2404 Via Campesina - Apartments FOR SALE


Palos Verdes Estates, CA 90274- Palos Verdes Peninsula
$6,998,000 USD
562-225-9260
2404 Via Campesina, Palos Verdes Estates, CA for Sale
$6,998,000 USD
Apartments - FOR SALE
1/13
null | Request Cap Rate

2404 Via Campesina
Palos Verdes Estates, CA 90274
Palos Verdes Peninsula


HIGHLIGHTS

  • Assembly Bill 1211 that went into effect on Jan. 2025, ADU allowances are now allowed on multifamily zoned properties.

OVERVIEW

Pride of Ownership is what you will find with this beautiful 8-unit income property that is located in one of the most prestigious neighborhoods in LA, Malaga Cove, in the heart of Palos Verdes Estates! Income properties like these rarely come on the market (only 26 multi-family properties are available in Palos Verdes) and even more rare is finding one in this completely remodeled condition and location! 2404 and 2412 Via Campesina are made up of two 4-unit properties being sold together as one. They consist of eight 1 Bedroom 1 Bath units with upside in rents with a total rentable living area of 6,278 sq ft on a massive combined 14,406 sq ft lot. Current ownership has invested over a half a million dollars into the property since purchased and has made it a pride of the cove. As we have seen, opportunities to own a trophy property like this don’t come around every day! With Assembly Bill 1211 that went into effect on Jan. 1st, 2025, ADU allowances are now allowed on multifamily zoned properties. The bill permits up to eight detached ADUs, as long as the number does not exceed the existing units within the property and allows ADUs to be built in existing uncovered parking areas without requiring off-street replacement parking.

FOR SALE DETAILS

PRICE

$6,998,000 USD

PRICE/SF

$1,115 USD /SF

# OF UNITS

8

PRICE/UNIT

$874,750

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1954

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.34 AC

LAND SF

14,642 SF

ZONING

PVRM*

APN/PARCEL ID

7539-022-016,7539-022-017

ASK ABOUT THIS PROPERTY

Gulshen KaurRPM Commercial Real EstateMore Info
562-225-9260

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Gulshen KaurRPM Commercial Real EstateMore Info
562-225-9260

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.