2003 Velez Drive, Rancho Palos Verdes, California 90275, Rancho Palos Verdes, 90275 - 4 bed, 2 bath
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Rancho Palos Verdes, California 90275
This Exquisitely Remodeled Mid-Century Residence is listed at $1,475,000, representing a stable and high-quality home valued near its $1,405,296 Fair Market Value. Boasting a Pristine Condition Rating, the property features extensive updates including a newer roof, HVAC system, and a stamped concrete patio. Situated on an expansive 8,441 sqft corner lot with fruit trees, the residence offers a refined lifestyle. With access to the 10/10 rated Palos Verdes Peninsula High School and 9/10 Taper Avenue Elementary, this turnkey sanctuary is the perfect fit for Owner-Occupants or Families seeking a polished, move-in-ready transition.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2003 Velez Drive Subject | $1,475,000* List Price | 4 | 2 | 2,013 | $698 | - |
A 1902 Peninsula Verde Drive Sold | $1,625,000 | 4 | 3 | 2,448 | $664 | 1.0 mi |
B 28745 N Enrose Avenue Sold | $1,560,000 | 4 | 3 | 2,162 | $722 | 0.5 mi |
C 2038 Noble View Drive Sold | $1,340,000 | 4 | 2 | 1,512 | $886 | 0.9 mi |
D 29414 S Bayend Drive Sold | $1,320,000 | 5 | 3 | 2,156 | $612 | 0.8 mi |
E 1936 Homeworth Drive Sold | $1,370,000 | 4 | 4 | 2,412 | $568 | 0.6 mi |
F 2030 Galerita Drive Sold | $1,350,000 | 4 | 2 | 1,746 | $773 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
This mid-century home has been extensively and recently remodeled, featuring high-ticket updates such as a newer roof, HVAC system, updated electrical, and dual-paned windows. The interior is in pristine condition with newer luxury vinyl flooring, designer lighting, and a modern kitchen equipped with stainless steel appliances. The property shows no signs of deferred maintenance and meets the highest standards for a move-in ready, fully renovated home.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8443, living area = 2013.
Elementary School: Taper Avenue Elementary School (9/10). High School: Palos Verdes Peninsula High School (10/10).
The home features significant high-ticket updates including a newer roof, HVAC system, updated electrical, and dual-paned windows, offering peace of mind and reduced immediate maintenance costs for the buyer.
The property is located in an area with overlapping school districts (PV/LAUSD), which requires buyer verification and may be a deterrent for those specifically seeking guaranteed Palos Verdes school access.
For a four-bedroom home of this size, the presence of only two bathrooms may be considered a limitation for larger households or buyers accustomed to a higher bed-to-bath ratio.
Nestled in the highly sought-after neighborhood of Rancho Palos Verdes, this beautifully remodeled mid-century home offers 4 bedrooms and 2 bathrooms, thoughtfully designed with both comfort and style in mind, spanning over 2,000 sq ft on an expansive 8,441 sq ft lot corner lot! Step inside to discover a light-filled interior featuring newer luxury vinyl flooring, updated electrical throughout, HVAC system, newer roof, dual-paned windows and sliders, and designer lighting that enhances every space. The well-designed floor plan offers seamless flow between two spacious living areas, a formal dining room, and a charming breakfast nook with bar seating—perfect for both everyday living and entertaining. The updated kitchen serves as the heart of the home, combining functionality with modern appeal. While the main living spaces invite connection, the bedroom wing provides privacy and retreat. All bedrooms offer ample closet space with the rear bedroom opening to the back patio area. Outdoors, the secluded and tranquil backyard is an entertainer’s dream, complete with a tastefully stamped concrete patio, fresh landscaping, fruit producing guava and banana trees, and low-maintenance, water-saving turf. Additional features include an oversized two-car direct access garage, large paver driveway with ample parking, and two outdoor storage sheds. Situated on a desirable corner lot, the property is framed by ivy-covered brick walls that offer both charm and privacy. Ideally located near shopping, dining, parks, and easy freeway access, this home is also just a short drive from top rated PV schools, the upcoming West Harbor development, and the beautiful peninsula coastline.
No exterior & parking available.
Grades K-6 • 0.9 mi
Grades K-5 • 0.9 mi
Grades K-5 • 0.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 2.0 | 3.0 | 24% |
| Square foot | 2,013 | 2,494 | 25% |
| Lot Size | 8,443 | 11,034 | 26% |
| Price | $1.48M | $1.90M | 16% |
| Price per sq ft | $733 | $773 | 38% |
| Built year | 1958 | 1965 | 21% |
| HOA | $0 | $0 | 50% |
| Days on market | 15 | 201 | 1% |
Apr 7, 2026
$1,475,000
Initial Listing
Jul 20, 2022
$1,500,000
Public Record