2003 Velez Drive
Rancho Palos Verdes, CA, 90275
$1,475,000
MLS: PV26067733
Beds
4
Baths
2
Sq Ft
2,013
Lot
0.19 ac
Year Built
1958
MLS #
PV26067733
Days on Market
10
Listed
Apr 7, 2026
Description
Nestled in the highly sought-after neighborhood of Rancho Palos Verdes, this beautifully remodeled mid-century home offers 4 bedrooms and 2 bathrooms, thoughtfully designed with both comfort and style in mind, spanning over 2,000 sq ft on an expansive 8,441 sq ft lot corner lot! Step inside to discover a light-filled interior featuring newer luxury vinyl flooring, updated electrical throughout, HVAC system, newer roof, dual-paned windows and sliders, and designer lighting that enhances every space. The well-designed floor plan offers seamless flow between two spacious living areas, a formal dining room, and a charming breakfast nook with bar seating—perfect for both everyday living and entertaining. The updated kitchen serves as the heart of the home, combining functionality with modern appeal. While the main living spaces invite connection, the bedroom wing provides privacy and retreat. All bedrooms offer ample closet space with the rear bedroom opening to the back patio area. Outdoors, the secluded and tranquil backyard is an entertainer’s dream, complete with a tastefully stamped concrete patio, fresh landscaping, fruit producing guava and banana trees, and low-maintenance, water-saving turf. Additional features include an oversized two-car direct access garage, large paver driveway with ample parking, and two outdoor storage sheds. Situated on a desirable corner lot, the property is framed by ivy-covered brick walls that offer both charm and privacy. Ideally located near shopping, dining, parks, and easy freeway access, this home is also just a short drive from top rated PV schools, the upcoming West Harbor development, and the beautiful peninsula coastline.
Location
Rancho Palos Verdes, Los Angeles County, CA 90275
Open on Google Maps ↗Listed by: Michael Harper · HH Coastal Real Estate
Payment estimate
$10,546
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $147,500 · Loan: $1,327,500
- Principal & Interest
- $8,156
- Property tax (1.25%)
- $1,536
- Homeowners insurance
- $300
- Mortgage insurance
- $553
Login required. The full tool supports FHA / VA / USDA, PMI by credit tier, lender fees, and total cash to close — with your inputs here carried over.
Today's Rates
As of Apr 23, 2026
- 30-year fixed
- 6.23%
- 15-year fixed
- 5.58%
Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.
Financing Options
FHA Financing — 3.5% Down＋
First-time and repeat buyers can purchase this Rancho Palos Verdes home with as little as 3.5% down using an FHA loan — roughly $51,625 down. FHA loans feature flexible credit guidelines and government-backed rates, making homeownership accessible for buyers who haven't saved a large down payment. Seller concessions up to 6% of the purchase price are also allowed.
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