
Rancho Palos Verdes, California 90275
This High-Potential Investment Opportunity is listed at $3,395,000, positioned well above the $3,027,863 Fair Market Value. While the property requires modernization, its Condition Rating of 4 is offset by Unobstructable Panoramic Ocean Views and a massive 15,080 sqft lot. Located in the elite Palos Verdes Peninsula Unified School District with access to 10/10 rated schools, the home offers significant long-term value. This is a rare acquisition for Value-Add Investors or Owner-Occupants looking to customize a premier coastal estate with tremendous upside potential.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 30131 Matisse Drive Subject | $3,395,000* List Price | 4 | 5 | 3,406 | $887 | - |
A 30175 Avenida Tranquila Sold | $2,800,000 | 5 | 3 | 3,460 | $809 | 0.4 mi |
B 30032 Avenida Esplendida Sold | $2,480,000 | 4 | 3 | 2,531 | $980 | 0.4 mi |
C 6977 Alta Vista Sold | $3,050,000 | 5 | 3 | 4,197 | $727 | 0.4 mi |
D 30538 Rhone Drive Active | $2,600,000 List Price | 3 | 3 | 3,257 | $798 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1978, the property is nearly 50 years old and retains significant dated elements such as 1970s-style wood built-ins and vintage patterned tile flooring. While the kitchen is noted as updated, the overall interior aesthetic and the agent's mention of 'tremendous potential' indicate the home requires modernization and minor repairs to meet current market standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 15080, living area = 3406.
Elementary School: Point Vicente Elementary School (9/10). Middle School: Ridgecrest Intermediate School (9/10). High School: Palos Verdes Peninsula High School (10/10).
The property features rare and permanent ocean views spanning from Catalina to Malibu, visible from multiple levels and balconies, which serves as a significant value driver.
The property has been on the market for 43 days and has already undergone a price reduction of over $100,000, suggesting initial pricing resistance in the current luxury segment.
While the kitchen is updated, the 1978 construction and marketing emphasis on 'tremendous potential' indicate that additional capital investment may be required to bring the entire home up to contemporary luxury standards.
Panoramic ocean views span from Catalina to Malibu from this remarkable home, where soaring ceilings, large windows, and multiple balconies take full advantage of the setting. The entry level features a living room with vaulted ceiling and fireplace, an updated kitchen with center island, and the primary suite, all beautifully positioned to capture the spectacular views. A formal dining room and inviting family room located just off the kitchen add comfort and functionality. Downstairs, three guest bedrooms, two bathrooms, a spacious family room with fireplace, and a separate game or rumpus room provide incredible flexibility and a sense of privacy. Outside, two expansive entertaining balconies extend across the west side of the home, while the generous yard features numerous fruit trees. Additional highlights include an oversized driveway and an attached three-car garage with direct interior access. With completely unobstructable ocean views, a remarkable setting, and tremendous potential, this is a rare opportunity to create something truly special.
No exterior & parking available.
Grades K-5 • 0.9 mi
Grades K-5 • 1.1 mi
Grades 6-8 • 1.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.9 |
| Baths | 5.0 | 3.0 |
| Square foot | 3,406 | 2,270.986 |
| Lot Size | 15,080 | 9,800.365 |
| Price | $3.40M | $1.85M |
| Price per sq ft | $997 | $795 |
| Built year | 1978 | 1963 |
| HOA | $0 | $451 |
| Days on market | 76 | 50 |
Aug 7, 2026
$3,395,000
$3,500,000
-3% Price Drop
Initial Listing
Jun 25, 2026
$3,500,000
Initial Listing
Sep 12, 2014
$1,625,000
Public Record