29403 Indian Valley RD Save Request In-Person Tour Request Virtual Tour
Rancho Palos Verdes,CA 90275
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
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
Laundry Laundry Room
Exterior
Garage Garage
Garage Spaces 4.0
Garage Description 4.0
Building
Story 2
New Construction No
Others
Special Listing Condition Standard