With imagination and effort, this could be your forever dream home with 3,401 square feet of living space on a 15,104 square foot lot. This custom built home was originally designed and built with strength and finesse. The expansive flat back yard is landscaped but, what might you do with it? Many repairs and updates are needed throughout, but at this price, it's quite a steal versus renovated properties for sale in the neighborhood. A Certified Inspector’s Report, Termite Report, and the permit for the replacement of the red Spanish tile roof is available for your review. This might relieve any doubt that this is THE ONE - WITH THIS PRICE! This immense property is in Palos Verdes Estates on one of the most pleasant streets imaginable. It is near the heart of the Peninsula. Nestled in the desirable Montemalaga area, historically referred to as the "red roof" area addressing the Spanish red clay tiles wherever you look. Enter and approach the living room and dining room floor-ceiling windows overlooking the massive back yard. You WILL say WOW! Perfect for the gardener, as this owner was, or build a swimming pool or sports court or both. Or, meditate after a hard day, just gazing out at Your peaceful back yard from the living room or the balcony. With an ideal 2-story floor plan, there are three living rooms. Two have fireplaces. One is off the entrance, a second opens to the kitchen and the third is downstairs adjacent to the patio and backyard. This one is perfect for summer entertaining on the grass. The country kitchen looks out to the front porch, has a breakfast table area, opens to the second living room and adjacent to the formal dining room. Six bedrooms, three upstairs and three downstairs. There is a private study, a laundry room, balcony, a front porch, and a roofed 3-sided patio area that opens to the back yard and fire pit. Imagine, summer and winter barbecuing. Partially updated in the 80’s, lived in and loved for 59 years by one family. It is your turn to make it your own cherished home. And, Now's your chance!