I was recently asked by a soon-to-be resident what I like best about living in Palos Verdes. My answer was not as concise and to the point as I would have liked. Later, I found myself thinking about the very legitimate question and here's my list:
1. The Coastal Location: I have a need to be close to the ocean. A long walk along a beach is one of my favorite indulgences, and I partake often. It's a quality of life decision for me. It's also called location.
2. The Outstanding School District: Hands down this is why I moved to Palos Verdes 19 years ago. It remains the main draw for many new residents.
3. The Country Setting in an Urban County: Los Angeles is one of the most densely populated counties in the country, but upon entering Palos Verdes you are immediately struck by the open space.
4. The Breathtaking Views: You do not have to own a view property to enjoy the spectacular vistas. A drive around the Palos Verdes Peninsula offers views of Catalina Island, a couple of lighthouses, sweeping coastline views, Los Angeles Harbor views, and dazzling city lights views.
5. The Low Profile Attitude: This is not Hollywood or even Beverly Hills. It's quiet here. 
Norma Toering & Team RE/MAX Palos Verdes Realty
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South Bay Los Angeles cities I sell real estate and homes in: Palos Verdes Estates, Rolling Hills, Rolling Hills Estates, Rancho Palos Verdes, San Pedro, Long Beach, Torrance, Lomita, Redondo Beach, Hermosa Beach and Manhattan Beach.
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Norma Toering & Team RE/MAX Palos Verdes Realty
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South Bay Los Angeles cities I sell real estate, property, houses and homes in: Palos Verdes Estates, Rolling Hills, Rolling Hills Estates, Rancho Palos Verdes, San Pedro, Long Beach, Torrance, Lomita, Redondo Beach, Hermosa Beach and Manhattan Beach. Based on information from the Association of REALTORS®/Multiple Listing as of the initial date of this article/blog publication and /or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
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All of those are great answers. I loved living there as well and try to drive up there each time I visit my parents in Redondo Beach. The houses sure have changed but the area itself really hasn't.