Water Views
Address
30 Peppertree Drive Rancho Palos Verdes, CA
Price
$ 120,000
Property Attributes
  • MLS#IN20221373
  • TypeLand
  • CountyLOS ANGELES
  • CityRancho Palos Verdes
  • Zip90275
  • Style
  • Price$ 120,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size7,844 SqFt
Listing Provided Courtesy Of:
Freyen Santiago with West Shores Realty.
Data Source:
CRMLS
Property Description

BUY AND HOLD OPPORTUNITY: the land is NOT BUILDABLE per City restrictions due to land movement in the area. Located in the private community of Portugese Bend, just several minutes drive to Terranea Resort and architectural wonder Wayfarer Chapel, is this vacant piece of land with amazing bluff and ocean views. This parcel is right next to a property (1 Limetree Ln) that recently sold for $1.55 million. It is also two houses west of another property (26 Peppertree Dr) that sold for $1.3 million last year. The land is in between 1 Limetree (with the house) and 3 Tangerine, which is a vacant land as well that is being graded (Owner placed Not for Sale signs). Lengthwise, this land is the same length as the two properties on both sides. No surveys have been done. Assessor data shows dimensions for this rectangular lot at 53 ft x 148 ft for a total area of 7,844 sqft. Measurement starts from the middle of the street. It is flat land as you enter from the street (possible parking), slopes down, slopes up, and flattens out towards the end. Land can be graded, just like what is being done to the vacant land next to it. Possible current uses include a garden and a viewing deck (See photos for rendering). Think of it as an extension of your backyard where you can just sit, relax, have coffee, and enjoy the views and nature... meditate/do yoga... or host a family picnic.

Price History
10/21/2020 Listed $225,000
1/7/2021 2% - $222,000
3/21/2021 8% - $205,000
3/27/2021 5% - $195,000
3/31/2021 4% - $188,000
4/5/2021 21% - $150,000
4/19/2021 7% - $140,000
4/22/2021 4% - $135,000
5/10/2021 12% - $120,000

General Features

Association Name Portugese Bend Community Association
Association Y/N Yes
Community Features Stable(s)
HOA Fee 17
HOA Fee Frequency Annually
Listing Agent Freyen Santiago - BRE#01955193
Listing Agent State License 01955193
MLS Area 699 - Not Defined
Property Type Land
Special Listing Conditions Standard
Terms Cash, Cash to Existing Loan, Cash to New Loan
View Bluff, Catalina, Ocean
Zoning RPOH&E*

Exterior Features

Lot Features Sloped Down, Rectangular Lot, Street Level
Lot Size Acres 0.18
Lot Size Area 7844
Lot Size Source Assessor
Lot Size Square Feet 7844
Lot Size Units Square Feet
View Y/N Yes
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Land Average in 90275

Price
AVG $910K
$120K
Visits
AVG 107
211

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