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$41,890,000
7 Beds 11 Baths CV26163737 MLS Active Status
Commanding one of the most coveted locations within **Pelican Crest**, Newport Coast's premier guard-gated enclave, **23 Pelican Vista** offers a rare opportunity to acquire one of Southern California's most distinguished coastal estates. Set on approximately **0.67 acres** and encompassing nearly **14,372 square feet**, this extraordinary residence captures breathtaking panoramic views of the Pacific Ocean, Catalina Island, and the coastline from nearly every principal room. A dramatic sense of arrival begins at the grand entry, where an elegant double staircase creates an unforgettable first impression. Beyond, the formal living room is perfectly positioned to frame uninterrupted ocean vistas, establishing a seamless visual connection to the coastline that continues throughout the home. Expansive windows and thoughtfully designed living spaces bathe the interiors in natural light while showcasing spectacular coastal views at every turn. Designed for refined living and grand-scale entertaining, the estate features **seven luxurious bedrooms and ten beautifully appointed bathrooms**, complemented by an exceptional collection of sophisticated living spaces. Highlights include formal entertaining rooms, a richly paneled executive library, a private home theater, a fully equipped fitness suite, an impressive wine cellar, and an expansive game room with a wet bar. Bespoke furnishings and meticulously curated finishes throughout create an atmosphere of timeless elegance and effortless luxury. The resort-inspired grounds are equally impressive, featuring manicured landscaping, a stunning pool and spa, and multiple outdoor living areas designed for both intimate gatherings and lavish entertaining. A subterranean **six-car garage** provides discreet access and exceptional accommodation for a prized automobile collection. Offered as a truly turnkey estate, **23 Pelican Vista** embodies architectural grandeur, uncompromising privacy, and world-class craftsmanship, all within one of Orange County's most prestigious and sought-after oceanfront communities.

23 Pelican Vista, Newport Coast

$7,100,000
SB26088593 MLS Active Status
ANOTHER $200K PRICE REDUCTION! 4.5% CAP. TR WEALTH is pleased to present a rare opportunity to acquire a 10-unit trophy multifamily asset located in South Redondo Beach / Hollywood Riviera submarket. The addresses are 124-128 Palos Verdes Blvd totaling 9,914 sf with similar floor plans and ocean views. The property is two separate APN (Parcels) with 5 units each forming a central courtyard. Perched in a premier coastal setting, this asset has ocean views, offering a generational investment that attracts tenant demand. There are 10 Garages and 10 tandem spaces. A desirable unit mix of 9 large 2-bedrooms, 1 bathroom & 1 2-bedroom, 2 baths units offering 975 rentable area and spacious & functional layouts makes tenants want to reside here. With $800,000 in capital improvements, including fully remodeled interiors, upgraded plumbing and electrical systems, new subpanels, modern appliances, and extensive interior and exterior enhancements delivers a turnkey investment with minimal deferred maintenance. The property has 8 of 10 units remodeled as new and has future upside with renovations for 2 units and stabilization of the rents to market value. The price is supported by a conservative expense ratio and efficient management. A RUBS program is in place & tenants pay gas for hot water heater in units. The asset is not subject to local rent control, providing investors with flexibility to capture future rent growth in a strong and stable rental market. AB1482 State Rent Control only. Located just minutes from Riviera Village, tenants benefit from immediate access to premier dining, retail, and coastal amenities, as well as proximity to the Redondo Beach coastline, parks, and recreation. The property also offers convenient connectivity to Pacific Coast Highway and major South Bay employment centers, including Torrance, El Segundo, and the greater aerospace and technology corridor. Positioned within a high-income coastal community characterized by limited multifamily supply and strong historical appreciation, this offering presents a unique opportunity to acquire an irreplaceable asset with both stable in-place cash flow and long-term upside. Additional value-add potential exists through the possible conversion of two garage spaces into accessory dwelling units (ADUs). This is an ideal acquisition for investors seeking a high-quality, low-maintenance coastal asset in one of Southern California’s most supply-constrained and desirable rental markets.

124 Palos Verdes Boulevard, Redondo Beach

$22,500,000
5 Beds 8 Baths LG26086095 MLS Active Status
Setting a new standard for California coastal living, this exceptional oceanfront residence showcases elevated finishes, refined craftsmanship, and a sophisticated, design-forward aesthetic. Bold materials and a curated coastal palette define a home that is both striking and timeless. Designed by Chris Light with interiors by Jeffrey Maynard, the residence offers true oceanfront living with five bedrooms and a level of architectural integrity rarely found along the coast. The main level is designed for living and entertaining at scale. At its center, the kitchen makes a bold statement with steel and Arabescato marble surfaces, complemented by custom walnut cabinetry fabricated in Italy by The Davani Group and fully integrated Gaggenau appliances. The great room is anchored by a fireplace and a refined bar, while expansive doors open to a large front patio with a fire feature for seamless indoor-outdoor flow. A walk-in pantry with elevator access and a spacious garage accommodating up to five vehicles, plus golf cart parking, complete this level. A private elevator connects all four levels. Upstairs, the primary suite features a fireplace, sitting area, and private balcony with sweeping ocean views. The spa-inspired bath includes Calacatta marble, Nero Marquina floors, Dornbracht fixtures, and a steam shower with unobstructed ocean views. A fully built-out closet with in-suite laundry and two additional ensuite bedrooms with a flexible living space complete this level. The lower level offers a multipurpose lounge, temperature-controlled wine cellar, junior primary suite, and a wellness retreat pre-wired for a sauna, along with a powder room and secondary laundry. The rooftop terrace delivers a resort-style experience with a Casa Blui spa, fire feature, pop-up television, covered loggia, and full bath, all set against panoramic ocean views. Featuring eight bathrooms total—six full and two powder rooms—the home is designed for both everyday living and elevated entertaining. Ideally located near China Cove Beach, Pirate’s Cove, Corona del Mar Village, and just minutes from Fashion Island.

2516 Ocean Boulevard, Corona Del Mar

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.