2701 Curtis Avenue
Redondo Beach, CA, 90278
$2,750,000
Beds
0 Baths
SqFt
0.17 Acres
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Discover this well-maintained 8-unit property located in North Redondo. Situated on a spacious 7,504 SF lot, this property offers a total of 5,090 SF of living space, with a mix of (2) 2-bed/1-bath units and (6) 1-bed/1-bath units. Priced at an attractive $343,750 per unit, the property boasts a strong income with a 4.45% CAP rate and a 14.56 GRM on current rents. It also has very strong upside potential with 25% rental upside and a market cap of 5.94%. Altogether, this is an excellent investment opportunity in a desirable, beach city location, perfect for those looking to capitalize on the steady rental market in this sought-after area w/ long term appreciation potential.

Property Details

Price:
$2,750,000
MLS #:
SB24174441
Status:
Active
Baths:
0
Address:
2701 Curtis Avenue
Type:
Residential Income
Subtype:
Apartment
Neighborhood:
151nredondobchvillasnorth
City:
Redondo Beach
Listed Date:
Aug 22, 2024
State:
CA
ZIP:
90278
Lot Size:
7,504 sqft / 0.17 acres (approx)
Year Built:
1964
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Community Features
Curbs
Garage Spaces
8.00
Lot Features
0-1 Unit/ Acre
Parking Spots
8.00
Pool Features
None
Sewer
Public Sewer
Stories Total
2
Water Source
Public

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