Property Description
The Lunada Bay Apartments, a beautiful coastal 24-unit apartment complex located in Palos Verdes Estates, CA. Built in 1961 by the current ownership, the property offers a mix of large 1, 2, and 3 bedroom units all individually metered for gas and electric. Most of the units have been updated with granite countertops, cabinets, new paint and carpet, and all of them have gas log fireplaces. In addition, several units have Ocean Views along with patios and/or balconies. The property contains 24 garage parking spaces with automatic garage doors, onsite laundry, and pool. The Lunada Bay Apartments offers the opportunity to purchase an income producing asset with over a 20% upside in rents and over a 4% cap rate on market rents
Features
- Pool
- Heating System
- Fireplace:
- Two Way
- Parking:
- 13.00
- New Construction YN:
- 0
- Laundry:
- Gas & Electric Dryer Hookup
- Sewer:
- Conventional Septic
- Common Walls:
- 2+ Common Walls
- Senior Community:
- 0
- List Agent Agent ID:
- PKERACHR
- Water Source:
- Public
- Lot Features:
- Landscaped
- Community Features:
- Suburban
- Spa Construction:
- No
- Appliances:
- Microwave
- Spa:
- 1
- Interior Features:
- Balcony, Granite Counters
Address Map
- Street:
- Palos Verdes Drive West
- Street Number:
- 2400
- Street Suffix:
- Drive
- Zip4:
- 2757
- Floor Number:
- 0
- Longitude:
- W119° 35' 2''
- Latitude:
- N33° 46' 26.8''
- Street Dir Suffix:
- W
MLS Addon
- Listing Courtesy of:
- Triqor Group
- TaxAnnualAmount:
- $0
- Garage Spaces:
- 24
- Zoning:
- PVRM*
- Lot Size Square Feet:
- 24,451 Sqft
- List Agent Last Name:
- Keramati
- List Agent License Number:
- 01702116
- Special Listing Conditions:
- Standard
- List Office ID:
- PB7936
- List Agent First Name:
- Chris
- Directions:
- Please Contact Listing Agent For All Directions
- MLSAreaMajor:
- 699 - Not Defined
- Parcel Number:
- 7543023015
- List Agent License Number:
- 01921625
- TaxAnnualAmount:
- $0
- TaxYear:
- 0
Residential Income Sold
2400 Palos Verdes Drive West Drive, Palos Verdes Estates, California 90274
0.56 Sqft
$12,600,000
Listing ID #PW20115754
Basic Details
- Property Type :
- Residential Income
- Listing Type :
- Sold
- Listing ID :
- PW20115754
- List Price :
- $12,600,000
- Year Built :
- 1961
- Lot Area :
- 0.56 Sqft
- Country:
- US
- State:
- CA
- County:
- Los Angeles
- City:
- Palos Verdes Estates
- Zipcode:
- 90274
- Close Price :
- $12,000,000
- Status :
- Closed
- Property Type :
- Single Family Residence
- Price Per Square Foot :
- $514
- Days on Market :
- 92
