$120,000

30 Peppertree Drive

Rancho Palos Verdes CA, 90275

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.

Details

MLS#IN20221373
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Days On Site206

Features

ZoningRPOH&E*
Acreage0.18
Water FrontNo
Property ViewYes
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Area Information
StateCA
CountyLos Angeles
CityRancho Palos Verdes
Zip Code90275
Area699 - Not Defined
Listing VS Median (in 90275)
Price:
$120,000
low | high
Med:
$1,164,000
100% of Average
On Site:
206
low | high
Med:
58
100% of Average
Sourced by Back At You
Listing Updated: May 13, 2021 7:16:12 PM PDT
Freyen Santiago LogoMLS Number: IN20221373
Listing Provided By:
Freyen Santiago  of  West Shores Realty
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the California Regional MLS.