LOCATION, LOCATION – perfectly situated on one of the best streets in Malaga Cove, just a stroll to the prestigious Plaza with its famous Neptune Fountain & monthly weekend art shows, historical Malaga Cove Library & adjacent Farnham Martin Park that hosts the annual Summer Concert Series! VIEW VIEW VIEW - Spectacular Panoramic VIEWS – ‘Queen’s Necklace’, Coastline & hills! Fantastic opportunity to own this one-of-a-kind property that backs up to extensive city parkland for ultimate tranquility and privacy! Existing home sold ‘AS IS’ with CITY APPROVED plans by renowned architect, Douglas Leach, to build a well-designed Spanish masterpiece with excellent outdoor living spaces! **Permits can be pulled immediately. $110K spent on plans, surveys, reports, etc. Buyers to verify square footage with city or architect. Fantastic opportunity to build your own home, or remodel existing structure. Existing home is sold 'AS IS' with no repairs - 3 bed, 2 bath 1,671 SF home on 9,636 SF lot, two fireplaces. VIEWS from most rooms and exterior spaces! Malaga Cove is ideally located and offers a multitude of amenities - shops, restaurants, multiple hiking trails, plus walking distance to the sand and surf at Rat Beach! In addition, there are many fine clubs for socializing - Palos Verdes Golf course, Tennis Club, Beach & Athletic Club, plus only a few minutes drive to the shops and restaurants in Riviera Village. Excellent on-hill/off-hill access. Top ranked Palos Verdes School District!