29403 Indian Valley Road

Rancho Palos Verdes, CA 90275

$2,700,000

List Price

11

bed Beds

8

shower Baths

5,324 sqft

straighten / sqft

1972

calendar_month Built

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 3-bedroom unit will be delivered vacant and is down to the studs which presents an outstanding opportunity for an owner/user or investor to upgrade the unit. 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.

Listing Information

List Price $2,700,000
Status Active
MLS 24436229
Type Residential Income
Year Built 1972
Lot Size 13,489
Structure Size 5,324
DOM 8
Courtesy Of Shield CRE, Inc.
Listing Agent Gianluca Jacoli DRE#01938297

Interior Features

Laundry Information
Location(s) Laundry Room
Total Bedroom
Bedrooms 11
Total Bathroom
Bathrooms 8

Exterior Information

Other Structures
Features Deck

Maps

Listing information courtesy of: Gianluca Jacoli, Shield CRE, Inc. . *Based on information from the Association of REALTORS/Multiple Listing as of Sep 13th, 2024 at 12:16 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.