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360 Via Almar, Palos Verdes Estates, California 90274, Palos Verdes Estates, 90274 - 3 bed, 3 bath

360 Via Almar, Palos Verdes Estates, California 90274 home-pic-0
ACTIVE$3,250,000
360 Via Almar, Palos Verdes Estates, California 90274
3Beds
3Baths
2,391Sqft
16,668Lot
Year Built
1960
Close
-
List price
$3.25M
Original List price
$3.4M
Price/Sqft
$1,359
HOA
-
Days on market
-
Sold On
-
MLS number
PV24255017
Home ConditionFair
Features
Excellent View: Coastline, Ocean, Panoramic, Pool, Water
Pool
Patio
ViewCoastline, Ocean, Panoramic, Pool, Water

About this home

Possibly Over-Priced:The estimated price is 29% below the list price. We found 3 Cons,6 Pros. Rank: price - $3.25M(66th), sqft - 2391(33th), beds - 3(32th), baths - 3(50th).

Seller Financing Available! The owners are offering extremely favorable financing terms to qualified buyers, providing a rare opportunity to secure this property with flexible terms and a below-market interest rate. Don’t miss out on this exceptional opportunity! Sweeping ocean, coastline and whitewater views from all major rooms grace this Mid-Century classic home in highly sought-after lower Malaga Cove! Situated on a rare 16,633 SF lot (per assessor), the home offers 3 bedrooms and 2 and half bath round out the main level, Views are enjoyed throughout from large floor-to-ceiling windows in the living, dining, kitchen and all bedrooms, including a spacious master suite with walk-in closet and fireplace. Enjoy al fresco dining and entertaining with the coastline views from the wrap-around front deck or in the private rear yard with pool and patio. A unique feature of this special neighborhood. Ideally located with convenient off the hill access, it also offers proximity to charming Malaga Cove Plaza, Palos Verdes Beach and Athletic Club, and a spectacular viewing site for Fourth of July fireworks! Short walking distance to the cliff where the Queen's Necklace view awaits in the distance. Great area for outdoor sports such as hiking, surfing, beach volleyball on RAT beach. Walking distance from Malaga Cove Plaza where you can enjoy cup of coffee or breakfast at the Yellow Vase, shop and bank.

Condition Rating
Fair
Built in 1960, this 'Mid-Century classic home' features an interior that appears largely original or last updated 30-50+ years ago. The kitchen has outdated light wood cabinets, laminate countertops, and white appliances. Bathrooms show similar signs of age with older vanities, fixtures, and tile. While the property is aged and requires substantial modernization to meet current standards, there are no indications of significant structural defects or safety concerns. The exterior and pool area appear well-maintained, suggesting regular upkeep. Major components are functional but clearly outdated, aligning with a 'Fair' condition where significant updates are needed, but not extensive repairs due to disrepair.
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 = 16668, living area = 2391.
Seller Financing: The owners are offering extremely favorable financing terms to qualified buyers, providing a rare opportunity to secure this property with flexible terms and a below-market interest rate.
Exceptional Views: Sweeping ocean, coastline, and whitewater views are enjoyed from all major rooms and through large floor-to-ceiling windows, enhancing the property's allure.
Prime Location & Accessibility: Situated in highly sought-after lower Malaga Cove with convenient off-the-hill access, proximity to Malaga Cove Plaza, Palos Verdes Beach and Athletic Club, and walking distance to local amenities.
Generous Lot Size & Outdoor Living: The property boasts a rare 16,633 SF lot, featuring a private rear yard with a pool and patio, and a wrap-around front deck perfect for al fresco dining and entertaining with coastline views.
Architectural Character: As a 'Mid-Century classic home,' it offers a distinct architectural style that appeals to buyers seeking character and potential for personalized modern updates.

Cons

Significant Price Discrepancy: The listing price of $3.25M is substantially higher than the estimated property value of $2.28M, indicating potential overpricing that could deter buyers or complicate financing.
Age and Potential Renovation Costs: Built in 1960, the 'Mid-Century classic' home may require significant investment for updates to systems (e.g., plumbing, electrical, HVAC) and interior finishes to meet modern luxury standards.
Limited Interior Modernization Details: While views and outdoor features are emphasized, the description lacks specific details about recent interior renovations or modern amenities, suggesting the interior might be dated and require substantial upgrades to match the price point.

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