$2,575,000
$2,700,000
4.6%For more information regarding the value of a property, please contact us for a free consultation.
11 Beds
8 Baths
5,324 SqFt
SOLD DATE : 11/25/2024
Key Details
Sold Price $2,575,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 5,324 sqft
Price per Sqft $483
MLS Listing ID 24436229
Sold Date 11/25/24
Bedrooms 11
HOA Y/N No
Year Built 1972
Lot Size 0.310 Acres
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 174 - Crest
Zoning RPRM3600*
Interior
Fireplace No
Appliance Dryer, Washer
Laundry Laundry Room
Exterior
Parking Features Garage
Garage Spaces 4.0
Garage Description 4.0
Porch Deck
Total Parking Spaces 12
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 7585010006
Special Listing Condition Standard
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Gianluca Jacoli • Shield CRE, Inc.