5644 Ravenspur Dr | Rancho Palos Verdes, CA 90275
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5644 Ravenspur Dr
Rancho Palos Verdes, CA 90275
Over $1M Price Reduction! · Multifamily Property For Sale
·
49 Units
Investment Highlights
- Major Capital Improvements | The property has undergone extensive capital improvement including re-tiling of all roofs and new electrical subpanels.
- Oversized Floorplans | The layout of the property is incredibly unique comprising of 10 different structures and 34 out of the 49 units are townhomes.
- Oversized Lot with Beautiful Trees, Ample Parking and Amenities | Residents can enjoy ample on-site parking, on-site laundry facilities, and a pool.
- Interest Only Assumable Loan | The property is encumbered with an assumable loan of $10,000,000, interest-only at a fixed rate of 5.55% for 5 years.
- Immediate Rental Upside and 5 Vacant Units | With five units vacant and occupied units well below market rate, this is a terrific value-add deal.
Property Facts
| No. Units | 49 | Building Size | 55,522 SF |
| Property Type | Multifamily | Average Occupancy | 90% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Garden | Year Built | 1969 |
| Building Class | C | Parking Ratio | 1.3/1,000 SF |
| Lot Size | 1.86 AC | ||
| Zoning | RPRM2000* | ||
| No. Units | 49 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 1.86 AC |
| Building Size | 55,522 SF |
| Average Occupancy | 90% |
| No. Stories | 3 |
| Year Built | 1969 |
| Parking Ratio | 1.3/1,000 SF |
| Zoning | RPRM2000* |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Freezer
Site Amenities
- 24 Hour Access
- Controlled Access
- Pool
- Gated
- Online Services
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | - | - |
| 1+1 | 1 | - | - |
| 2+1.5 | 28 | - | - |
| 2+2 | 19 | - | - |
Property Taxes
| Parcel Numbers | Improvements Assessment | $2,233,057 | |
| Land Assessment | $584,298 | Total Assessment | $2,817,355 |
Property Taxes
Parcel Numbers
Land Assessment
$584,298
Improvements Assessment
$2,233,057
Total Assessment
$2,817,355
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