$ 2,700,000
29403 Indian Valley RD Rancho Palos Verdes, CA 90275
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$ 2,700,000
Est. payment /mo
Active Under Contract
29403 Indian Valley RD Rancho Palos Verdes, CA 90275
11 Beds
8 Baths
5,324 SqFt
UPDATED:
10/15/2024 11:07 PM
Key Details
Property Type Multi-Family
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 5,324 sqft
Price per Sqft $507
MLS Listing ID 24436229
Bedrooms 11
HOA Y/N No
Year Built 1972
Lot Size 0.310 Acres
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 174 - Crest
Zoning RPRM3600*
Rooms
Ensuite Laundry Laundry Room
Interior
Laundry Location Laundry Room
Fireplace No
Appliance Dryer, Washer
Laundry Laundry Room
Exterior
Garage Garage
Garage Spaces 4.0
Garage Description 4.0
Porch Deck
Parking Type Garage
Total Parking Spaces 12
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 7585010006
Special Listing Condition Standard
Listed by Gianluca Jacoli • Shield CRE, Inc.