not a typo..and the view photos are not photoshopped. In many ways it is a spectacular location, no better views or weather is available in Palos Verdes BUT the home is quite affected by land movement. Please pay particular attention to the aerial overlay as it pertains to lot lines as well as the photos of the home itself. For any buyer, there will be much to do to enable occupancy and bring it back to its former condition. Sale will only be As-Is with no financing contingencies.
C
Charlie Raine
Listing Agent
Price History
Date
Event
Price
12/06/99
Sold
$420,000
01/13/17
Sold
$1,625,000
10/22/12
Sold
$1,079,000
Condition Rating
Tear down
Built in 1955, this property is explicitly described as 'compromised' and 'quite affected by land movement,' indicating severe structural damage that renders it unlivable. The listing states 'much to do to enable occupancy' and is sold 'As-Is with no financing contingencies,' strongly suggesting the structure is beyond economical repair. Images show boarded-up windows, visible foundation issues, and a severely outdated/damaged interior, including a very old kitchen. The low list price for a prime view lot further confirms the value is in the land, not the existing, irreparable structure.
Pros & Cons
Pros
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 27677, living area = 2000.
Unparalleled Panoramic Views: The property boasts 'absolutely panoramic views' of Catalina, the Ocean, and the Coastline, explicitly stated as 'no better views...available in Palos Verdes,' making it a truly exceptional visual experience.
Prime Rancho Palos Verdes Location: Situated in a 'spectacular location' within Rancho Palos Verdes, known for its desirable environment and excellent weather, offering a premium lifestyle.
Significant Value-Add Opportunity: The exceptionally low list price of $400,000, explicitly noted as 'not a typo,' presents a substantial investment opportunity for a buyer willing to undertake the necessary remediation and renovation, given past sales significantly higher.
Desirable School District: Located within the highly-regarded Palos Verdes Peninsula Unified High School District, which is a strong attraction for families.
Generous Lot Size: A substantial lot size of 27,677 sqft (over half an acre) provides ample space for a custom rebuild or extensive landscaping to fully capitalize on the breathtaking views.
Cons
Severe Structural Compromise: The home is 'quite affected by land movement' and described as 'compromised,' indicating significant structural damage that will require extensive and costly remediation or a complete rebuild.
Extensive Renovation/Rebuild Required: There will be 'much to do to enable occupancy and bring it back to its former condition,' implying a substantial financial and time commitment for a complete overhaul or rebuild beyond the purchase price.
As-Is Sale with No Financing Contingencies: The property is sold 'As-Is with no financing contingencies,' placing all risk on the buyer and severely limiting traditional financing options, likely requiring a cash purchase or specialized construction loan.