Terra Vista Condominiums, Rancho Palos Verdes, CA
Cal-Coast acquired the property REO from Citi National Bank. The subject property is the last market rate multi-family site approved for development in the city of Rancho Palos Verdes. The approved project had received its entitlements for the development of a 28-unit residential condominium complex on a 1.25 acre site; however had stalled in the plan check process during the recession. Cal-Coast was able to successfully expedite the plan check process and secure grading and building permits in less than six months in order to guarantee that it would not be subject to new building code. The project is currently under construction and scheduled for completion Q4 2014.
- Units: 28
- Address: 28220 Highridge Road, Rancho Palos Verdes, CA