• 5 Units
• Unknown Sq Ft
• 4,583 Sq Ft
• Unknown Cap Rate

Description

**SF to be verified by tenant** **PPSF is negotiable** **Unit divisible contingent on Permits**

Nestled in the heart of the planned neighborhood center known as Miraleste Plaza on the East side of prestigious Rancho Palos Verdes, the Subject space, 20 Miraleste Plaza, has played an integral role in the community since the planning of the plaza itself by Frank A. Vanderlip Sr. as part of one of the 4 community districts he imagined for the undeveloped Palos Verdes Peninsula in the early 19th century. The strategic location of the East side of Rancho Palos Verdes has access to clientele within Rancho Palos Verdes itself, within the adjacent gated City of Rolling Hills, as well as the nearby community of San Pedro, home to the world-famous Port of Los Angeles and host of the 2028 Olympic Games. While the plaza may look like a typical retail neighborhood center, it has served as a financial powerhouse for the local businesses, homeowners, schools & colleges since the 1980s. Resident top producing Realtor team has amassed near $1 Billion in residential sales. Previous banks in the subject space, notably Union Bank held an excess of $100MM in deposits. Strategic tenants located next door include mortgage brokers, an additional realty office, escrow company, etc. The Subject space was renovated in 2019 by Union Bank and has been only lightly used since. Other community-oriented traffic drivers within a ~10 min drive include UCLA’s South Bay Campus, the prestigious City of Rolling Hills’ Eastfield Gate, Mira Catalina Elementary School, Trump National Golf Course, Miraleste Intermediate School, LA County Fire Dept. Station 83 and the Miraleste Public Library only to name a few. The average single family residential home sale price in the City of Rancho Palos Verdes was ~$2.1MM & in the neighboring City of Rolling Hills is ~$3.7MM as of MLS YTD data for 2025.Unique aspects of the space include a walk-in safety deposit vault & a drive through at the rear of the space for lease, panoramic windows at reception with a partial Port of LA harbor view and a full 2019 build out for a retail bank.