$2,750,000
2701 Curtis AVE Redondo Beach, CA 90278
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$2,750,000
Est. payment /mo
7,504 Sqft Lot
Price Dropped by $45K
2701 Curtis AVE Redondo Beach, CA 90278
UPDATED:
10/01/2024 04:38 PM
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRSB24174441
Originating Board California Regional MLS
Year Built 1964
Lot Size 7,504 Sqft
Property Description
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.
Location
State CA
County Los Angeles
Area 151 - N Redondo Bch/Villas North
Interior
Laundry In Laundry Room
Exterior
Garage Spaces 8.0
Pool None
Building
Water District - Public
Others
Tax ID 4153030006
Special Listing Condition Not Applicable
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Listed by Brett Lyon • Lyon Stahl Investment Real Estate, Inc.
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