2950 Palos Verdes Drive N, Rolling Hills, California 90274, Rolling Hills, 90274 - 4 bed, 4 bath
ACTIVE$1,700,000
2950 Palos Verdes Drive N, Rolling Hills, California 90274
4Beds
4Baths
3,822Sqft
50,913Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Prestigious Location: Situated in the highly desirable and exclusive City of Rolling Hills, offering a prime real estate opportunity on a tree-lined street.
Top Cons:
Major Structural Defect: The front house is 'Red Tagged' due to a detected foundation issue, indicating a critical and potentially very costly repair requirement.
Compared to the nearby listings
Price:$1.70M vs avg $2.51M ($-810,000)8%
Size:3,822 sqft vs avg 2,830.5 sqft81%
Price/sqft:$445 vs avg $9801%
More Insights
Built in 1977 (48 years old).
Condition: This property, built in 1977, is explicitly described as an 'Investor’s Dream' and 'ready for transformation,' indicating a need for substantial rehabilitation. The most critical factor is the 'front house is Red Tagged' due to a 'foundation issue,' which signifies severe structural defects affecting safety and soundness. The aerial images show visible damage to at least one structure and a large dumpster, reinforcing the state of disrepair. While no interior photos are provided, given the age and major structural problems, the kitchen, bathrooms, and other interior components are undoubtedly original, outdated, and in poor condition, requiring complete renovation. The property is not safe or livable in its current state.
Year Built
1977
Close
-
List price
$1.7M
Original List price
$1.9M
Price/Sqft
$445
HOA
$1,800
Days on market
-
Sold On
-
MLS number
SB25156958
Home ConditionPoor
Features
Good View: City Lights, Canyon
ViewCity Lights,Canyon
About this home
Investor’s Dream in Rolling Hills – Unlock the hidden value of this prime real estate opportunity in the prestigious City of Rolling Hills. Set on a sprawling lot of 1.16 acres along tree lined Palos Verdes Drive North, this single-level property is ready for transformation. Whether you're a seasoned contractor, investor, or a visionary homeowner seeking your next project, it offers the perfect canvas to maximize value and returns. With 4 bedrooms and 4 baths, 3,822 sqft of living area, the layout includes 3 structures, the front house is Red Tagged, foundation issue is detected, the middle structure features a living area with bathroom, the back structure has a separate driveway. Original architectural details remained, including intricate brickwork in the fireplace, and charming mosaic glass accents that speak to the home's timeless character. Great public schools in the Palos Verdes Peninsula School District, as well as private schools such as Chadwick School and Country Day.
Nearby schools
10/10
Rancho Vista Elementary School
Public,•K-5•1.5mi
9/10
Soleado Elementary School
Public,•K-5•1.7mi
8/10
Mira Catalina Elementary School
Public,•K-5•2.1mi
8/10
Dapplegray Elementary School
Public,•K-5•3.2mi
9/10
Vista Grande Elementary School
Public,•K-5•3.7mi
8/10
Miraleste Intermediate School
Public,•6-8•1.5mi
9/10
Ridgecrest Intermediate School
Public,•6-8•2.3mi
10/10
Palos Verdes Peninsula High School
Public,•9-12•2.2mi
8/10
Palos Verdes High School
Public,•9-12•4.7mi
Price History
Date
Event
Price
07/10/24
Sold
$1,700,000
Condition Rating
Poor
This property, built in 1977, is explicitly described as an 'Investor’s Dream' and 'ready for transformation,' indicating a need for substantial rehabilitation. The most critical factor is the 'front house is Red Tagged' due to a 'foundation issue,' which signifies severe structural defects affecting safety and soundness. The aerial images show visible damage to at least one structure and a large dumpster, reinforcing the state of disrepair. While no interior photos are provided, given the age and major structural problems, the kitchen, bathrooms, and other interior components are undoubtedly original, outdated, and in poor condition, requiring complete renovation. The property is not safe or livable in its current state.
Pros & Cons
Pros
Prestigious Location: Situated in the highly desirable and exclusive City of Rolling Hills, offering a prime real estate opportunity on a tree-lined street.
Expansive Lot Size: Boasts a sprawling 1.16-acre lot (50,913 sqft), providing significant space for potential expansion, landscaping, or redevelopment.
Strong Investment Potential: Marketed as an 'Investor's Dream' and a 'perfect canvas,' offering substantial value-add opportunity for renovation and appreciation.
Excellent School District: Located within the highly-rated Palos Verdes Peninsula School District, a significant draw for families seeking top-tier education.
Multiple Structures & Views: Includes three distinct structures and offers desirable City Lights and Canyon views, enhancing its potential and versatility.
Cons
Major Structural Defect: The front house is 'Red Tagged' due to a detected foundation issue, indicating a critical and potentially very costly repair requirement.
Extensive Renovation Required: The property is explicitly presented as a 'project' and 'ready for transformation,' implying a need for substantial investment in repairs and upgrades beyond the foundation.
Age and Condition: Built in 1977, the property likely requires comprehensive modernization and updates throughout, in addition to the significant structural issues.