2400 Palos Verdes Drive W

    Palos Verdes Estates, CA 90274
    • $12,495,000
    • STATUS: Active
    • ON SITE: 263 days
    • ID#: SB19075916
    UPDATED: 35 min ago
    $12,495,000
    • 0
      BEDS
    • 0.56
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 23,361
      SQFT
    • $535
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1961
    County:

    School Ratings & Info

    Description

    Lunada Bay is a picturesque seaside residential community within the city of Palos Verdes Estates. Known for award winning public schools, plenty of parks and green spaces, trails and incredible views. This building is comprised of 8 one bed/one bath, 9 two bed/two bath, 5 two bedroom/1 bath and 2 three bed/two bath units. Most units have been updated with granite counters, travertine stone, upgraded cabinets, carpet and paint. All units have fireplaces with gas logs. Immaculate, lush grounds with pool and laundry on the premises. Some units have ocean views perfect for watching the beautiful South Bay sunsets.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-02-16T23:28:14.23. 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 deemed reliable but is not guaranteed accurate by the MLS or Steele Canyon Realty. Licensed in the State of California, USA.

    www.steelecanyonrealty.com/homes/95300605

    2400 Palos Verdes Drive W Palos Verdes Estates, CA 90274

    • Price: $12,495,000
    • Status: Active
    • Updated: 35 min ago
    • ID#: SB19075916
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.56
    Acres
    23,361
    SQFT
    $535
    $/SQFT
    1961
    Built
    Neighborhood:
    160 - Lunada Bay/Margate
    County:
    Los Angeles
    Area:
    160 - Lunada Bay/Margate
    Property Description
    Lunada Bay is a picturesque seaside residential community within the city of Palos Verdes Estates. Known for award winning public schools, plenty of parks and green spaces, trails and incredible views. This building is comprised of 8 one bed/one bath, 9 two bed/two bath, 5 two bedroom/1 bath and 2 three bed/two bath units. Most units have been updated with granite counters, travertine stone, upgraded cabinets, carpet and paint. All units have fireplaces with gas logs. Immaculate, lush grounds with pool and laundry on the premises. Some units have ocean views perfect for watching the beautiful South Bay sunsets.
    Exterior Features

    Garage Spaces 24.00 Lot Features LandscapedLot 20000-39999 Sqft Lot Size Source Assessor Lot Size Units Square Feet Parking Total 24.00 Pool Features CommunityIn Ground Pool Private YN No Property Attached YN Yes

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 2+ Common Walls Fireplace Features Living Room Fireplace YN Yes Laundry Features Community

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Cap Rate 1.81 Community Features CurbsSidewalks Country Us Electric Expense 3260.00 Elevation Units Feet Fuel Expense 0.00 Gross Income 607590.00 Gross Multiplier 19.19 Gross Scheduled Income 651000.00 Improvements Percent 81.00 Insurance Expense 15719.00 Land Lease YN No Laundry Income 2490.00 Laundry YN Yes Net Operating Income 223285.00 New Construction YN No New Taxes Expense 156188.00 Number Of Separate Electric Meters 25 Number Of Separate Gas Meters 25 Number Of Separate Water Meters 1 Operating Expense 427715.00 Professional Management Expense 29462.00 Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Expenses 368766.00 Trash Expense 27382.00 Water Sewer Expense 8740.00 Water Source Public Year Built Source Assessor Zoning Pvrm*

    Listing provided courtesy of Adolph James of Beach City Brokers


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-02-16T23:28:14.23. 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 deemed reliable but is not guaranteed accurate by the MLS or Steele Canyon Realty. Licensed in the State of California, USA.

     
    Steele Canyon Realty
    5923 Severin Drive
    La Mesa CA, 91942