$2,750,000
2701 Curtis Avenue Redondo Beach, CA 90278
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$2,750,000
Est. payment /mo
5,090 SqFt
Active
2701 Curtis Avenue Redondo Beach, CA 90278
UPDATED:
10/01/2024 07:07 PM
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 5,090 sqft
Price per Sqft $540
MLS Listing ID CRSB24174441
HOA Y/N No
Year Built 1964
Lot Size 7,504 Sqft
Acres 0.17
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 Listing
Zoning RBR-
Interior
Fireplace No
Laundry Laundry Room
Building
Sewer Public Sewer
Water Public
New Construction No
Others
Tax ID 4153030006
© 2024 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Listed by Brett Lyon • Lyon Stahl Investment Real Estate, Inc.
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