$2,750,000
- Beds
- Unknown
- sq ft
- 5,090
2701 Curtis Ave, Redondo Beach, CA 90278
2701 Curtis Ave
Redondo Beach, CA 90278
- 78 days on market
- Price drop $45,000↓
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.
Details
Property type
Apartment
Lot size
7,504 sq ft
Price per sq ft
$541
Year built
1964
Price History
10/01/2024
CRMLS #SB24174441
Price change
$2,750,000
-1.61%
08/22/2024
CRMLS #SB24174441
Listed
$2,795,000
Schools & Community
Elementary school:
Unknown
Middle school:
Unknown
High school:
Unknown
Community features: Curbs
Community features:
Curbs
Status: Active
Tomo last checked: 11/08/2024 at 5:35 AM
Listing updated: 10/11/2024 at 11:11 PM
Listed by: Brett Lyon, Lyon Stahl Investment Real Estate, Inc. Phone #: (310) 425-9838
MLS: CRMLS #SB24174441
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