2404 Via Campesina , Palos Verdes Estates, CA 90274
Palos Verdes Estates, CA 90274
Description
Pride of Ownership is what you will find with this beautiful 8-unit income property that is located in one of the most prestigious neighborhoods in LA, Malaga Cove, in the heart of Palos Verdes Estates! Income properties like these rarely come on the market (only 26 multi-family properties are available in Palos Verdes) and even more rare is finding one in this completely remodeled condition and location! The property is adjacent to the Malaga Cove Library and steps away from the Malaga Cove Plaza and the beach. This beautiful coastal community is an upscale area that overlooks the ocean reminiscent of the South of France. You will find stunning multi-million dollar homes on the peninsula, a highly rated school district and an enclave that attracts celebrities to live and play in this beautiful community! 2404 and 2412 Via Campesina are made up of two 4-unit properties being sold together as one. They consist of eight 1 Bedroom 1 Bath units with upside in rents with a total rentable living area of 6,278 sq ft on a massive combined 14,406 sq ft lot. Current ownership has invested over a half a million dollars into the property since purchased and has made it a pride of the cove. As we have seen, opportunities to own a trophy property like this don't come around everyday! Also, keep in mind with Assembly Bill 1211 that went into effect on Jan. 1st, 2025, ADU allowances are now allowed on multifamily zoned properties. The bill permits up to eight detached ADUs, as long as the number does not exceed the existing units within the property and allows ADUs to be built in existing uncovered parking areas without requiring off-street replacement parking.
Details
| MLS# | 25491887 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1954 |
| Days On Site | 73 |
| Listing Provided By | RPM Realty, Inc. 424-281-3700 | Deborah Naumovski |
Features
| SQ Feet | 6,278 |
|---|---|
| Story(s) | 2 |
| Units | 8 |
| Building(s) | 2 |
| Zoning | PVRMYY |
| Acreage | 0.33 |
Market Activity 90274
Request a showing
Request a showing
Contact
Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Palos Verdes Estates |
| Zip Code | 90274 |
| Area | 163 Malaga Cove |
| Listing VS Median (In 90274) | |
Price: $6,998,000 low | high Med: $2,800,000 SqFt: 6,278 low | high Med: 3,091 $ / SqFt: $1,115 low | high Med: $907 On site: 73 low | high Med: 45.000000 | |