2701 Curtis Ave - Apartments FOR SALE


Redondo Beach, CA 90278- North Redondo Beach
$2,750,000 USD
310-425-9838
2701 Curtis Ave, Redondo Beach, CA for Sale
$2,750,000 USD
Apartments - FOR SALE
1/8
null | 4.45% Cap Rate

2701 Curtis Ave
Redondo Beach, CA 90278
North Redondo Beach


HIGHLIGHTS

  • Well-Maintained 8-Unit in North Redondo
  • Strong Unit Mix: (2) 2-Bed/1-Bath Units, (6) 1-Bed/1-Bath Units
  • 4.36% CAP | 14.80 GRM
  • 25% Rental Upside | 5.82% Market Cap | 11.85 Market GRM
  • 5,090 Total SF On a Large 7,504 SF Lot
  • Good Location in North Redondo, Appx 10 Minutes to the Manhattan Beach Pier + Redondo Performing Arts Center

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$2,750,000 USD

PRICE/SF

$540 USD /SF

# OF UNITS

8

PRICE/UNIT

$343,750

CAP RATE

4.45%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1964

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

RBR-3

APN/PARCEL ID

4153-030-006

ASK ABOUT THIS PROPERTY

Brett LyonLyon Stahl Investment Real EstateMore Info
310-425-9838

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Brett LyonLyon Stahl Investment Real EstateMore Info
310-425-9838

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.