29403 Indian Valley Road Rancho Palos Verdes, CA 90275
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.
- Property TypeMulti-Family
- NeighborhoodN/A
- CountyLos Angeles
- Taxes$0
- HOA/Condo/Coop Fees$0
- Days on Site28 Days
- MLS StatusActive
- MLS ID Number24436229
- Home Size Source Estimated
- Year Built1972
- Lot Size0.3097 Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Parking Garage
- Parking Spaces 12
- Number of Stories 22
- Acreage 0.3097
- Garage Spaces 4
- Zoning RPRM3600*
- Listing Conditions Standard
Interior Features
- Laundry Features Washer IncludedDryer IncludedIndividual Room
Exterior Features
- Patio And Porch Deck
Community Features
- Senior Community No
- MLS Area 174 - Crest