Water Views
Address
2400 Palos Verdes Drive West Drive W Palos Verdes Estates, CA
Price
$ 12,600,000
Property Attributes
  • MLS#PW20115754
  • TypeIncome
  • CountyLOS ANGELES
  • CityPalos Verdes Estates
  • Zip90274
  • Style
  • Price$ 12,600,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage23361
  • Lot Size0.56 Acres
Listing Provided Courtesy Of:
Chris Keramati with Triqor Group.
Property Description

The Lunada Bay Apartments, a beautiful coastal 24-unit apartment complex located in Palos Verdes Estates, CA. Built in 1961 by the current ownership, the property offers a mix of large 1, 2, and 3 bedroom units all individually metered for gas and electric. Most of the units have been updated with granite countertops, cabinets, new paint and carpet, and all of them have gas log fireplaces. In addition, several units have Ocean Views along with patios and/or balconies. The property contains 24 garage parking spaces with automatic garage doors, onsite laundry, and pool. The Lunada Bay Apartments offers the opportunity to purchase an income producing asset with over a 20% upside in rents and over a 4% cap rate on market rents

Price History
6/23/2020 Listed $12,600,000

General Features

Attached Structure Attached
Community Features Suburban
Directions Please Contact Listing Agent For All Directions
Listagentaor Pacific West
Listing Agent Chris Keramati - BRE#01702116
Listing Agent State License 01702116
MLS Area 699 - Not Defined
Price Per Square Foot 539.36
Property Attached Y/N Yes
Source System CRMLS
Spa Features Community
Special Listing Conditions Standard
Total Units 24
Zoning PVRM*

Interior Features

1st Bedroom Area Unit Type Square Feet
2nd Bedroom Area Unit Type Square Feet
3rd Bedroom Area Unit Type Square Feet
Appliances Dishwasher
Appliances Y/N Yes
Common Walls 2+ Common Walls
Fireplace Features Gas
Fireplace Y/N Yes
Heating Wall Furnace
Heating Y/N Yes
Interior Features Balcony, Granite Counters
Laundry Features Community
Laundry Y/N Yes
Studio Area Unit Type Square Feet

Exterior Features

Building Area Total 23361.00
Garage Spaces 24.00
Lot Features Landscaped
Lot Size Acres 0.5613
Lot Size Area 24451.0000
Lot Size Source Assessor
Lot Size Square Feet 24451.00
Lot Size Units Square Feet
Number of Buildings 1
Number of Separate Electric Meters 24
Number of Separate Gas Meters 24
Number of Separate Water Meters 1
Pool Features Community
Sewer Public Sewer
Spa Yes
Total Parking 24.00
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 90274

Price
AVG $12.6M
$12.6M
Visits
AVG 23
25
Year Built
AVG 1961
1961

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