$4,416,000
SOLD AUG 27, 2025

2486 Vía Campesina Palos Verdes Estates, CA 90274

5 Beds
4 Baths
8,550 Sq Ft
0.33 Acres

Recently Sold

$516 Per Sq Ft

32% Below List Price

92 Days on Market

Highlights

  • Ocean View
  • Property is near public transit
  • No HOA
  • Montemalaga Elementary School Rated A+
  • Traditional Architecture
  • 4-minute walk to Civic Center Park

About This Home

As of August 2025

Great price reduction on an exceptional opportunity to own a beautifully maintained gated income property in the heart of Malaga Cove! Just steps to the iconic Malaga Cove Library and charming Malaga Cove Plaza. Wide-open outdoor space with some ocean views. Four of the units have huge private patios with neighborhood and ocean views. Ten units in total, consisting of 6 two-bedroom one baths, 3 one-bedroom one bath, and 1 two-bedroom two bath owners' unit. Each unit has a one-car garage and one car parking space in front of the garage. The property has a good-sized community laundry room. The location is exceptional, with a scenic walking trail to the beach and the Hollywood Riviera. Excellent school district.

Whether you choose to keep it as-is or renovate for premium market rents, this property offers strong income potential and excellent long-term upside.

Last Agent to Sell the Property

Lynn Lord

Estate Properties Brokerage Phone: 310-493-7016 License #00932611 Listed on: 04/30/2025

Estate Properties

Co-Listed By

Rebecca Salzetti

Estate Properties Brokerage Phone: 310-493-7016 License #00699142

Last Buyer's Agent

Steven Mullins

Vista Sotheby’s International Realty License #01487977

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1954

Lot Details

  • 0.33 Acre Lot
  • Two or More Common Walls
  • Brick Fence

Parking

  • 10 Car Garage

Property Views

  • Ocean
  • Neighborhood

Home Design

  • Traditional Architecture
  • Apartment
  • Entry on the 2nd floor
  • Spanish Tile Roof
  • Stucco

Interior Spaces

  • 8,550 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Location

  • Property is near public transit

Utilities

  • Forced Air Heating System
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Legal Lot and Block 16 / 1621
  • Tax Tract Number 6885
  • Assessor Parcel Number 7539021007
  • Seller Considering Concessions

Community Details

Overview

  • No Home Owners Association
  • 10 Units

Amenities

  • Laundry Facilities

Building Details

  • 10 Leased Units
  • 12 Separate Electric Meters
  • 10 Separate Gas Meters
  • 1 Separate Water Meter
  • Net Operating Income $230,034

Property Details

Home Type

Multi-Family

Year Built

Built in 1954

Lot Details

0

Parking

10

Listing Details

  • Assessments: No
  • CapRate: 3.50
  • Other Phone Number: 3104937016
  • Price Per Unit: 550000
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • View: Yes
  • Zoning: PVRM*
  • Architectural Style: Traditional
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 7539021007
  • Year Built: 1954
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 2
  • Entry Location: 2nd floor
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Tile
  • Entry Level: 2
  • Levels: Two
  • Price Per Square Foot: 516.49

Exterior Features

  • View: Neighborhood, Ocean
  • Fence: Yes
  • Fencing: Brick
  • Pool Private: No
  • Roof: Spanish Tile
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 10.00
  • Total Parking Spaces: 10.00

Utilities

  • Utilities: Electricity Available, Natural Gas Available
  • Heating: Yes
  • Laundry: Yes
  • Electric: Electricity - On Property
  • Heating Type: Forced Air, Wall Furnace
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Amenities: Call for Rules
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Near Public Transit
  • Lot Size Sq Ft: 14409.00
  • Lot Size Acres: 0.3308

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Multiplier: 19.00
  • Gross Scheduled Income: 328620.00
  • Lot Size Area: 14409.0000 Square Feet
  • Net Operating Income: 230034.00
  • Number Of Separate Electric Meters: 12
  • Number Of Separate Gas Meters: 10
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 10
  • Number Of Units Total: 10
  • Number With Carpet: 10
  • Number With Dishwasher: 1
  • Number With Disposal: 10
  • Number With Patio: 4
  • Number With Range: 10
  • Operating Expense: 98000.00
  • Rent Control: No
  • Total Actual Rent: 19780.00

Tax Info

  • Tax Block: 1621
  • Tax Census Tract: 6703.24
  • Tax Lot: 16
  • Tax Tract Number: 6885

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/27/2025 08/27/25 Sold $4,416,000 -19.7% $516 / Sq Ft
07/31/2025 07/31/25 Pending -- -- --
07/07/2025 07/07/25 Price Changed $5,500,000 -8.3% $643 / Sq Ft
06/21/2025 06/21/25 Price Changed $6,000,000 -3.2% $702 / Sq Ft
05/22/2025 05/22/25 Price Changed $6,200,000 -4.6% $725 / Sq Ft
04/30/2025 04/30/25 For Sale $6,500,000 -- $760 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PV25095628

California Regional Multiple Listing Service (CRMLS)