2701 Curtis Avenue, Redondo Beach, CA 90278
Contact Silva Babaian
Schedule A Showing
Request more information
- MLS#: SB24174441 ( Apartment )
- Street Address: 2701 Curtis Avenue
- Viewed: 10
- Price: $2,750,000
- Price sqft: $0
- Waterfront: No
- Year Built: 1964
- Bldg sqft: 0
- Days On Market: 123
- Additional Information
- County: LOS ANGELES
- City: Redondo Beach
- Zipcode: 90278
- Provided by: Lyon Stahl Investment Real Estate, Inc.
- Contact: Brett Brett
- DMCA Notice
-
DescriptionDiscover 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 Location and Similar Properties
Features
Building Area Total
- 5090.00
Commoninterest
- Community Apartment
Common Walls
- 2+ Common Walls
Country
- US
Days On Market
- 117
Electric Expense
- 0.00
Entry Location
- First and second floor
Fuel Expense
- 0.00
Garage Spaces
- 8.00
Insurance Expense
- 5090.00
Laundry Features
- Individual Room
Laundry Income
- 38.00
Lot Features
- 0-1 Unit/Acre
Netoperatingincome
- 122412.00
Parcel Number
- 4153030006
Pool Features
- None
Postalcodeplus4
- 2205
Professionalmanagementexpense
- 9443.00
Property Type
- Apartment
Sewer
- Public Sewer
Sourcesystemid
- CRM
Sourcesystemkey
- 421619319:CRM
Totalexpenses
- 60784.00
Trash Expense
- 0.00
Views
- 10
Water Sewer Expense
- 0.00
Water Source
- Public
Year Built
- 1964
Year Built Source
- Public Records
Zoning
- RBR-3