5644 Ravenspur Drive, Rancho Palos Verdes, CA 90275
Local realty services provided by:ERA North Orange County Real Estate
5644 Ravenspur Drive,Rancho Palos Verdes, CA 90275
$23,750,000
- 95 Beds
- 96 Baths
- 55,522 sq. ft.
- Multi-family
- Active
Listed by: john katnik
Office: brc advisors- bh
MLS#:25592319
Source:CRMLS
Price summary
- Price:$23,750,000
- Price per sq. ft.:$427.76
About this home
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 multifamily properties in Rancho Palos Verdes, this is a rare generational opportunity to acquire a value-add asset with significant future upside.
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Home facts
- Year built:1969
- Listing ID #:25592319
- Added:113 day(s) ago
- Updated:December 19, 2025 at 02:27 PM
Rooms and interior
- Bedrooms:95
- Total bathrooms:96
- Living area:55,522 sq. ft.
Heating and cooling
- Heating:Radiant
Structure and exterior
- Roof:Tile
- Year built:1969
- Building area:55,522 sq. ft.
- Lot area:1.86 Acres
Finances and disclosures
- Price:$23,750,000
- Price per sq. ft.:$427.76
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