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$2,700,000

Est. payment - /mo

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11 BD

8 BA

5,324 SqFt

Active Under Contract

29403 Indian Valley RD Rancho Palos Verdes, CA 90275

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Nathan King Real Estate Group

info@kingrealestate.group +1(559) 396-0000

UPDATED:

10/15/2024 11:07 PM

Key Details

Property Type Multi-Family

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 5,324 sqft

Price per Sqft $507

MLS Listing ID 24436229

Bedrooms 11

HOA Y/N No

Year Built 1972

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 174 - Crest

Zoning RPRM3600*

Rooms

Ensuite Laundry Laundry Room

Interior

Laundry Location Laundry Room

Fireplace No

Appliance Dryer, Washer

Laundry Laundry Room

Exterior

Garage Garage

Garage Spaces 4.0

Garage Description 4.0

Porch Deck

Parking Type Garage

Total Parking Spaces 12

Building

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 7585010006

Special Listing Condition Standard

Listed by Gianluca Jacoli • Shield CRE, Inc.

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Nathan King Real Estate Group

Broker | License ID: 01878277

+1(559) 396-0000

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