CA > Rancho Palos Verdes
Rancho Palos Verdes, CA 90275,29403 Indian Valley Rd
Rancho Palos Verdes, CA 90275,29403 Indian Valley Rd
Rancho Palos Verdes, CA 90275,29403 Indian Valley Rd
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Shawn Kormondy

Shawn Kormondy

+1(323) 638-7567
$2,700,000
Est. payment /mo
11 Beds
8 Baths
5,324 SqFt
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UPDATED:

10/15/2024 10:40 PM

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

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TheMLS (CLAW)
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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Shawn Kormondy

+1(323) 638-7567

Agent | License ID: 01451888

Agent License ID: 01451888

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