tomo logo

$2,750,000

Beds
Unknown
sq ft
5,090

2701 Curtis Ave, Redondo Beach, CA 90278

2701 Curtis Ave

Redondo Beach, CA 90278

  • 44 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

CRMLS #SB24174441

Price change
$2,750,000
-1.61%
08/22/2024
CRMLS

CRMLS #SB24174441

Listed
$2,795,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Curbs

Status: Active

Tomo last checked: 10/05/2024 at 12:25 AM

Listing updated: 10/01/2024 at 9:59 AM

Listed by: Brett Lyon, Lyon Stahl Investment Real Estate, Inc. Phone #: (310) 425-9838

MLS: CRMLS #SB24174441

CRMLS logo

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