29403 Indian Valley Road, Rancho Palos Verdes, CA 90275
-
Listed Price :
$2,700,000
-
Beds :
11
-
Baths :
8
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Property Size :
5,324 sqft
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Year Built :
1972
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.
Interior Features
| Laundry Information |
| Location(s) |
Laundry Room |
| Bedroom Information |
| Bedrooms |
11 |
| Bathroom Information |
| Bathrooms |
8 |
Listing Information
| Address |
29403 Indian Valley Road |
| City |
Rancho Palos Verdes |
| State |
CA |
| Zip |
90275 |
| County |
Los Angeles |
| Listing Agent |
Gianluca Jacoli DRE #01938297 |
| Courtesy Of |
Shield CRE, Inc. |
| List Price |
$2,700,000 |
| Status |
Active |
| Type |
Residential Income |
| Structure Size |
5,324 |
| Lot Size |
13,489 |
| Year Built |
1972 |
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.
