Updated Condo in Rancho Palos
For Sale
$600,000
5718 Ravenspur Drive #202 Rancho Palos, Rancho Palos Verdes, CA 90275
Updated 2-bedroom, 2-bath condo with balcony and community pool.
Property Size1,431 SF
Price / SF$419.29
Days on Market390
Property Features for 5718 Ravenspur Drive #202 Rancho Palos
General Information
Standard status
Active
Size
1,431 SF
Property subtype
Condominium
Amenities
Fireplace
Radiant
Dishwasher
Electric Range
Refrigerator
Dryer
Washer
Cable Available, Electricity Available, Phone Available, Sewer Available, Water Available
Building Details
Building Size
1,431 SF
Year Built
1973
Stories
4
Listing Agency:
(310) 803-0633
Listed By:
Derek Hirano · License #DRE
(310) 803-0633
Source:
Kw
Added: Aug 5, 2025
Changed: Aug 25
Last Checked: Aug 28 at 5:49PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Derek Hirano
Investment Insights
Based on property information with market context.
This updated condo, located in Rancho Palos Verdes, features 2 bedrooms and 2 bathrooms. The unit offers a layout that includes a living area with a fireplace, a sliding glass door, a built-in bar, and a private balcony. The kitchen has granite countertops, tile flooring, a stainless steel sink, range, dishwasher, and cabinet space. The primary suite includes three closets and an en-suite bathroom. The second bedroom features a walk-in closet and access to the full hallway bathroom. A separate dining room with a sliding glass door provides access to the interior of the community. Additional features include in-unit laundry, two side-by-side parking spaces in a gated garage, and access to the complex pool. The property is 1431 square feet. It is located near shopping, restaurants, parks, and Palos Verdes schools.
Key Highlights
- Updated condo in a desirable Rancho Palos Verdes location, close to shopping, restaurants, parks, and award‑winning Palos Verdes schools.
- Spacious 2‑bedroom, 2‑bath unit with a fantastic layout.
- Updated kitchen features granite countertops and stainless steel appliances.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$23,026
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.84%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$460,520
$460.5K
Cap Rate 7%
$328,943
$328.9K
Cap Rate 9%
$255,844
$255.8K
Market Conditions
NOI Build-Up for 1,431 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$45.5K $31.80/SF
− Vacancy
−$3.6K −$2.54/SF
EGI
$41.9K $29.26/SF
− OpEx
−$18.8K −$13.17/SF
NOI
$23.0K $16.09/SF
Area
Los Angeles County, CA
Vacancy
8.00%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$460,520
Cap Rate 7%
$328,943
Cap Rate 9%
$255,844
Alternative Uses
Best Use
Apartment 5plus
$328.9K
$287.8K – $383.8K
NOI $23,026 @ 7.0% cap · market cap 3.84%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$766.2K
$670.4K – $893.9K
NOI $53,631 @ 7.0% cap · market cap 8.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,322
Businesses Nearby
Explore this area
Business Placement
Demographics for 90275, CA
42,452
Population
16,668
Households
2.5
Avg Household Size
50
Median Age
69%
College-Educated
98%
High-School Grad
13.5 sq mi
ZIP Area
3,145
Density / Sq Mi
$175,212
Median Household Income
$95,000
Median Earnings
$3,501
Median Rent
$1,543,300
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Updated 2-bedroom, 2-bath condo with balcony and community pool.
Where is this apartment building located?
The property is located at 5718 Ravenspur Drive #202 Rancho Palos Rancho Palos Verdes, CA.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: Updated condo in a desirable Rancho Palos Verdes location, close to shopping, restaurants, parks, and award‑winning Palos Verdes schools.; Spacious 2‑bedroom, 2‑bath unit with a fantastic layout.; Updated kitchen features granite countertops and stainless steel appliances.
