NOT LISTED FOR SALE

948 Paseo la Cresta Palos Verdes Estates, CA 90274

Estimated Value: $7,230,000 - $8,421,956

6 Beds
8 Baths
9,202 Sq Ft
$857/Sq Ft Est. Value

Highlights

  • White Water Ocean Views
  • Home Theater
  • Midcentury Modern Architecture
  • Montemalaga Elementary School Rated A+
  • 0.83 Acre Lot
  • Main Floor Primary Bedroom

About This Home

As of May 2021

Jaw dropping ocean. coastline, and Catalina views from multiple levels of this over 9,000 Sq Ft home sitting on one of the nicest streets in Palos Verdes Estates. If you are looking for casual CA elegance in a spectacular setting and one of the largest SFRs in the area, this is the one you want to see. And these days when we've all been spending so much time at home there's ample space for work, relaxing, home schooling, hanging out and just about anything else you want to do. Private gated driveway, ocean view tennis court, 3 car garage, multiple living and family rooms, fireplaces, and other amenities make this the ideal estate to lease. It is doubtful you will find another home on the hill with as much space and if you do, it won't have these views.

Last Agent to Rent the Property

Ellis Posner

Ellis Posner Real Estate License #01416970 Listed on: 04/17/2021

Last Renter's Agent

Ellis Posner

Ellis Posner Real Estate License #01416970 Listed on: 04/17/2021

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $58,901

Year Built

  • Built in 1984

Lot Details

  • 0.83 Acre Lot
  • Front Yard
  • Property is zoned PVR1*

Parking

  • 3 Car Direct Access Garage
  • Parking Available

Property Views

  • White Water Ocean
  • Coastline
  • Catalina
  • City Lights
  • Neighborhood

Home Design

  • Midcentury Modern Architecture
  • Contemporary Architecture

Interior Spaces

  • 9,202 Sq Ft Home
  • 2-Story Property
  • Furniture Can Be Negotiated
  • Formal Entry
  • Great Room
  • Family Room
  • Living Room with Fireplace
  • Dining Room
  • Home Theater
  • Laundry Room

Bedrooms and Bathrooms

  • 6 Bedrooms | 1 Primary Bedroom on Main
  • 8 Full Bathrooms

Additional Features

  • Suburban Location
  • Central Heating and Cooling System

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Security Deposit $30,000
  • 12-Month Minimum Lease Term
  • Available 5/1/21
  • Tax Lot 12
  • Tax Tract Number 31329
  • Assessor Parcel Number 7541020013

Home Details

Home Type

Single Family

Est. Annual Taxes

$58,901

Year Built

Built in 1984

Lot Details

0

Parking

3

Rental Info

  • Available Date: 2021-05-01
  • Credit Check Paid By: Tenant
  • Deposit Key: 50
  • Deposit Pets: 500
  • Deposit Security: 30000
  • Furnished: Negotiable
  • Pets Allowed: Call
  • Transfer Fee Paid By: Tenant

Listing Details

  • Structure Type: House
  • Property Attached: No
  • Road Surface Type: Paved
  • View: Yes
  • Zoning: PVR1*
  • Architectural Style: Contemporary, Mid Century Modern
  • Property Sub Type: Single Family Residence
  • Property Type: Residential Lease
  • Parcel Number: 7541020013
  • Year Built: 1984
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 9202.00 Square Feet
  • Stories: 2
  • Common Walls: No Common Walls
  • Full Bathrooms: 8
  • Full And Three Quarter Bathrooms: 8
  • Total Bedrooms: 6
  • Eating Area: Dining Room
  • Fireplace Features: Living Room
  • Levels: Two
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 1
  • Price Per Square Foot: 1.41
  • Room Type: Family Room, Formal Entry, Great Room, Living Room, Main Floor Master Bedroom, Master Bathroom, Master Bedroom, Media Room

Exterior Features

  • View: Catalina, City Lights, Coastline, Neighborhood, Ocean, Water, White Water
  • Pool Private: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Direct Garage Access
  • Total Parking Spaces: 3.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Individual Room
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

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

Schools

  • School District: Palos Verdes Peninsula Unified

Lot Info

  • Additional Parcels: No
  • Lot Features: Front Yard
  • Lot Size Sq Ft: 35980.00
  • Lot Size Acres: 0.8260

Multi Family

  • Insurance Water Furniture: Yes
  • Lease Term: 12 Months
  • Lot Size Area: 35980.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 6703.26
  • Tax Lot: 12
  • Tax Tract Number: 31329

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 30, 2012
Sold by
Din Attiazaz
Bought by
Munawar Waseem
Current Estimated Value
$7,884,739

Purchase Details

Closed on
Apr 14, 2000
Sold by
Din Attiazaz
Bought by
Din Attiazaz and Din Naureen A

Purchase Details

Closed on
Dec 11, 1997
Sold by
Gannam Louise H and Gannam Louise
Bought by
Din Attiazaz and Din Naureen A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,680,000
Interest Rate
7.5%
Mortgage Type
Purchase Money Mortgage
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
Munawar Waseem -- None Available
Din Attiazaz -- None Available
Din Attiazaz -- --
Din Naureen A -- --
Din Attiazaz $2,400,000 Lawyers Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Din Attiazaz $1,680,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/03/2021 05/03/21 Rented $13,000 -13.3% --
04/17/2021 04/17/21 For Rent $15,000 -- --
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 $58,901 $5,171,992 $4,186,854 $985,138
2024 $58,901 $5,070,581 $4,104,759 $965,822
2023 $58,035 $4,971,159 $4,024,274 $946,885
2022 $55,221 $4,873,686 $3,945,367 $928,319
2021 $55,096 $4,778,124 $3,868,007 $910,117
2020 $54,369 $4,729,131 $3,828,346 $900,785
2019 $52,761 $4,636,404 $3,753,281 $883,123
2018 $52,236 $4,545,495 $3,679,688 $865,807
2016 $49,570 $4,368,990 $3,536,802 $832,188
2015 $49,060 $4,303,364 $3,483,676 $819,688
2014 $48,318 $4,219,068 $3,415,436 $803,632
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB21080328

California Regional Multiple Listing Service (CRMLS)

APN: 7541-020-013