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.
Features
: 8.00
0
: Individual Room
: Public Sewer
: 2+ Common Walls
0
SBLYONBRE
: Public
: 0-1 Unit/acre
: Curbs
2
1
: First And Second Floor
Address Map
Curtis
2701
Avenue
2205
0
W119° 38' 16.6''
N33° 52' 40.1''
MLS Addon
Lyon Stahl Investment Real Estate, Inc.
$0
8
RBR-3
7,504 Sqft
Lyon
01717818
: Standard
sb1310620
Brett
Curtis & Inglewood Ave
151 - N Redondo Bch/Villas North
4153030006
01972083
$0
0
Residential Income For Sale
2701 Curtis Avenue, Redondo Beach, California 90278
0.17 Sqft
$2,750,000
Listing ID #SB24174441
Basic Details
Property Type : Residential Income
Listing Type : For Sale
Listing ID : SB24174441
List Price : $2,750,000
Year Built : 1964
Lot Area : 0.17 Sqft
Country : US
State : California
County : Los Angeles
City : Redondo Beach
Zipcode : 90278
Status : Active under contract
Property Type : Apartment
Price Per Square Foot : $540
Days on Market : 103