Sold
Closed
29403 Indian Valley Road
Rancho Palos Verdes CA, 90275
$2,575,000
$483.66 per sqft
Sold
Closed
11 Beds
8 Baths
5,324 sqft
Residential
Built in 1972
Listed by Gianluca Jacoli with Shield CRE, Inc. 310-593-9861
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.
24436229
MLSⓇ ID
September 5, 2024
Listed
December 5, 2024
Updated
Map
29403 Indian Valley Road
Rancho Palos Verdes CA, 90275
Interior Features
Total Stories
2
Bedrooms
11
Total Bathrooms
8
Appliances
Dryer, Washer
Laundry Description
Laundry Room
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
0.31 Acres
Other Property Details
Area Name
174 - Crest
Days on Market
40
Garage
Yes
Garage Spaces
4
Parking
Garage
Parking Total
12
View
No
County
Los Angeles
Pool
No
Zoning
RPRM3600*
Listing History
Date | Event | Price |
|---|---|---|
11/25/2024 | Sold | $2,575,000 |
10/15/2024 | Under contract | — |
Listing Contact: 310-593-9869
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 12/5/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
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Data last updated on 12/5/2024 at 8:29 AM UTC