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7 Clipper Rd 4 Unit Apartment Building $2,400,000 ($600,000/Unit) 3.09% Cap Rate Rancho Palos Verdes, CA 90275
INVESTMENT HIGHLIGHTS
- Desirable unit mix of (1) owners suite 4 Bedroom / 2 Bath, (1) 2 Bed / 2 Bath, and (2) 1 Bed / 1 Bath units.
- Property Amenities include: a tranquil courtyard, onsite laundry room, ample onsite parking, fireplaces in owner’s unit, attractive finishes and mor
- Units are large and well laid out, and three units have beautiful ocean views!
- PV has award winning schools, coastal beauty and multifamily investments there are incredibly limited and rare.
EXECUTIVE SUMMARY
The Cohen Group is proud to present 7 Clipper Road, a rare four-unit offering in the heart of Rancho Palos Verdes. Perfect for investors or owner-occupants, this seaside property sits on a generous 7,282 sq ft lot just one block from the Pacific Ocean, boasting panoramic views of the bay and surrounding cliffs.
The 4,457 sq ft building features an exceptional unit mix:
• (1) Four Bed / Two Bath
• (1) Two Bed / Two Bath
• (2) One Bed / One Bath
Each unit is significantly larger than average, with well-designed layouts. The largest unit boasts fireplaces and washer/dryer hookups, and other attractive finishes. Three of the four units enjoy ocean views, and two have been recently updated—while the remaining two offer substantial upside potential.
Additional highlights include:
• All-electric property
• Newer roof replaced six years ago (Buyer to verify)
• Onsite laundry and garage storage
• Quiet shared patio for tenants
• Under-market rents with clear value-add opportunity
• First time on the market in decades
Rancho Palos Verdes is renowned for its top-tier schools, coastal beauty, and upscale amenities. Multifamily opportunities in this enclave are exceedingly rare—don’t miss your chance to own this legacy asset. To discuss writing your offer, contact Josh Cohen today.
The 4,457 sq ft building features an exceptional unit mix:
• (1) Four Bed / Two Bath
• (1) Two Bed / Two Bath
• (2) One Bed / One Bath
Each unit is significantly larger than average, with well-designed layouts. The largest unit boasts fireplaces and washer/dryer hookups, and other attractive finishes. Three of the four units enjoy ocean views, and two have been recently updated—while the remaining two offer substantial upside potential.
Additional highlights include:
• All-electric property
• Newer roof replaced six years ago (Buyer to verify)
• Onsite laundry and garage storage
• Quiet shared patio for tenants
• Under-market rents with clear value-add opportunity
• First time on the market in decades
Rancho Palos Verdes is renowned for its top-tier schools, coastal beauty, and upscale amenities. Multifamily opportunities in this enclave are exceedingly rare—don’t miss your chance to own this legacy asset. To discuss writing your offer, contact Josh Cohen today.
FINANCIAL SUMMARY (ACTUAL - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$116,040
|
$15.63
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$116,040
|
$15.63
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$41,966
|
$5.65
|
| Net Operating Income |
$74,074
|
$9.98
|
FINANCIAL SUMMARY (ACTUAL - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $116,040 |
| Annual Per SF | $15.63 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $116,040 |
| Annual Per SF | $15.63 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $41,966 |
| Annual Per SF | $5.65 |
| Net Operating Income | |
|---|---|
| Annual | $74,074 |
| Annual Per SF | $9.98 |
PROPERTY FACTS
| Price | $2,400,000 | Property Subtype | Apartment |
| Price Per Unit | $600,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.18 AC |
| Cap Rate | 3.09% | Building Size | 7,423 SF |
| Gross Rent Multiplier | 20.68 | No. Stories | 2 |
| No. Units | 4 | Year Built | 1962 |
| Property Type | Multifamily | Parking Ratio | 1.5/1,000 SF |
| Zoning | RPRS10000S - One-Family Residential RS Uses | ||
| Price | $2,400,000 |
| Price Per Unit | $600,000 |
| Sale Type | Investment |
| Cap Rate | 3.09% |
| Gross Rent Multiplier | 20.68 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.18 AC |
| Building Size | 7,423 SF |
| No. Stories | 2 |
| Year Built | 1962 |
| Parking Ratio | 1.5/1,000 SF |
| Zoning | RPRS10000S - One-Family Residential RS Uses |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Disposal
- Kitchen
- Refrigerator
- Tub/Shower
- Double Pane Windows
- Patio
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 4+2 | 1 | $4,395 | - |
| 2+2 | 1 | $2,900 | - |
| 1+1 | 2 | $2,375 | - |
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PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $958,224 | |
| Land Assessment | $1,381,140 | Total Assessment | $2,339,364 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$1,381,140
Improvements Assessment
$958,224
Total Assessment
$2,339,364
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