$663,000 - $750,000
RENTED JUN 2, 2025

5937 Armaga Spring Rd Unit N Rancho Palos Verdes, CA 90275

2 Beds
2 Baths
1,071 Sq Ft
4.95 Acres

Last Sold January 11, 2024

Last sale price $670,000 $626 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $3,933/month

Highlights

  • In Ground Pool
  • Primary Bedroom Suite
  • 4.95 Acre Lot
  • Montemalaga Elementary School Rated A+
  • View of Trees or Woods
  • Open Floorplan

About This Home

As of March 2024

Step into a bright upgraded and tastefully remodeled with many upgrades and spacious ground level condo with two bedrooms and two baths. Tranquil location in rear of complex with open floor plan harmonious design of spacious rooms, bathrooms, dining, kitchen and living area. It is designed to invite abundance of natural light throughout the space with all new dual pane windows and sliding doors. In addition to Newly equipped Range, Dishwasher, built in Microwave, new water heater, and separated area with washer/dryer hookup. Adjacent to the spacious living room, a private balcony is a perfect addition for relaxation. Two designated parking spots: one right in front of the unit for easy loading and unloading and one inside subterranean parking structure. The community offers a beautifully maintained pool and cooking area for gatherings. Walking distance to award winning Ridgecrest Intermediate school and Peninsula High school. Minutes to shopping, beaches, golf courses, and hiking trails.

Last Agent to Rent the Property

Jessica Kim

Estate Properties License #02046201 Listed on: 02/22/2024

Estate Properties

Last Renter's Agent

Jessica Kim

Estate Properties License #02046201 Listed on: 02/22/2024

Estate Properties

Condo Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,149

Year Built

  • Built in 1969

Lot Details

  • No Units Located Below
  • 1 Common Wall

Parking

  • 1 Car Garage

Home Design

  • Entry on the 1st floor

Interior Spaces

  • 1,071 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Living Room Balcony
  • Formal Dining Room
  • Views of Woods
  • Laundry Room

Kitchen

  • Eat-In Kitchen
  • Electric Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • Primary Bedroom Suite
  • Walk-In Closet
  • Remodeled Bathroom
  • 2 Full Bathrooms
  • Bathtub with Shower

Schools

  • Ridgecrest Middle School

Utilities

  • Space Heater
  • Radiant Heating System
  • Water Heater

Additional Features

  • Accessible Parking
  • In Ground Pool

Listing and Financial Details

  • Security Deposit $5,000
  • Rent includes association dues, trash collection, water
  • 12-Month Minimum Lease Term
  • Available 2/17/24
  • Tax Lot 1
  • Tax Tract Number 31249
  • Assessor Parcel Number 7587009004

Community Details

Overview

  • Property has a Home Owners Association
  • 98 Units

Recreation

  • Community Pool

Pet Policy

  • Call for details about the types of pets allowed

Condo Details

Home Type

Condominium

Est. Annual Taxes

$2,149

Year Built

Built in 1969

Lot Details

0

Parking

1

Rental Info

  • Cashiers Check: 1ST Month Rent, Security Deposit
  • Available Date: 2024-02-17
  • Credit Check: Yes
  • Credit Check Paid By: Tenant
  • Deposit Key: 100
  • Deposit Security: 5000
  • Furnished: Unfurnished
  • Pets Allowed: Call

Listing Details

  • Structure Type: Multi Family
  • Assessments: No
  • Property Attached: Yes
  • View: Yes
  • Zoning: RPRS10000*
  • Property Sub Type: Condominium
  • Property Type: Residential Lease
  • Parcel Number: 7587009004
  • Year Built: 1969
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 1071.00 Square Feet
  • Interior Amenities: Living Room Balcony, Open Floorplan
  • Stories: 1
  • Entry Location: ground
  • Common Walls: 1 Common Wall, No One Below
  • Accessibility Features: Parking
  • Appliances: Yes
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 2
  • Total Bedrooms: 2
  • Eating Area: Area, Separated
  • Entry Level: 1
  • Levels: One
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 2
  • Price Per Square Foot: 3.22
  • Room Type: All Bedrooms Down, Kitchen, Main Floor Bedroom, Main Floor Primary Bedroom, Primary Suite, Walk-In Closet
  • Bathroom Features: Shower In Tub, Remodeled

Exterior Features

  • View: Trees/Woods
  • Pool Features: Community, In Ground
  • Pool Private: No

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 1.00
  • Total Parking Spaces: 1.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Electric Range, Microwave, Water Heater
  • Heating Type: Radiant, Space Heater
  • Laundry Features: In Closet
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: Yes
  • Senior Community: No
  • Community Features: Curbs

Schools

  • School District: Palos Verdes Peninsula Unified
  • Middle School: Ridgecrest
  • Middle Or Junior School: Ridgecrest

Lot Info

  • Additional Parcels: No
  • Lot Size Sq Ft: 215417.00
  • Lot Size Acres: 4.9453

Multi Family

  • First Repairs: 75
  • Insurance Water Furniture: Yes
  • Lease Term: 12 Months
  • Lot Size Area: 215417.0000 Square Feet
  • Management Co: Armaga Spring
  • Management Co Phone: 310-370-2696
  • Number Of Units In Community: 98
  • Number Of Units Total: 98
  • Rent Includes: Association Dues, Trash Collection, Water

Tax Info

  • Tax Census Tract: 6704.07
  • Tax Lot: 1
  • Tax Tract Number: 31249

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 27, 2023
Closed on
Dec 29, 2023
Sold by
2005 Effros Family Trust
Bought by
Kwon Living Trust and Kwon
Seller's Agent
Phyllis Weitzman
Estate Properties
Buyer's Agent
Jessica Kim
Estate Properties
List Price
$659,000
Sold Price
$670,000
Premium/Discount to List
$11,000
1.67%
Views
51
Current Estimated Value
$694,306

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$24,306
Avg. Annual Appreciation
2.18%
Original Mortgage
$270,000
Outstanding Balance
$265,749
Interest Rate
7.22%
Mortgage Type
New Conventional
Estimated Equity
$428,557

Purchase Details

Closed on
Sep 30, 2005
Sold by
Effros Richard M and Effros Gail H
Bought by
Effros Richard M and Effros Gail H
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
Kwon Living Trust $675,000 Progressive Title
Effros Richard M -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kwon Living Trust $270,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/02/2025 06/02/25 Rented $3,550 0.0% --
05/03/2025 05/03/25 For Rent $3,550 +2.9% --
03/14/2024 03/14/24 Rented $3,450 -2.8% --
02/22/2024 02/22/24 For Rent $3,550 0.0% --
01/11/2024 01/11/24 Sold $670,000 +1.7% $626 / Sq Ft
12/10/2023 12/10/23 Pending -- -- --
11/27/2023 11/27/23 For Sale $659,000 -- $615 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $2,149 $688,500 $498,576 $189,924
2024 $2,149 $113,136 $50,790 $62,346
2023 $2,114 $110,919 $49,795 $61,124
2022 $2,025 $108,745 $48,819 $59,926
2021 $1,988 $106,613 $47,862 $58,751
2019 $1,911 $103,453 $46,444 $57,009
2018 $1,871 $101,426 $45,534 $55,892
2016 $1,770 $97,490 $43,767 $53,723
2015 $1,776 $96,027 $43,110 $52,917
2014 $1,763 $94,147 $42,266 $51,881
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PV24033033

California Regional Multiple Listing Service (CRMLS)

APN: 7587-009-004