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$ 23,750,000
Est. payment /mo
Active
5644 Ravenspur Drive Rancho Palos Verdes, CA 90275
55,522 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 55,522 sqft
Price per Sqft $427
MLS Listing ID CL25592319
HOA Y/N No
Year Built 1969
Lot Size 1.865 Acres
Acres 1.86
Property Sub-Type Other
Property Description
Over $1M Price Reduction! 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 apartment unit. The current unit mix includes 1 studio/1 bathroom unit, 1 one-bedroom/1 bathroom unit, 28 two-bedroom/1.5 bathroom townhome units, 13 two-bedroom/2 bathroom units and 6 two-bedroom/2 bathroom townhome units. Residents enjoy ample on-site parking, laundry facilities, and a beautiful swimming pool. Attractive assumable loan!! Call for details! The property has undergone extensive capital improvements including re-tiling all roofs and new electrical subpanels throughout all units. With 5 current vacancies and rental rates below market value for many of the occupied units, there is a substantial opportunity to increase income through strategic renovations. The property is offered at an attractive $428 per square foot. It is currently operating at a 3.80% cap rate, with potential to achieve a proforma cap rate of 6.37%. Given the limited supply of multifami
Location
State CA
County Los Angeles
Zoning RPRM
Interior
Heating Radiant
Cooling None
Flooring Vinyl, Carpet
Fireplace No
Laundry Common Area
Building
New Construction No
Others
Tax ID 7589006006
© 2025 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Listed by John Katnik • BRC Advisors- BH