27975 PALOS VERDES Dr, Rancho Palos Verdes, CA 90275

Property Description

This property is to be placed in an upcoming auction. All auction properties are subject to a 5% buyer s premium pursuant to the Auction Terms & Conditions (minimums will apply). Please contact listing agent for details and commission paid on this property. Retail Commission is paid to buyer's agent prior to Final lock down date. All building permits issued by the City of Rancho Palos Verdes have all expired. A Stop Work Order was issued due to ridgeline elevation issues. The height of construction was in excess of the 2001 building code. Until the height restriction issues are resolved, further inspections are not allowed. the City requires the asset be completed to current building codes with new plans and geological report required for approval by Building and Safety. The property is being sold as-is with the cost to cure being the Buyer's responsiblity. Title is being transferred as-is with the requirement of a signed Hold Harmless.