$ 2,700,000
29403 Indian Valley Road Rancho Palos Verdes, CA 90275
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$ 2,700,000
Est. payment /mo
Pending
29403 Indian Valley Road Rancho Palos Verdes, CA 90275
11 Beds
5,324 SqFt
UPDATED:
11/12/2024 11:08 PM
Key Details
Property Type Other Types
Sub Type OTHER
Listing Status Pending
Purchase Type For Sale
Square Footage 5,324 sqft
Price per Sqft $507
MLS Listing ID CL24436229
Bedrooms 11
HOA Y/N No
Year Built 1972
Lot Size 0.310 Acres
Acres 0.31
Property Description
Luca is proud to present this rare 4-unit investment opportunity in Rancho Palos Verdes. This is an A-Class Trophy location and is NOT subject to LA Rent Control and instead falls under AB-1482. The asset has an outstanding unit mix of (one) 4-bedroom/2-bathroom townhouse unit with ocean views, (one) 3-bedroom/2-bathroom townhouse unit with patio, (one) 2-bedroom/2-bathroom with ocean views, balcony and patio, and (one) 2-bedroom/1.5-bathroom townhouse unit with patio. The property was built in 1972 and features spacious units, 5,324-SF of living area and a large 13,489-SF lot. The asset is being offered at a 4.37% current cap rate and 15.96 current GRM with upside to a 5.56% pro-forma cap rate. The property contains a newer roof, new hot water heaters, new furnaces, updated garage doors and common area laundry with brand new washers & dryers. One of the units has washer/dryer hook-ups. The property is a residential asset which qualifies for residential/owner-user financing. Furthermore, there are 4 garage spaces and 4 tandem parking spaces.
Location
State CA
County Los Angeles
Area Listing
Zoning RPRM
Interior
Fireplace No
Laundry Dryer, Laundry Room, Washer
Exterior
Total Parking Spaces 12
Building
New Construction No
Others
Tax ID 7585010006
© 2024 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Listed by Gianluca Jacoli • Shield CRE, Inc.