
Rancho Palos Verdes, California 90275
This Spacious Split-Level Residence represents a High-Potential Investment Opportunity, listed at $1,799,000—positioned above the $1,644,201 Fair Market Value. While the property requires cosmetic modernization, its Condition Rating of 4 is bolstered by a massive 37,237 sqft lot and Panoramic Canyon and City Light Views. Located in the prestigious Palos Verdes Peninsula Unified School District, this asset offers significant upside for those looking to customize a premier lot. It is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking long-term value in a top-tier location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4802 Elkridge Drive Subject | $1,799,000* List Price | 4 | 3 | 2,148 | $765 | - |
A 27138 E Diamondhead Lane Active Under Contract | $1,875,000 List Price | 3 | 2 | 1,899 | $987 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1965, the home is well-maintained but features a dated kitchen and bathrooms likely renovated 20-30 years ago (oak cabinetry, tile countertops, and wallpaper). While the property benefits from a newer HVAC system, new water heater, and dual-pane windows, the interior aesthetics require significant cosmetic updates to meet modern standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 37237, living area = 2148.
The property features a rare 37,237 sqft lot with a large flat backyard and dedicated RV/boat parking, providing exceptional privacy and significant potential for expansion or outdoor recreation.
Strategically positioned to capture sweeping canyon and sparkling city light vistas, the home offers a tranquil backdrop from the primary living areas, bedrooms, and the outdoor viewing deck.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =37237, other record lot size in square feet = 37289.
While well-maintained, the interior features older elements such as tile countertops and classic terrazzo floors, indicating a need for cosmetic updates to meet contemporary luxury standards.
The 1965 split-level architectural design may be less appealing to buyers seeking a modern open-concept floor plan or the accessibility of a single-story residence.
Situated on a premier lot with expansive canyon and sparkling city light views, this beautifully maintained split-level home offers an exceptional opportunity in one of the area's most desirable neighborhoods. A welcoming double-door entry opens to a bright foyer featuring classic terrazzo floors. The formal living room is anchored by a charming fireplace and framed by picturesque views of the backyard and canyon beyond, creating an inviting space for relaxing or entertaining. The adjacent formal dining room features sliding glass doors that seamlessly connect indoor and outdoor living, opening to a raised rear deck—perfect for al fresco dining while taking in the tranquil scenery. The light-filled kitchen offers tile countertops, abundant cabinetry, a sunny breakfast area, and windows that capture the surrounding views. Four upstairs bedrooms provide comfortable accommodations, with several enjoying beautiful canyon and city light vistas. Downstairs, a spacious family room and convenient powder room offer flexible space for a media room, home office, or playroom. The expansive, flat backyard is a true rarity, providing endless possibilities for entertaining, gardening, recreation, or future expansion. Enjoy evenings around the fire pit, tend to the raised garden beds, or harvest fruit from the mature lemon tree—all while appreciating the privacy and open space behind the home. A generous side yard offers ample room for RV or boat parking, along with additional storage. Additional features include dual-pane windows with retractable screens that preserve the views, a newer HVAC system, a new water heater, an attached two-car garage, charming front rose gardens, and beautifully maintained landscaping. With its incredible views, versatile floor plan, oversized usable lot, and outstanding location, this home presents a rare opportunity to update and customize a truly special property.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 4.0 |
| Baths | 3.0 | 3.0 |
| Square foot | 2,148 | 2,320.5 |
| Lot Size | 37,237 | 10,823.5 |
| Price | $1.80M | $1.90M |
| Price per sq ft | $838 | $799 |
| Built year | 1965 | 1963 |
| HOA | $0 | $700 |
| Days on market | 12 | 57 |
Jul 10, 2026
$1,799,000
Initial Listing