Redondo Beach, CA 90278,2701 Curtis AVE
Redondo Beach, CA 90278,2701 Curtis AVE
Redondo Beach, CA 90278,2701 Curtis AVE
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Diego Magdaleno

Diego Magdaleno

1Vision Real Estate

+1(714) 681-1222
$2,750,000
Est. payment /mo
7,505 Sqft Lot
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UPDATED:

10/01/2024 04:35 PM

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID SB24174441

HOA Y/N No

Year Built 1964

Lot Size 7,505 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

Zoning RBR-3

Interior

Fireplace No

Laundry Laundry Room

Exterior

Garage Spaces 8.0

Garage Description 8.0

Pool None

Community Features Curbs

Total Parking Spaces 8

Private Pool No

Building

Lot Description 0-1 Unit/Acre

Story 2

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 4153030006

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Standard


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California Regional MLS (CRMLS)
Listed by Brett Lyon • Lyon Stahl Investment Real Estate, Inc. • 3107801899
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2701 Curtis AVE