Active

2701 Curtis Avenue

Redondo Beach CA, 90278

$2,750,000


$540.28 per sqft

Active

5,090 sqft

Condo

Built in 1964

Listed by Brett Lyon with Lyon Stahl Investment Real Estate, Inc. 3107801899

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.

SB24174441

MLS ID

August 22, 2024

Listed

October 4, 2024

Updated

Map

2701 Curtis Avenue
Redondo Beach CA, 90278

Interior Features

Total Stories

2


Laundry Description

Laundry Room


Fireplace

No


Cooling

No


Heating

No

Exterior/Building Features

Lot Size

0.17 Acres


Lot Features

0-1 Unit/Acre


Sewer

Public Sewer

Other Property Details

Area Name

151 - N Redondo Bch/Villas North


Days on Market

40


Garage

Yes


Garage Spaces

8


Parking Total

8


View

No


County

Los Angeles


Water Source

Public


Pool

No


Pool Features

None


Zoning

RBR-3

Listing History

Date

Event

Price

10/1/2024

Price change

$2,750,000

-2%

Listing Contact: 310-425-9838 

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 10/4/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 10/4/2024 at 2:21 AM UTC

 

Powered byLuxury Presence