Homes for sale - 29403 Indian Valley Rd, Rancho Palos Verdes, CA 90...

Rancho Palos Verdes, CA 90275,29403 Indian Valley Rd

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Gregory Masi

gregory@gregorymasi.com +1(310) 488-4880

$ 2,700,000

Est. payment | -/mo

11 Beds

8 Baths

5,324 SqFt

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$ 2,700,000

Est. payment | -/mo

Save

11 Beds

8 Baths

5,324 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

Acres 0.3097

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

Level or Stories Two

Others

Special Listing Condition Standard

The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2024 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Shield CRE, Inc.

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Gregory Masi

REALTOR® | Lic# 1708321

gregory@gregorymasi.com

+1(310) 488-4880

11601 Wilshire Blvd., Suite 101 Los Angeles, CA

29403 Indian Valley Rd Rancho Palos Verdes, CA 90275

Gregory Masi

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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29403 Indian Valley Rd