20 Miraleste

About this home

**Square footage to be verified by tenant's broker** **Listed price is approximate** Nestled in the heart of the planned neighborhood center known as Miraleste Plaza on the East side of prestigious Rancho Palos Verdes, the Subject space, 20 Miraleste Plaza, has played an integral role in the community since the planning of the plaza itself by Frank A. Vanderlip Sr. as part of one of the 4 community districts he imagined for the undeveloped Palos Verdes Peninsula in the early 1900s. The strategic location of the East side of Rancho Palos Verdes has access to clientele within Rancho Palos Verdes itself, within the adjacent gated City of Rolling Hills, as well as the nearby City of San Pedro, home to the world-famous Port of Los Angeles and host of the 2028 Olympic Games. While the plaza may look like a typical retail neighborhood center, it has served as a financial powerhouse for the local businesses, homeowners, schools & colleges since the 1980s. Strategic tenants located next door include mortgage brokers, a Compass Realty office, Peninsula Escrow, etc. The Subject space was renovated in 2019 by Union Bank and has been only lightly used since the corporate acquisition of said bank by US Bank which left the location to consolidate with a different branch, leaving the perfect opportunity for a new bank to fill the void left in the community as 20 Miraleste Plaza has been a bank space for the community since the 1980s. Other traffic drivers within a ~10 min drive include UCLA’s South Bay Campus, the prestigious City of Rolling Hills’ Eastfield Gate, Mira Catalina Elementary School, Trump National Golf Course, Miraleste Intermediate School, LA County Fire Dept. Station 83 and the Miraleste Public Library only to name a few. The average single family residential home sale price in the City of Rancho Palos Verdes was ~$2.1MM & in the neighboring City of Rolling Hills is ~$3.7MM as of MLS YTD data for 2025. Unique aspects of the space include a walk-in safety deposit vault & a drive through at the rear of the space for lease, panoramic windows at reception with a partial Port of LA harbor view and a full 2019 build out for a retail bank. The landlord is open to negotiations surrounding tenant improvements for a different tenant that will fit the space. Can be used for retail, medical and office. Price is negotiable within the listed range PSF. Agents are available for walk-throughs by appointment. Please call Spencer and Livia at 1 (424) 210-7741.