30 Peppertree Drive
Rancho Palos Verdes, CA 90275
Lot Size: 7844 sq.ft.
MLS# IN20221373
Neighborhood: 699 - Not Defined
Active | Offered at $120,000

Troy Palmquist

DRE# 01772139

Property Description

BUY AND HOLD OPPORTUNITY: the land is NOT BUILDABLE per City restrictions due to land movement in the area. Located in the private community of Portugese Bend, just several minutes drive to Terranea Resort and architectural wonder Wayfarer Chapel, is this vacant piece of land with amazing bluff and ocean views. This parcel is right next to a property (1 Limetree Ln) that recently sold for $1.55 million. It is also two houses west of another property (26 Peppertree Dr) that sold for $1.3 million last year. The land is in between 1 Limetree (with the house) and 3 Tangerine, which is a vacant land as well that is being graded (Owner placed Not for Sale signs). Lengthwise, this land is the same length as the two properties on both sides. No surveys have been done. Assessor data shows dimensions for this rectangular lot at 53 ft x 148 ft for a total area of 7,844 sqft. Measurement starts from the middle of the street. It is flat land as you enter from the street (possible parking), slopes down, slopes up, and flattens out towards the end. Land can be graded, just like what is being done to the vacant land next to it. Possible current uses include a garden and a viewing deck (See photos for rendering). Think of it as an extension of your backyard where you can just sit, relax, have coffee, and enjoy the views and nature... meditate/do yoga... or host a family picnic.
Listing Provided By
Freyen Santiago, West Shores Realty
Based on information from California Regional Multiple Listing Service, Inc. as of July 23, 2021. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
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