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2701 Curtis Avenue, Redondo Beach, CA 90278
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2701 Curtis Avenue
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  • MLS#: SB24174441 ( Apartment )
  • Street Address: 2701 Curtis Avenue
  • Viewed: 1
  • Price: $2,750,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1964
  • Bldg sqft: 0
  • Days On Market: 86
  • Additional Information
  • County: LOS ANGELES
  • City: Redondo Beach
  • Zipcode: 90278
  • Provided by: Lyon Stahl Investment Real Estate, Inc.
  • Contact: Brett Brett
  • California Regional MLS IDX
  • DMCA Notice
  • 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.
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Features
Building Area Total
  1. 5090.00
Commoninterest
  1. Community Apartment
Common Walls
  1. 2+ Common Walls
Country
  1. US
Days On Market
  1. 45
Electric Expense
  1. 0.00
Entry Location
  1. First and second floor
Fuel Expense
  1. 0.00
Garage Spaces
  1. 8.00
Insurance Expense
  1. 5090.00
Laundry Features
  1. Individual Room
Laundry Income
  1. 38.00
Lot Features
  1. 0-1 Unit/Acre
Netoperatingincome
  1. 122412.00
Parcel Number
  1. 4153030006
Pool Features
  1. None
Postalcodeplus4
  1. 2205
Professionalmanagementexpense
  1. 9443.00
Property Type
  1. Apartment
Sewer
  1. Public Sewer
Sourcesystemid
  1. CRM
Sourcesystemkey
  1. 421619319:CRM
Totalexpenses
  1. 60784.00
Trash Expense
  1. 0.00
Water Sewer Expense
  1. 0.00
Water Source
  1. Public
Year Built
  1. 1964
Year Built Source
  1. Public Records
Zoning
  1. RBR-3