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.