Inside a Home For Sale Damaged by Landslide and Land Movement in Palos Verdes at 4362 Exultant Dr
10,100
Published 2024-06-20
Portuguese Bend has had land movement since the 1950's when a natural spring was ruptured while creating Crenshaw blvd to connect to Palos Verdes Drive South. Before 2020 the land had moved downhill roughly 600 feet. 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 2022 and 2023 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.
4362 Exultant is next to a home that was red taged and sinking into a crevice at the corner of Dauntless and Exultant.
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.
I am happy to discuss more about the options and conditions of this area.
Connect with me:
Direct Line: 310.383.2578
www.jasonbuck.com/
Listed by Charlie Raine of Coastal Legacy Realty Group
#hometour #palosverdes #milliondollarhouse #milliondollarhome #mansion #mansiontour
All information deemed reliable but not guaranteed
All Comments (21)
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Sad. It's really a beautiful house. I don't know who in their right mind would buy it.
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This whole thing is unbelievable to watch. I can't imagine that even a developer would want to buy that. The land is basically worthless, in California no less.
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I'm A Heavy Equipment Operator that use to work in the Palos Verses area . Digging pools ,and repairing slopes etc. They're was a lady that had her house on Steel beams . On top of Sea Containers . We had to dig out under the house to remove the dirt. Talk about movement . The house had to be adjusted at least twice A month . That was in the 80s . Nice views though , that's why A lot of folks wanted property there. Great video.!!!!!
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I am a geologist and you can’t pay me to own that house or one of its neighbors.
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Intentionally or not, the idea that this can be solved with engineeering on the property is misleading. This is not a matter of just augmenting the foundation. The land is separating through the property and it seems fairly evident that will continue. Another property very nearby had this kind of repair PRIOR to the rapid increase in movement which at the time resolved the same sort of damage that slowly accumulated over decades. The movement is now 100x faster. Youd use caisons and lifts and still see this split in half. I hope the broker has great litigation insurance. Then again, the disclosures may cover them. I am bothered by the moral hazard of trying to sell these homes at values compared to those not far away on stable geology. It wont end well.
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My husband worked for a soils engineering company 40 years ago who was hired by RPV to see if they could find a way to stop the movement. They said that there was no way to stop the movement.
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Reduced to $1,750 dollars? That's not bad. I'd buy it and live there for a year.. Cheaper than renting
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Yet, they still water their lawns and shrubs - which adds the equivalent of 60 inches of rainfall per year to the coastal desert landscape that continues to slide, while dewatering efforts take place!!! smh.
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Beautiful area with fantastic view ! Years ago the area was under the study by the county for the land movement. USGS recently found the fault line in Palos Verdes 😢 So what is the land value now? No insurance company cover....I bet😮
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I feel so sad for those poor rich people.
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Whoa -- very sad but interesting to understand what's happening there. My wife grew up for a period of childhood there - we are in Santa Monica now. I've never seen anything like that before.
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No, that whole area is dangerous now, it most likely is moving a lot more due to the earlier Winter storms/Spring rains. There was so much of it earlier this year. I honestly don't think you are going to get any takers on that at the moment. The whole hillside could collapse and all properties on it. I grew up here in S. Ca., and that area has been moving since I can remember in the early 1970s. Thank you for showing the house though, beautiful.
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Jason, question. If you buy this "land" are you getting the GPS coordinates land of where the property lines are, or are you getting where the house ends up? Has that legally been worked out?
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Yeah that’s a great idea let’s buy a house for 2 million that will soon fall into the cracks 👍🏻
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A lovely beautiful home indeed..true to the phrase home sweet home..! Its just sad its being destroyed by nature. Wish the land movement will stop.
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In the early 90’s, I rented a guest home in Rolling Hills in an area known as the Flying Triangle. Every rain season the owner would be jacking up the house. One morning I woke up to see a sinkhole forming in the back yard. I’m sure the home is no longer there.
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If I were anyone in that area, I'd be selling asap. Good luck selling that, soon to be red tagged home. I'm amazed city would let them sell it.
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TODAY, 4394 Dauntless, a stones throw away, has been listed at 1.389m, 3b3b 1800 sqft on 13000sqft lot. This one is in the danger zone too, moving right along with this one. It's not splitting in two, at least yet. Nearby comp listed for 1.7 sold for 585k for the land movement. These sales are a trap where there is a half hearted agency on behalf of buyers to actually inform them of these affected homes worth. They're looking to find a sucker and I'm sorry to see everyone in industry is happy to screw the buyer. Unfortunately the situation is what it is, the owners have experienced the loss and are in denial. It is morally wrong to fleece a new buyer into carrying that burden for the seller. The other side of Dauntless is fine, maybe not forever but significantly far from the movement action yet these selling brokers are comping to those. Buyer beware, and don't trust a pseudo fiduciary who isn't looking after your interests.
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I grew up with Charlie. I wish you the best with that listing buddy. Take the first offer and run!
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Is that property even salvageable? Best case scenario someone purchases it then watch it slide away? I do not understand why the area is not being evacuated.
