Residential Income – 2400 Palos Verdes Dr W, Palos Verdes Estates, CA 90274, USA -001-11-30T00:00:00-08:00
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 tw
2400 Palos Verdes Dr W, Palos Verdes Estates, CA 90274, USA
$12,495,000 USD
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Address2400 Palos verdes Drive, Palos Verdes Estates
Price$12,495,000
Price Changed3.84% (-$500,000, 34 days ago)
Year Built1961
Bedrooms Total0
Living Area23,361 ft2
Lot Size (Sq.Ft.)24,469
Listing IDSB19075916
StatusActive
Parcel Number7543023015
ZoningPVRM
Special ConditionsStandard
Days on Market269

Detailed 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.

Fireplace
Laundry
Pool Private
Rent Control
Senior Community
Property Attached
Land Lease

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Address Information
Address2400 Palos verdes Drive, Palos Verdes Estates
Street SuffixDrive
CityPalos Verdes Estates
Location (MLS Area)160 – Lunada Bay/Margate
County Or ParishLos Angeles
State or ProvinceCA
Postal Code90274
Postal Code Plus42757
CountryUS
Financial Information
Price Changed-3.8476%
Previous Price$12,995,000
Price per Square Foot$534.87
Price per Lot Square Foot$510.65
Special ConditionsStandard
Total Expenses$368,766
Professional Management Expense$29,462
Operating Expense$427,715
Insurance Expense$15,719
Electric Expense$3,260
Water Sewer Expense$8,740
Trash Expense$27,382
Gross Income$607,590
Gross Scheduled Income$651,000
Net Operating Income$223,285
Laundry Income$2,490
Gross Multiplier19.19%
Tax Year2000
Tax Lot9
New Taxes Expense$156,188
Full Descriptions
Parcel Number7543023015
Detailed DescriptionLunada 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.
Lot FeaturesLandscaped, Lot 20000-39999 Sqft
Community FeaturesCurbs, Sidewalks
Water SourcePublic
Laundry FeaturesCommunity
Sewer DescriptionPublic Sewer
Fireplace FeaturesLiving Room
Common Walls Description2
Pool FeaturesCommunity, In Ground
Property parameters
Year Built1961
Living Area (Sq.Ft.)23,361 ft2
Lot Size (Sq.Ft.)24,469
Lot Size (Acres)0.562
Lot Size SourceAssessor
Number of Buildings1
Number of Units Total24
ZoningPVRM
Stories Total2
Parking Spaces24
Garage Spaces24
Water SourcePublic
Units Total24
Year Built SourceAssessor
Number of Separate Electric Meters25
Number of Separate Gas Meters25
Number of Separate Water Meters1
Improvements81%%
Cap Rate (For Cash Payment Only)1.81
Listed withAdolph James (Beach City Brokers)