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Listed by Brett Dalton Lyon • Lyon Stahl Investment Real Estate, Inc.
$2,750,000
Est. payment /mo
5,090 SqFt
Active
2701 Curtis Avenue Redondo Beach, CA 90278
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UPDATED:
01/09/2025 12:33 AM
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 5,090 sqft
Price per Sqft $540
MLS Listing ID SB-24174441
Year Built 1964
Lot Size 7,504 Sqft
Property 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.
Location
State CA
County Los Angeles
Zoning RBR-3
Interior
Laundry Individual Room
Exterior
Parking Features Gated
Garage Spaces 8.0
Pool None
Community Features Curbs
Building
Lot Description 0-1 Unit/Acre
Sewer Public Sewer