NOT LISTED FOR SALE

Estimated Value: $2,467,000 - $3,214,000

11 Beds
7 Baths
4,080 Sq Ft
$675/Sq Ft Est. Value

Last Sold April 27, 2021

Last sale price $1,825,000 $447 Per Sq Ft

Est. 43% increase in value since last sale

Current estimated payment $16,158/month

91 Days on Market

Highlights

  • City Lights View
  • 0.48 Acre Lot
  • Bonus Room
  • Dapplegray Elementary School Rated A+
  • Living Room with Fireplace
  • Great Room

About This Home

As of April 2021

Fantastic Opportunity in Prime Rancho Palos Verdes Neighborhood w/ Amazing City Views! This estate, sitting on a huge lot of almost 21,000 square feet, was previously used as an elderly care facility. The existing structure is ready to be reimagined into a spectacular single family residence! Current existing layout consists of 11 bedrooms, each with exterior access. Main house includes living room, kitchen, dining area, 7 bedrooms & 3 bathrooms. Additional structure has remaining 4 bedrooms. Oversized covered patio & huge backyard w/ panoramic views (w/ room for a pool) - perfect for entertaining. A unique opportunity not to be missed!

Last Agent to Sell the Property

Oliver Moussa

Revilo Realty, Inc. License #01721353 Listed on: 12/14/2020

Last Buyer's Agent

Niki King

Niki King, Broker License #01244064

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $22,256

Year Built

  • Built in 1958

Lot Details

  • 0.48 Acre Lot
  • Lot Dimensions are 112x179
  • Property is zoned RPRS20000&

Parking

  • 3 Parking Spaces

Interior Spaces

  • 4,080 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Great Room
  • Family Room
  • Living Room with Fireplace
  • Dining Room
  • Den
  • Library
  • Bonus Room
  • Center Hall
  • City Lights Views

Kitchen

  • Breakfast Area or Nook
  • Oven or Range
  • Microwave
  • Dishwasher

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 7 Full Bathrooms

Laundry

  • Laundry Room
  • Gas Dryer Hookup

Additional Features

  • Covered patio or porch
  • Central Heating and Cooling System

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 7568-019-001

Home Details

Home Type

Single Family

Est. Annual Taxes

$22,256

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Ranch
  • Street Number Display: Yes
  • Living Area: 4080
  • Lot Acreage: 0.4833
  • Lot Dimensions: 112x179
  • Stories: 1
  • Year Built: 1958
  • Number Of Photos: 29
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Fireplace Rooms: Living Room
  • Flooring: Laminate, Tile
  • Bedrooms: 11
  • Full Bathroom: 7
  • Half Bathroom: 0
  • Common Walls: Detached/No Common Walls
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Dining Room: 1
  • Family Room: 1
  • Laundry: Inside
  • Total Bathrooms: 7.00
  • Den: 1
  • Equipment: Ceiling Fan, Dishwasher, Gas Dryer Hookup, Microwave, Range/Oven
  • Price Per S Q F T: 428.92

Exterior Features

  • Other Structures: None
  • Pool: No
  • Spa Yn: No
  • View: City, City Lights
  • View: Yes

Garage/Parking

  • Parking Garage: Garage - 2 Car
  • Total Parking: 3

Utilities

  • Cooling: Central
  • Heating: Central

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Assessor Parcel Number: 7568-019-001
  • Lot Size Area: 21051

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 14, 2020
Closed on
Mar 18, 2021
Sold by
Velasquez Juan C
Bought by
Phan Peter and Le Lien
Seller's Agent
Oliver Moussa
Revilo Realty, Inc.
Buyer's Agent
Niki King
Niki King, Broker
List Price
$1,895,000
Sold Price
$1,825,000
Premium/Discount to List
-$70,000
-3.69%
Current Estimated Value
$2,612,332

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$787,332
Avg. Annual Appreciation
10.08%
Original Mortgage
$1,277,500
Outstanding Balance
$1,156,831
Interest Rate
3.05%
Mortgage Type
New Conventional
Estimated Equity
$1,598,949

Purchase Details

Closed on
Jan 26, 2018
Sold by
Velasquez Neome D
Bought by
Velasquez Juan C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,260,000
Interest Rate
3.95%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Dec 19, 2017
Sold by
Delacruz Gilda N
Bought by
Delacruz Dom B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,260,000
Interest Rate
3.95%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Nov 27, 2013
Sold by
Delacruz Dom B
Bought by
Velasquez Juan C and Velasquez Neome D

Purchase Details

Closed on
Mar 2, 2011
Sold by
Velasquez Juan C
Bought by
Delacruz Dom B

Purchase Details

Closed on
Dec 18, 2008
Sold by
22 Cayuse Lane Llc
Bought by
Velasquez Juan C and Velasquez Neome D

Purchase Details

Closed on
Sep 18, 2007
Sold by
Velasquez Juan C
Bought by
Velasquez Juan C and Velasquez Neome D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,020,000
Interest Rate
7.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 29, 2007
Sold by
Velasquez Juan C
Bought by
22 Cayuse Lane Llc

Purchase Details

Closed on
Mar 22, 2006
Sold by
Velasquez Juan C
Bought by
Velasquez Juan C and Velasquez Neome D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$815,000
Interest Rate
6.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 27, 2001
Sold by
Velasquez Juan C
Bought by
Velasquez Juan C and Velasquez Neome D

Purchase Details

Closed on
May 3, 1999
Sold by
Parsa Parviz Tr Parviz Parsa Trust
Bought by
Velasquez Juan C and Velasquez Neome D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$70,000
Interest Rate
6.92%
Mortgage Type
Stand Alone Second
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Phan Peter $1,825,000 Stewart Title Of Ca Inc
Velasquez Juan C -- First American Title Company
Delacruz Dom B -- None Available
Velasquez Juan C -- None Available
Delacruz Dom B $110,909 None Available
Velasquez Juan C -- None Available
Velasquez Juan C -- None Available
22 Cayuse Lane Llc -- None Available
Velasquez Juan C -- New Century Title Company
Velasquez Juan C -- New Century Title Company
Velasquez Juan C -- --
Velasquez Juan C $600,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Phan Peter $1,277,500
Previous Owner Velasquez Juan C $50,000
Previous Owner Velasquez Juan C $1,260,000
Previous Owner Velasquez Juan C $924,000
Previous Owner Velasquez Juan C $1,020,000
Previous Owner Velasquez Juan C $815,000
Previous Owner Velasquez Juan C $740,000
Previous Owner Velasquez Juan C $75,000
Previous Owner Velasquez Juan C $70,000
Previous Owner Velasquez Juan C $480,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/27/2021 04/27/21 Sold $1,825,000 +4.3% $447 / Sq Ft
03/15/2021 03/15/21 Pending -- -- --
02/26/2021 02/26/21 Price Changed $1,749,995 0.0% $429 / Sq Ft
02/11/2021 02/11/21 Price Changed $1,750,000 -2.7% $429 / Sq Ft
01/25/2021 01/25/21 Price Changed $1,799,000 -2.5% $441 / Sq Ft
01/08/2021 01/08/21 Price Changed $1,845,000 -2.6% $452 / Sq Ft
12/28/2020 12/28/20 Price Changed $1,894,995 0.0% $464 / Sq Ft
12/14/2020 12/14/20 For Sale $1,895,000 -- $464 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $22,256 $1,975,436 $1,501,007 $474,429
2024 $22,256 $1,936,703 $1,471,576 $465,127
2023 $21,854 $1,898,729 $1,442,722 $456,007
2022 $22,571 $1,861,500 $1,414,434 $447,066
2021 $18,935 $1,662,513 $969,423 $693,090
2020 $18,672 $1,645,467 $959,483 $685,984
2019 $18,102 $1,613,204 $940,670 $672,534
2018 $17,823 $1,581,574 $922,226 $659,348
2016 $16,917 $1,520,162 $886,416 $633,746
2015 $16,913 $1,497,329 $873,102 $624,227
2014 $16,682 $1,468,000 $856,000 $612,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 20-670666

The MLS

APN: 7568-019-001