29403 Indian Valley Rd, Rancho Palos Verdes, California, United States

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Home For Sale

$2,700,000

29403 Indian Valley Rd
Rancho Palos Verdes, California, United States

11bd 8ba

Listed By: Realtyww Info

Listed On: 09/08/2024

Listing ID: GL11271500 View More Details

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 3-bedroom unit will be delivered vacant and is down to the studs which presents an outstanding opportunity for an owner/user or investor to upgrade the unit. 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 and 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.

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Listed by: Gianluca Jacoli