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29403 Indian Valley Road
USD 2,700,000
Property ID: 24436229
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29403 Indian Valley Road ,90275
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icon 13489 SqFt
icon Built in 1972
icon USD 200/SqFt
icon 11 Beds
icon 8 Full
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icon --
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Location Street View
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Interior Details
Bedrooms
11
Bathrooms
8
Interior Size
5324
Construction Details
Property Type --
Property Condition --
Architectural Style --
New Construction --
Year Built 1972
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Detailed Introduction Of This Home
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 & 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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Contact Development/Agent
Cissy Tang
TEL: (+1)626 9868**** icon
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+87
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Contact Development/Agent
icon
Cissy Tang
(+1)626 9868**** icon
Please enter your nationality
+87
Cannot be empty
Email address is invalid Email address not authenticated!
Cissy Tang
(+1)626 9868**** icon
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Photos (16)
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29403 Indian Valley Road
USD 2,700,000 11 Beds
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