7 Clipper Road is a rare four-unit offering in the heartof Rancho Palos Verdes. Perfect for investors or owner-occupants, this seaside property sits on agenerous 7,282 sq ft lot just one block from the Pacific Ocean, boasting panoramic views of thebay and surrounding cliffs. The 4,457 sq ft building features an exceptional unit mix: (1) Four Bed / Two Bath, (1) Two Bed / Two Bath, and (2) One Bed / One Bath units. Each unit is significantly larger than average, with well-designed layouts. The largest unit boasts fireplaces and washer/dryer hookups, and other attractive finishes. Three of the four units enjoy ocean views, and two have been recently updated while the remaining two offer substantial upside potential. Additional highlights include: All-electric property, a newer roof replaced six years ago (Buyer to verify), onsite laundry and garage storage, a quiet shared patio for tenants, and under-market rents with clear value-add opportunity! First time on the market in decades. Rancho Palos Verdes is renowned for its top-tier schools, coastal beauty, and upscale amenities. Multifamily opportunities in this enclave are exceedingly rare, don't miss your chance to own this legacy asset.
Multi-familyProperty Type
1962Year Built
7,284 sq ftLot Size
$460Price/Sq.Ft.
4 spacesParking
Listed by Joshua Cohen•DRE #01346713• Keller Williams Realty
•310-480-2130 (agent)
•Josh@cohengroupla.com (agent)
Bought with Joshua Cohen•DRE #01346713• Keller Williams Realty
The purpose of the single-family residential district (RS) is to provide for individual homes on separate lots, each for the occupancy of one family, at various minimum lot sizes, to provide for a range of yard and lot sizes which are based on the general plan of the city, and to provide for other uses that are associated and compatible with residential uses designated in this title.
Zone overlays
Urban Appearance Overlay Control District
Socio-Cultural Overlay Control District
Permitted uses
Include but are not limited to:
Livestock production
Day care facility
Housing-Single unit
Recreation
Agriculture-Cropland
Housing-Mobile home park
Dec 30, 2022 • Final
Residential
Bathroom
Kitchen
Remodel
Mar 22, 2022 • Final
Plumbing
Install a new water service line from the meter to the building.
Plumbing
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Property details
Parking
Garage
Covered Parking
Parking
# of Parking Spaces (Total): 4
# of Covered Parking Spaces: 4
Interior
Equipment
Gas Or Electric Dryer Hookup, Washer
Heating & Cooling
No Cooling
Electric Heat
Multi-Unit Income
Gross Income: 116040
Gross Operating Income: $116,040
Net Operating Income: $74,074
Multi-Unit Expenses
Total Annual Expense: $41,966
Multi-Unit Other Financial Information
Cap Rate: 3.09
Gross Rent Multiplier: 20.68
Scheduled Actual: Actual
Multi-Unit Information
Unit Type Type: 1, 2, 3
Type Of Units: 3
# of Buildings: 1
Has Water Heaters: True
Unit 1 Information
# of Beds: 4
# of Baths: 2.00
Rent: $4,395
Projected Rent: $5,750
Actual Rent: $4,395
# of Units: 1
Unit 2 Information
# of Beds: 2
# of Baths: 2.00
Rent: $2,900
Projected Rent: $3,400
Actual Rent: $2,900
# of Units: 1
Unit 3 Information
# of Beds: 1
# of Baths: 1.00
Rent: $1,187
Projected Rent: $2,500
Actual Rent: $1,187
# of Units: 2
Exterior
Building Information
Total Floors: 2
Two Level
Property Information
Property Type: Residential Income
Land Information
Other Structures: None
Lot Information
Lot Size (Sq. Ft.): 7,284
Lot Size (Acres): 0.1672
Zoning: RPRS10000SP*
Financial
Assessment Information
Assessed Total Value: $316,187
Assessed Land Value: $142,301
Assessed Land %: 45.01
Assessed Improvement Value: $173,886
Assessed Improvement %: 54.99
Assessor Parcel Number: 7573-009-017
Location
Community Information
# of Units in Complex (Total): 4
Location Information
Directions: On Clipper Road off PV Drive South
Public facts
Beds: 7
Baths: 6.0
Sq. Ft.: 4,457
Stories: —
Lot Size: 7,284 square feet
Style: Multi-Family (2-4 Unit)
Year Built: 1962
Year Renovated: 1962
County: Los Angeles County
APN: 7573009017
Home facts updated by county records on Aug 28, 2026
Other
Documents & Disclosures
Disclosures: None
Around this home
Schools
Point Vicente Elementary School
Public K-5 • Assigned • 1.5mi
9/10
Miraleste Intermediate School
Public 6-8 • Assigned • 3.3mi
7/10
Palos Verdes Peninsula High School
Public 9-12 • Assigned • 2.6mi
10/10
Provided by GreatSchools
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
2/10 Heat Factor
8 days above 84° expected this year, 24 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
3/10 Air Factor
4 unhealthy days expected this year, 4 days in 30 years
Provided by First Street
Historical weather
Rancho Palos Verdes, CA • 90275
Average low and high temperatures (°F)
65
56
64
56
65
57
65
57
67
59
69
62
69
62
74
66
73
65
69
62
65
58
64
57
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 9 hours in
June and 6.8 hours in December, placing it above the
U.S. average for solar exposure.
9 hrs
6.8 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$2.40M – $2.91M
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