Inside a Home For Sale Damaged by Landslide and Land Movement in Palos Verdes at 4362 Exultant Dr

Описание: www.JasonBuck.com takes you Inside a Home For Sale Damaged by Landslide and Land Movement in Palos Verdes at 4362 Exultant Dr.

9/7/24 UPDATE: This area is now listed as a Disaster Area and utilities are being shut off. Gas and Electricity have been shut off, and they may lose Cox (local internet) next week. Locals are hopeful that some funding will come in to help restore some utilities and slow down the slide. In my lifetime, the movement has never been as bad as this year and lots of people are trying to find solutions. Any potential Buyer will be informed of all disclosures of the home and area. The Seller has a right to sell - and if the slide is corrected, this is a beautiful area to live.

Portuguese Bend has had land movement for perhaps thousands or millions of years. In the 1950's a natural spring was ruptured while creating Crenshaw blvd to connect to Palos Verdes Drive South, which may have caused land movement. Before 2020 the land had moved downhill roughly 600 feet or on average about an inch a month. In the 1980's there were homes that moved across the current main drive and were red tagged, and several homes had foundations supported by giant I beams under the house and then leveled by a series of jacks on railroad ties. In the 2010's California was in a drought and the main highway through Portuguese Bend was moving roughly an inch a month.
The City of Rancho Palos Verdes would grind and fix the road with two major hills or jumps that always seemed to move more than other spots.
The intense rain years of 2023 and 2024 have caused a lot of water to enter the Portuguese landslide and the land is moving at a very alarming rate. The area of the slide has expanded to include Wafers Chappel and the NE portion of the Seaview neighborhood. There are several large fischers in the portuguese bend area and FEMA funds have been approved to start a hydroger process to extract the water and hopefully slow down the land movement. Its very shocking and devistating for homeowners affected by this event.
There is active land movement in this area. Please contact for more information and disclosure about the conditions in this area.

The home is a 4 bedroom 5 bath beautiful property built with extreme pride of ownership and quality. The home is roughly 4,059 sf of living space on a 12,083 sf lot. It has fantastic finish work and some ocean view from the deck. Its well designed and unfortunately has been affected by the slide. The North side of this home is falling and pulling from the rest of the property. This home would likely be worth $3.5 million and needs several thousands to repair the current foundation situation. As of 6/21/24, the price was reduced to $1,750. 8/13/24 price reduced to $1,450,000.
I am happy to discuss more about the options and conditions of this area.

Connect with me:
Direct Line: 310.383.2578
http://www.jasonbuck.com/

Listed by Charlie Raine of Coastal Legacy Realty Group

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All information deemed reliable but not guaranteed