CA > Rancho Palos Verdes
Rancho Palos Verdes, CA 90275,5644 Ravenspur Dr
Rancho Palos Verdes, CA 90275,5644 Ravenspur Dr
Rancho Palos Verdes, CA 90275,5644 Ravenspur Dr
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Kirshner Elkin Properties

Kirshner Elkin Properties

+1(424) 214-0133
$25,000,000
Est. payment /mo
95 Beds
96 Baths
55,522 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 55,522 sqft

Price per Sqft $450

MLS Listing ID 25592319

Bedrooms 95

Year Built 1969

Lot Size 1.865 Acres

Acres 0.6142

Property Sub-Type Multi-Family

Property Description

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. In addition, the property is encumbered with an assumable loan of $10,000,000, interest-only at a fixed rate of 5.55% for a little under 5 years, providing immediate access to below-market financing and enhancing the overall investment profile (Call Broker for Financing Details). The property has undergone extensive capital improvements including re-tiling all roofs and new electrical subpanels throughout all units. With four 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 $450 per square foot. It is currently operating at a 3.50% cap rate, with potential to achieve a proforma cap rate of 6.00%. Given the limited supply of multifamily properties in Rancho Palos Verdes, this is a rare generational opportunity to acquire a value-add asset with significant future upside.

Location

State CA

County Los Angeles

Area Crest

Zoning RPRM2000*

Rooms

Other Rooms None

Interior

Heating Radiant

Cooling None

Flooring Vinyl, Carpet

Equipment Range/Oven

Laundry Community

Exterior

Parking Features Carport Attached

Garage Spaces 72.0

Pool Community

Roof Type Flat, Tile

Building

Story 3

Level or Stories Multi/Split

Others

Special Listing Condition Standard

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TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2025 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by BRC Advisors- BH

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