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.

©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 12/5/2024 at 8:29 AM UTC

 

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