4005 Admirable Drive, Rancho Palos Verdes, California 90275, Rancho Palos Verdes, 90275 - 4 bed, 4 bath

4005 Admirable Drive, Rancho Palos Verdes, California 90275 home-pic-0
ACTIVE$2,299,000
4005 Admirable Drive, Rancho Palos Verdes, California 90275
4Beds
4Baths
3,350Sqft
10,320Lot

Price Vs. Estimate

The estimated value ($2,288,110.155) is $10,889.845 (0%) lower than the list price ($2,299,000). This property may be overpriced.

Key pros and cons

Top Pros:
Assumable Low-Interest Loan: A significant financial advantage, buyers can assume the seller's jumbo loan at an exceptionally low 2.25% interest rate with a balance of $1,559,000, resulting in a principal and interest payment of only $6,606.
Top Cons:
Age of Original Construction: Despite extensive remodels, the home was originally built in 1959, which may imply older underlying infrastructure (e.g., plumbing, electrical beyond visible upgrades) that could require future maintenance or updates.

Compared to the nearby listings

Price:$2.30M vs avg $1.90M (+$399,000)69%
Size:3,350 sqft vs avg 2,396 sqft85%
Price/sqft:$686 vs avg $79125%

More Insights

Built in 1959 (66 years old).
Condition: This property, though built in 1959, has undergone an extensive and recent renovation, including a 'newly added master suite,' freshly painted interior/exterior, refinished hardwood floors, and new carpeting throughout. The gourmet kitchen features high-end stainless steel Forno and LG appliances, a large island, and modern white cabinetry. The master bathroom is described as 'spa inspired' with a jacuzzi tub and travertine shower. All visible components appear new or virtually new, meeting current quality standards. While the original construction date is older and central AC is not mentioned, the comprehensive nature of the recent upgrades places this property firmly in the excellent category.
Year Built
1959
Close
-
List price
$2.3M
Original List price
$2.5M
Price/Sqft
$686
HOA
-
Days on market
-
Sold On
-
MLS number
PV25149395
Home ConditionExcellent
Features
Excellent View: Coastline, Neighborhood, Ocean, Panoramic
Deck
Patio
ViewCoastline, Neighborhood, Ocean, Panoramic

About this home

Don't miss out on this gem along with the ability to assume the seller's low interest jumbo loan at 2.25%. Loan has a balance of $1,559,000 and only has 26 years left which is huge. The payment principle with interest is only $6606. Coastal living at its best… steps away from the California coastline with miles of dedicated hiking and walking trails. The stunning 4 bedroom, 4 bathroom remodeled home has 3,350 sq. ft. of living space. Enjoy ocean and Catalina views from the upstairs newly added master suite with attached entertainer's balcony and access to the rear yard. Enter through the dramatic double front doors into a wide foyer that is open to the living room and dining room. Be sure to look up to see the barrel ceiling in the foyer. The gourmet kitchen is an entertainer's delight with large island, stainless Forno industrial range and built-in oversized LG refrigerator/freezer. Don't miss the extensive storage and dramatic finishes. 3 Bedrooms, including a second master suite, are located on the first floor. When you enter the generously sized master suite upstairs, you will enjoy sweeping views up and down the coast and Catalina Island from the double French doors and private balcony. The spa inspired master bathroom with jacuzzi tub and separate travertine shower and sky light has direct access to an outdoor, west-facing cantina and party deck with amazing coastline views. Additional features include freshly painted interior and exterior, refinished hardwood floors, new carpeting thru-out, new front doors, new Pelican water softener, new garage door, freshly landscaped rear grounds. Downstairs you can enjoy indoor/outdoor living with a huge flat, beautiful yard, flagstone patio and an outdoor shower perfect for when you get back from the beach. Walk to The Trump Golf Course with miles of hiking trails and beautiful ocean vistas. Residents have access to the top-ranked Palos Verdes Schools such as Mira Catalina Elementary, Miraleste Intermediate, and your choice from two of the top ranked high schools in California. Minutes away, you can enjoy a game of golf or dine at Terranea Resort. Or take a stroll through one of the many hiking trails, either way you are surrounded by the best of California coastal living. NOTE: This home is NOT in the historical or current land movement area, and there has never been recorded land movement on this side of Sea View. Geological reports of the area are readily available online or through the listing agent.

Nearby schools

8/10
Mira Catalina Elementary School
Public,K-51.0mi
8/10
Miraleste Intermediate School
Public,6-81.8mi
10/10
Palos Verdes Peninsula High School
Public,9-123.4mi
8/10
Palos Verdes High School
Public,9-125.1mi

Price History

Date
Event
Price
10/24/14
Sold
$1,389,000
10/24/07
Sold
$1,360,000
Condition Rating
Excellent

This property, though built in 1959, has undergone an extensive and recent renovation, including a 'newly added master suite,' freshly painted interior/exterior, refinished hardwood floors, and new carpeting throughout. The gourmet kitchen features high-end stainless steel Forno and LG appliances, a large island, and modern white cabinetry. The master bathroom is described as 'spa inspired' with a jacuzzi tub and travertine shower. All visible components appear new or virtually new, meeting current quality standards. While the original construction date is older and central AC is not mentioned, the comprehensive nature of the recent upgrades places this property firmly in the excellent category.
Pros & Cons

Pros

Assumable Low-Interest Loan: A significant financial advantage, buyers can assume the seller's jumbo loan at an exceptionally low 2.25% interest rate with a balance of $1,559,000, resulting in a principal and interest payment of only $6,606.
Prime Coastal Location & Lifestyle: Situated steps from the California coastline, offering miles of hiking trails, proximity to Trump Golf Course, Terranea Resort, and the best of coastal living in Rancho Palos Verdes.
Panoramic Ocean & Catalina Views: The property boasts sweeping panoramic views of the ocean and Catalina Island, particularly from the newly added upstairs master suite and private balcony, enhancing its luxury appeal.
Extensive Remodeling & Upgrades: The home features a stunning remodel including a gourmet kitchen with high-end appliances, freshly painted interior/exterior, refinished hardwood floors, new carpeting, new doors, water softener, and landscaped rear grounds.
Top-Ranked School District: Access to highly-rated Palos Verdes Schools, including Mira Catalina Elementary, Miraleste Intermediate, and a choice of two top-ranked high schools, is a major draw for families.

Cons

Age of Original Construction: Despite extensive remodels, the home was originally built in 1959, which may imply older underlying infrastructure (e.g., plumbing, electrical beyond visible upgrades) that could require future maintenance or updates.
High Property Tax Burden: With a list price of $2.299 million in California, the annual property tax liability will be substantial, adding a significant ongoing cost to homeownership despite the attractive loan assumption.
Absence of Central Air Conditioning: The property description does not mention a cooling system (e.g., central AC), which could be a notable omission for a luxury home in Southern California and may require future investment for buyer comfort.

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