6543 Monero Drive, Rancho Palos Verdes, California 90275, Rancho Palos Verdes, 90275 - 3 bed, 2 bath
ACTIVE$1,600,000
6543 Monero Drive, Rancho Palos Verdes, California 90275
3Beds
2Baths
1,684Sqft
9,007Lot
Price Vs. Estimate
The estimated value ($1,547,608.74) is $52,391.26 (3%) lower than the list price ($1,600,000). This property may be overpriced.
Key pros and cons
Top 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 = 9007, living area = 1684.
Top Cons:
Significant Renovation Required: The property requires substantial cosmetic upgrades, implying additional immediate investment beyond the purchase price to modernize and personalize the home.
Compared to the nearby listings
Price:$1.60M vs avg $1.90M ($-300,000)26%
Size:1,684 sqft vs avg 2,383 sqft11%
Price/sqft:$950 vs avg $79378%
More Insights
Built in 1962 (63 years old).
Condition: Built in 1962, this home is aged but appears to be maintained. The description explicitly states it's 'ready for the buyers to come in and perform the cosmetic upgrades,' indicating a need for significant aesthetic updates rather than structural repairs. The kitchen features dated wood cabinets, older countertops, and a mix of newer and older appliances, while the bathroom showcases very dated mosaic tile work and fixtures. The flooring (carpet, old tile, hardwood) and light fixtures are also outdated. While functional, the major components like the kitchen and bathrooms show clear signs of being outdated and require substantial renovation to meet current standards, aligning with the 'Fair' condition criteria where the home is aged but functional, needing more than minor updates but not extensive structural rehabilitation.
Year Built
1962
Close
-
List price
$1.6M
Original List price
$1.7M
Price/Sqft
$950
HOA
-
Days on market
-
Sold On
-
MLS number
SB25072085
Home ConditionFair
Features
Patio
View-
About this home
Nestled on a picturesque, tree-lined street, this Ranch-style home features 3 spacious bedrooms, 2 baths, a large kitchen, and a wood burning fireplace. Other notable features include a two-car garage, dedicated laundry room, and large back yard. This home is ready for the buyers to come in and perform the cosmetic upgrades to make this house their dream home. In a central location within the desirable los verdes neighborhood in RPV, this home is conveniently located near an abundant amount of shops, parks and great schools.
Nearby schools
9/10
Vista Grande Elementary School
Public,•K-5•0.8mi
9/10
Ridgecrest Intermediate School
Public,•6-8•1.3mi
10/10
Palos Verdes Peninsula High School
Public,•9-12•1.2mi
8/10
Palos Verdes High School
Public,•9-12•1.5mi
Condition Rating
Fair
Built in 1962, this home is aged but appears to be maintained. The description explicitly states it's 'ready for the buyers to come in and perform the cosmetic upgrades,' indicating a need for significant aesthetic updates rather than structural repairs. The kitchen features dated wood cabinets, older countertops, and a mix of newer and older appliances, while the bathroom showcases very dated mosaic tile work and fixtures. The flooring (carpet, old tile, hardwood) and light fixtures are also outdated. While functional, the major components like the kitchen and bathrooms show clear signs of being outdated and require substantial renovation to meet current standards, aligning with the 'Fair' condition criteria where the home is aged but functional, needing more than minor updates but not extensive structural rehabilitation.
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 = 9007, living area = 1684.
Great Schools: Elementary School: Vista Grande Elementary School (9/10). Middle School: Ridgecrest Intermediate School (9/10). High School: Palos Verdes Peninsula High School (10/10).
Desirable Location & Neighborhood: Nestled on a picturesque, tree-lined street in the central and highly desirable Los Verdes neighborhood of Rancho Palos Verdes, offering convenient access to amenities.
Excellent School District: Located within the Palos Verdes Peninsula Unified School District, with access to top-rated schools (High School ratings of 10 & 8, Elementary & Middle School ratings of 9).
Value-Add Potential: The home is explicitly described as 'ready for buyers to perform cosmetic upgrades,' presenting a significant opportunity for customization and building equity.
Spacious Lot & Outdoor Space: Features a generous 9007 sqft lot with a large backyard, providing ample space for outdoor living, landscaping, or potential expansion.
Functional Layout & Core Features: Offers a practical Ranch-style layout with 3 spacious bedrooms, 2 baths, a large kitchen, wood-burning fireplace, two-car garage, and a dedicated laundry room.
Cons
Significant Renovation Required: The property requires substantial cosmetic upgrades, implying additional immediate investment beyond the purchase price to modernize and personalize the home.
Lack of Views: Despite its location in Rancho Palos Verdes, the property explicitly states 'View: None,' which can be a notable drawback for buyers seeking premium coastal views.
Potential Overpricing Relative to Condition: The current listing price of $1.6M is higher than the estimated property value of $1.42M, suggesting it may be aggressively priced given the need for extensive cosmetic updates and lack of views.