2701 Curtis Avenue, Redondo Beach CA, 90278

Under contract

Active Under Contract

2701 Curtis Avenue

Redondo Beach CA, 90278

$2,750,000

$540.28 per sqft

Under contract

Active Under Contract

5,090 sqft

Condos

Built in 1964

Listed by Brett Lyon with Lyon Stahl Investment Real Estate, Inc. 3107801899

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.

SB24174441

MLSⓇ ID

August 22, 2024

Listed

December 5, 2024

Updated

Map

2701 Curtis Avenue
Redondo Beach CA, 90278

Interior Features

Total Stories: 2
Laundry Description: Laundry Room
Fireplace: No
Cooling: No
Heating: No

Exterior/Building Features

Lot Size: 0.17 Acres
Lot Features: 0-1 Unit/Acre
Sewer: Public Sewer

Other Property Details

Area Name: 151 - N Redondo Bch/Villas North
Days on Market: 104
Garage: Yes
Garage Spaces: 8
Parking Total: 8
View: No
County: Los Angeles
Water Source: Public
Pool: No
Pool Features: None
Zoning: RBR-3

Listing History

Date	Event	Price
12/3/2024	Under contract	—
10/1/2024	Price change	$2,750,000 -2%

Listing Contact: 310-425-9838

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 12/5/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

Data last updated on 12/5/2024 at 4:28 AM UTC