29403 Indian Valley Road
Rancho Palos Verdes, CA, 90275
$2,700,000
Beds
0 Baths
SqFt
0.31 Acres
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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.

Property Details

Price:
$2,700,000
MLS #:
24436229
Status:
Active Under Contract
Baths:
0
Address:
29403 Indian Valley Road
Type:
Residential Income
Neighborhood:
174crest
City:
Rancho Palos Verdes
Listed Date:
Sep 5, 2024
State:
CA
ZIP:
90275
Lot Size:
13,489 sqft / 0.31 acres (approx)
Year Built:
1972
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29403 Indian Valley Road
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