29403 Indian Valley Rd

Rancho Palos Verdes,CA 90275

$ 2700000

11 Beds

8 Baths

5324 SqFt


Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 5,324 sqft

Price per Sqft $507

MLS Listing ID 24-436229

Bedrooms 11

Year Built 1972

Annual Tax Amount $33,750

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 Crest

Zoning RPRM3600*

Rooms

Other Rooms Other

Interior

Heating Other

Cooling Other

Equipment Washer, Dryer

Laundry Room, Laundry Area

Exterior

Garage Garage

Garage Spaces 12.0

Building

Story 2

Others

Special Listing Condition Standard

View More
Favorite Go Tour