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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Schools
Interior
Exterior
Garage Spaces
4.00
Parking Features
Garage
Parking Spots
12.00
Stories Total
2
Financial
Map
Community
- Address29403 Indian Valley Road Rancho Palos Verdes CA
- Area174 – Crest
- CityRancho Palos Verdes
- CountyLos Angeles
- Zip Code90275
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Courtesy of Shield CRE, Inc.. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.
29403 Indian Valley Road
Rancho Palos Verdes, CA
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