$2,750,000
2701 Curtis Avenue
Redondo Beach, CA, 90278
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.
Property Details
Price:
$2,750,000
MLS #:
SB24174441
Status:
Active Under Contract
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
Schools
Interior
Exterior
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
Financial
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Courtesy of Lyon Stahl Investment Real Estate, Inc.. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than Mohr Real Estate Group include the name of the listing broker. Neither the listing company nor Mohr Real Estate Group shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved. 2701 Curtis Avenue
Redondo Beach, CA
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