2051 W Elberon, Rancho Palos Verdes, California 90275, Rancho Palos Verdes, 90275 - 3 bed, 3 bath
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Rancho Palos Verdes, California 90275
This 1955 "Classical California" residence represents a High-Potential Investment Opportunity, listed at $1,425,000—positioned well below the $1,480,063 Fair Market Value by 3%. This valuation gap provides $55,063 in Instant Equity. Featuring panoramic harbor and ocean views and a large family room addition, the home maintains a Condition Rating of 4, signaling a need for modernization. Located within the Palos Verdes Peninsula Unified School District, this property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to build value through strategic renovations.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2051 W Elberon Subject | $1,425,000* List Price | 3 | 3 | 1,824 | $811 | - |
A 29541 Bernice Drive Sold | $1,149,000 | 3 | 2 | 1,280 | $898 | 0.2 mi |
B 2017 W Macarthur Pending | $1,250,000 List Price | 4 | 2 | 1,714 | $729 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1955, this property is well-maintained but dated. While it features original hardwoods and some additions, the bathroom shows a renovation likely over 20 years old (oak vanity and older tile work), and the listing explicitly states that some items remain to be remodeled to modern tastes.
The property is ideally positioned on 'the hill' to offer sweeping views of the harbor, city lights, and the ocean from the front porch and living room.
This 1955 ranch-style home preserves its original 'Classical California' charm with hardwood floors, crown moldings, and elegant wainscotting throughout.
A large family/bonus room addition with a fireplace significantly enhances the home's square footage and functional utility for modern living.
The listing notes that several items remain to be remodeled, requiring the buyer to invest additional capital to update the home to contemporary preferences.
Built in 1955, the property may require upgrades to its original systems and finishes to ensure long-term efficiency and comfort.
"Happy Days" are here again when you enter into this 1955 "Classical California" single level Ranch style home. Well positioned on "the hill" which offers distant yet panoramic views of the Harbor, City lights and ocean from the front porch and living room. Character abounds as the original hardwood floors remain in several areas along with original crown mouldings and wainscotting. A very practical large Family Room/Bonus Room with fireplace was an addition to the original floorplan which really enhances floorspace and utility. The master offers a large walk in closet with built ins. A secondary bedroom invites you through the French doors to an elevated deck and garden scape to start your day or recharge at days end. The rear yard is ample offering possibilities and currently offers a party deck for relaxing, or a hot spa potential to relax into the evening. Some items remain to be remodeled to your taste and preference but the cool, fresh gentle ocean breezes that arrive every afternoon in this location are priceless.
No exterior & parking available.
Grades K-6 • 0.2 mi
Grades K-5 • 0.7 mi
Grades K-5 • 1.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 4.0 |
| Baths | 3.0 | 3.0 |
| Square foot | 1,824 | 2,320.5 |
| Lot Size | 6,210 | 10,823.5 |
| Price | $1.43M | $1.90M |
| Price per sq ft | $781 | $799 |
| Built year | 1955 | 1963 |
| HOA | $0 | $700 |
| Days on market | 16 | 57 |
Jul 6, 2026
$1,425,000
Initial Listing
Aug 5, 2008
$770,000
Public Record
Aug 15, 2003
$610,000
Public Record