NOT LISTED FOR SALE

Estimated Value: $3,248,000 - $3,707,000

1.21 Acres
$2,829,802 Price per Acre
52,708 Sq Ft Lot

Last Sold January 06, 2022

Last sale price $2,750,000

Est. 25% increase in value since last sale

Current estimated payment $21,292/month

156 Days on Market

Highlights

  • Ocean View
  • 1.21 Acre Lot
  • Cul-De-Sac
  • Point Vicente Elementary School Rated A+
  • Property is near a clubhouse

About This Lot

As of January 2022

View! View! View! Build your dream mansion with Panoramic Catalina, Ocean and endless Sunset views on this huge 52,529 square feet lot! Rare opportunity to acquire one of the very few lots left in the most exclusive Lunada Pointe community of Palos Verdes Peninsula. This huge 1.21 Acre land has a large, flat building pad. Situated in the most private and secluded location in Lunada Pointe adjacent to a mansion and community tennis court, protected by two private iron gates. All houses in this community are exclusive multi-million dollar homes. Enjoy top PV schools and close proximity to Golden Cove Shopping Center, Terranea Resort, Trump National Golf Club, and many walking trails along the beautiful Ocean Bluff.

Last Agent to Sell the Property

Stephen Haw

Keller Williams Palos Verdes License #00808646 Listed on: 07/05/2021

Keller Williams Palos Verdes

Last Buyer's Agent

Stephen Haw

Keller Williams Palos Verdes License #00808646 Listed on: 07/05/2021

Keller Williams Palos Verdes

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $31,628

Lot Details

  • 1.21 Acre Lot
  • Property fronts a private road
  • Cul-De-Sac
  • Value in Land
  • Property is zoned RPOH

Property Views

  • Ocean
  • Catalina
  • Panoramic

Location

  • Property is near a clubhouse
  • Suburban Location

Community Details

  • Property has a Home Owners Association

Listing and Financial Details

  • Tax Tract Number 40640
  • Assessor Parcel Number 7582001020

Property Details

Property Type

Land

Est. Annual Taxes

$31,628

Lot Details

0

Listing Details

  • Current Use Comments: Vacant Land
  • Ingress Egress: Yes
  • Possible Use Comments: Single Family Residence
  • Road Frontage Type: City Street, Private Road
  • Road Surface Type: Paved
  • View: Yes
  • Zoning: RPOH
  • Property Type: Land
  • Parcel Number: 7582001020
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Price Per Square Foot: 52.17

Exterior Features

  • View: Catalina, Ocean, Panoramic

Utilities

  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Close to Clubhouse, Cul-De-Sac, Lot Over 40000 Sqft, Value In Land
  • Lot Size Sq Ft: 52707.60
  • Lot Size Acres: 1.2100

Multi Family

  • Lot Size Area: 1.2100 Acres

Tax Info

  • Tax Tract Number: 40640

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 29, 2023
Sold by
Li Jiangang and Jin Yu
Bought by
26 B4 Llc
Current Estimated Value
$3,424,061

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,660,800
Interest Rate
6.09%
Mortgage Type
Construction

Purchase Details

Listed on
Jul 5, 2021
Closed on
Dec 13, 2021
Sold by
Kwong Godwin
Bought by
Li Jiangang and Jin Yu
Seller's Agent
Stephen Haw
Keller Williams Palos Verdes
Buyer's Agent
Stephen Haw
Keller Williams Palos Verdes
List Price
$3,000,000
Sold Price
$2,750,000
Premium/Discount to List
-$250,000
-8.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.30%

Purchase Details

Closed on
Feb 23, 2007
Sold by
Kwong Peggy Kar Kai and Kwong Living Trust
Bought by
Kwong Holding Lp

Purchase Details

Closed on
Jul 20, 2006
Sold by
Kwong Allan Hing Chuen and Kwong Peggy Kar Kai
Bought by
Kwong Peggy Kar Kai and Kwong Living Trust

Purchase Details

Closed on
Mar 29, 2005
Sold by
Linswood Enterprises Llc
Bought by
Kwong Allan Hing Chuen and Kwong Peggy Kar Kai

Purchase Details

Closed on
Apr 18, 2002
Sold by
Ma Davis
Bought by
Linswood Enterprises Llc
Source: Public Records

Range of Values:

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Average Value
Not Available
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
26 B4 Llc $3,326,000 Progressive Title Company
Li Jiangang $2,750,000 Progressive Title
Kwong Edwin Chun Yuen -- Progressive Title
Kwong Godwin -- Progressive Title
Kwong Holding Lp -- None Available
Kwong Peggy Kar Kai -- None Available
Kwong Allan Hing Chuen $2,400,000 Lawyers Title Company
Linswood Enterprises Llc $1,350,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner 26 B4 Llc $2,660,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/06/2022 01/06/22 Sold $2,750,000 -8.3% --
12/08/2021 12/08/21 Pending -- -- --
07/05/2021 07/05/21 For Sale $3,000,000 -- --
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 $31,628 $3,326,000 $3,326,000 --
2024 $31,628 $2,861,100 $2,861,100 --
2023 $31,187 $2,805,000 $2,805,000 $0
2022 $33,796 $3,152,445 $3,152,445 $0
2021 $33,719 $3,090,633 $3,090,633 $0
2019 $32,232 $2,998,964 $2,998,964 $0
2018 $32,173 $2,940,161 $2,940,161 $0
2016 $30,674 $2,825,992 $2,825,992 $0
2015 $30,374 $2,783,543 $2,783,543 $0
2014 $29,945 $2,729,018 $2,729,018 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PV21105272

California Regional Multiple Listing Service (CRMLS)

APN: 7582-001-020