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Rancho Palos Verdes, CA Multifamily Home for Sale

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    $25,000,000

    • 95 Beds
    • 96 Baths
    • 55,522 Sq Ft

    5644 Ravenspur Dr, Rancho Palos Verdes, CA 90275

    We are excited to present the Peninsula Villas, a unique apartment opportunity in the highly desirable coastal community of Rancho Palos Verdes. This rare property offers significant value-add potential in one of Southern California's most sought-after locations. The Peninsula Villas is located at 5644 Ravenspur Dr and spans two acres with a total of 48 apartment units plus 1 non-conforming

    John Katnik BRC Advisors- BH

    5644 Ravenspur Dr, Rancho Palos Verdes, CA 90275

Why Live in Rancho Palos Verdes

Rancho Palos Verdes, CA, locally known as RPV, is a residential area situated at the southern end of Los Angeles County's South Bay. This community is perched atop the hills of the Palos Verdes Peninsula, offering expansive views of the Pacific Ocean and a sense of seclusion from nearby bustling areas like Torrance and the Port of LA. The Palos Verdes Peninsula Unified School District is highly rated, making it a significant draw for families. Palos Verdes Peninsula High is among the top public high schools in California. The hilly terrain provides spacious lots and numerous parks, with the Palos Verdes Nature Preserve offering nearly 1,500 acres of natural space across 11 reserves, including the Portuguese Bend Reserve. Residents enjoy outdoor activities such as hiking and golfing, with stunning ocean views from places like Vicente Bluffs Reserve and Los Verdes Golf Course. The Point Vicente Interpretive Center and Lighthouse are popular attractions for whale watching. Commercial activity is limited, with shopping centers like Golden Cove Center and The Promenade PV providing essential services. The Terranea Resort offers waterfront dining options. Commuting to downtown Los Angeles takes about 30 miles via Interstate 110, and Los Angeles International Airport is less than 20 miles away. Rancho Palos Verdes has lower crime rates compared to the national average, though it faces moderate wildfire risks, necessitating precautionary measures for residents. Homes in RPV are primarily suburban, featuring Spanish Revival and Mediterranean styles, many built in the 1960s and 1970s, with opportunities for upgrades.

Home Trends in Rancho Palos Verdes, CA

Housing Trends

Median Sale Price
$1,740,000
Median Single Family Sale Price
$1,941,500
Median Townhouse Sale Price
$1,655,625
Median 2 Bedroom Sale Price
$785,000
Median 1 Bedroom Sale Price
$599,500
Average Price Per Sq Ft
$802
Number of Homes for Sale
145
Last 12 months Home Sales
389
Months of Supply
4.50
Median List Price
$1,888,888
Median Change From 1st List Price
4%
Median Home Sale Price YoY Change
-1%
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