29403 Indian Valley Road , Rancho Palos Verdes, CA 90275
Rancho Palos Verdes, CA 90275
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.
Details
| Mls | 24436229 |
|---|---|
| Listing Type | For Sale |
| Subtype | Resale |
| Status | Active Under Contract |
| Year | 1972 |
| Days On Site | 96 |
| Listing Provided By | Shield CRE, Inc. 310-593-9869 | Gianluca Jacoli |
Features
| Beds | 11 |
|---|---|
| Baths | 8 |
| Sq Feet | 5,324 |
| Garage | 4 |
| Storys | 2 |
| Units | 4 |
| Buildings | 1 |
| Zoning | RPRM3600* |
| Acreage | 0.31 |
Market Activity 90275
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Rancho Palos Verdes |
| Zip Code | 90275 |
| Area | 174 Crest |
| Listing VS Median (in 90275) | |
Price: $2,700,000 low | high Med: $1,414,500 SqFt: 5,324 low | high Med: 1,816 $ / SqFt: $507 low | high Med: $779 On Site: 96 low | high Med: 20.000000 | |
