Billy  Alt

Billy Alt

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Closed

$1,100,000

($355,939 down)
VA

3200 La Rotonda Drive UNIT 514, Rancho Palos Verdes, CA 90275

3
2
1,527 sqft
PITI Monthly
$4,975.76 /mo

Listing courtesy of: Sean Sadri, Sadri Group

Assumed Rate

3.18%
7.15%

Principal & Interest

$3,530 /mo
$5,527 /mo

What's Special

SERENE
SHOPPING
DINING
RENOVATED
STAINLESS STEEL APPLIANCES
FITNESS CENTER
TENNIS COURTS
CUL-DE-SAC

Luxurious Live Auction Opportunity! Bidding to start at $1,100,000! This is a rare opportunity to own an elegant, traditional property—non-distressed and available for cash or financing. The seller welcomes offers prior to the auction date and offers an incredible assumption of the current VA loan (no veteran status required). With the loan originating on 12/24/2019, enjoy over 24 years remaining on a $736,000 balance at a fixed rate of 2.25%. Experience sophistication and serenity in this exquisitely renovated, single-level 3-bedroom condo in prestigious Rancho Palos Verdes. Nestled within the highly sought-after Ocean Terrace Complex overlooking Trump National Golf Course, this home offers breathtaking views of the Pacific Ocean, Catalina Island, and lush fairways extending to Terranea Resort. The interiors feature a custom-designed kitchen and bathrooms with bespoke cabinetry, quartz countertops, marble backsplash, and state-of-the-art stainless steel appliances, including induction heating. The primary suite boasts a spa-inspired en-suite bath, while wood-look tile floors in living areas and plush carpeting in the bedrooms add warmth and comfort. This residence includes two assigned parking spaces and a generous storage closet. As part of the Ocean Terrace community, indulge in upscale amenities: a resort-style pool and spa with sweeping ocean views, a poolside lounge, private tennis courts, a cutting-edge fitness center, a dog park, and a recreation center equipped with a kitchen, billiards room, and sauna. Tucked away on a serene cul-de-sac, this home offers proximity to exclusive golf courses, scenic coastal trails, hidden beaches, and ocean coves. Enjoy unobstructed views of the Trump National Golf Club and quick access to premier destinations such as Terranea Resort & Spa, Los Verdes Golf Course, and the finest coastal dining and shopping experiences. Located in a top-tier school district and conveniently connected to major freeways, including I-110, I-405, and LAX, this property ensures effortless access to downtown Los Angeles and Beverly Hills. HOA dues cover essential services like water, trash, gas, sewage, on-site management, and maintenance of common areas, providing a seamless and luxurious lifestyle. Immerse yourself in the pinnacle of coastal living. Arrange a private viewing today and experience the perfect harmony of elegance, comfort, and tranquility in this exceptional Rancho Palos Verdes residence.

... Show more

Assumption Snapshot

Type of Loan
VA
Interest Rate
3.18
Remaining Loan Term
25 years, 6 months
Monthly PITI
$4,975.76/mo
Estimated Loan Balance
$1,028,300
Cash to close
$355,939
Interest Paid
$111,691

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 3
  • Bathrooms: 2
Cooling & Heating
  • Cooling: None
  • Heating: Radiant
Features
  • Materials: Stucco
  • Community: Unknown
  • Has Fireplace: Yes
  • Fireplace Features: FamilyRoom
  • Flooring: Carpet, Tile

Exterior

Fencing
  • Fencing: Glass
Roof
  • Roof: Unknown
Parking
  • Garage: Yes
  • Garage Spaces: 2
  • Carport: No
  • Carport Spaces:
Water
  • Sewer: PublicSewer
  • Water Source: Public
Pool
  • Has Pool: No
  • Pool Features: Community, Heated, Association

Construction

Type & Style
  • Stories: 3
  • Home type: Condominium
  • Architectural Style: Unknown
Materials
  • Stucco
  • Roof: Unknown
Condition
  • Year Built: 1974
Details
  • Builder:

Community & HOA

Community
  • Subdivision:
  • Features: Biking, Curbs, DogPark, NearNationalForest, Pool
HOA
  • Has HOA: Yes
  • HOA Name: Ocean Terrace
  • HOA Amenities: Unknown
  • HOA Fee: $1011.25
  • HOA Frequency: $Monthly
Location
  • Region: Rancho Palos Verdes

Financial Details

  • Price per Sqft: $720.37
  • Tax Annual Amount: $13750
  • On Market Date: 2025-01-27T00:00:00.000Z
Inquire about this property

We will reach out to you with more details

Apply to Assume

Fill out an application to explore financing options for assuming this loan.

Apply now

Savings Calculator

Current cash to close is $355,939 (32%)
You can enter any amount below - secondary financing will cover the difference if needed.
32%
$

You cover the entire equity of $355,939!

Enter a smaller amount if you prefer to use secondary financing.

Loan Breakdown

Assumed Mortgage3.18% Sellers Rate
$744,061
Your Cash$355,939
Total Purchase Price:$1,100,000

Assumed vs Traditional Mortgage

Assumed @ 3.18%
$3,530/mo
Traditional @ 7.15%
$5,733/mo
You save $2,203/month ($26,435/year)

*Secondary financing rates are an estimated value based on input

MLS ID: OC25019709

Listing From:

Last updated: 2025-04-25T19:14:58.000Z

© , CRMLS. All rights reserved. Information deemed to be reliable but not guaranteed. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program. Listing broker has attempted to offer accurate data, but buyers are advised to confirm all items. IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed to be accurate. Listing information updated daily.

Assumed Rate

3.18%
7.15%

Principal & Interest

$3,530 /mo
$5,527 /mo
Inquire about this property

We will reach out to you with more details

Apply to Assume

Fill out an application to explore financing options for assuming this loan.

Apply now

Savings Calculator

Current cash to close is $355,939 (32%)
You can enter any amount below - secondary financing will cover the difference if needed.
32%
$

You cover the entire equity of $355,939!

Enter a smaller amount if you prefer to use secondary financing.

Loan Breakdown

Assumed Mortgage3.18% Sellers Rate
$744,061
Your Cash$355,939
Total Purchase Price:$1,100,000

Assumed vs Traditional Mortgage

Assumed @ 3.18%
$3,530/mo
Traditional @ 7.15%
$5,733/mo
You save $2,203/month ($26,435/year)

*Secondary financing rates are an estimated value based on input

Follow Us
Alt Group
Agent/Broker
Billy AltAlt Group (702) 250-1090info@altgrouplv.comMLS BS.1001764

© Listing Service, All rights reserved. The data relating to real estate for sale on this website comes in part from the Listing Service. Real estate listings held by brokerage firms other than Alt Group are marked with the Listing Service logo and detailed information about them includes the name of the listing brokers. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Listing Service shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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