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.
- Parking:
- 5.00
- New Construction YN:
- 0
- Laundry:
- Dryer Included, Washer Hookup, Laundry Chute
- Parking:
- Driveway
- Senior Community:
- 0
- List Agent Agent ID:
- CLW-C122805
- Stories:
- 2
- Association:
- 0
- Street:
- Indian Valley
- Street Number:
- 29403
- Street Suffix:
- Road
- Zip4:
- 4835
- Floor Number:
- 0
- Longitude:
- W119° 36' 38.4''
- Latitude:
- N33° 45' 58.3''
- Listing Courtesy of:
- Shield CRE, Inc.
- TaxAnnualAmount:
- $0
- Garage Spaces:
- 4
- Zoning:
- RPRM3600*
- Lot Size Square Feet:
- 13,489 Sqft
- List Agent Last Name:
- Jacoli
- List Agent License Number:
- 01938297
- Special Listing Conditions:
- Standard
- List Office ID:
- CLW-X82383
- List Agent First Name:
- Gianluca
- Directions:
- North of Crest Road, South of Doverridge Drive, East of Hawthorne Boulevard, West of Highridge Road
- MLSAreaMajor:
- 174 - Crest
- Levels:
- Two
- Parcel Number:
- 7585010006
- List Agent License Number:
- 02081496
- TaxAnnualAmount:
- $0
- TaxYear:
- 0
- Tax Rate:
- 1.25
Residential Income For Sale
29403 Indian Valley Road, Rancho Palos Verdes, California 90275
- Property Type :
- Residential Income
- Listing Type :
- Sold
- Listing ID :
- 24436229
- List Price :
- $2,700,000
- Year Built :
- 1972
- Lot Area :
- 0.31 Sqft
- Country:
- US
- State:
- CA
- County:
- Los Angeles
- City:
- Rancho Palos Verdes
- Zipcode:
- 90275
- Close Price :
- $2,575,000
- Status :
- Closed
- Price Per Square Foot :
- $484
- Days on Market :
- 40
