2701 Curtis AVE, REDONDO BEACH CA, 90278

Under contract

2701 Curtis AVE

REDONDO BEACH CA, 90278

$2,750,000

$540.28 per sqft

Under contract

10 Beds

8 Baths

5,090 sqft

Multi-family

Built in 1964

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.

SB24174441MR

MLSⓇ ID

August 22, 2024

Listed

December 3, 2024

Updated

Map

2701 Curtis AVE
REDONDO BEACH CA, 90278

Interior Features

Total Stories: 2
Bedrooms: 10
Total Bathrooms: 8
Laundry Description: Room
Fireplace: No
Cooling: No
Heating: No

Exterior/Building Features

Lot Size: 0.17 Acres
Sewer: Public Sewer

Other Property Details

Area Name: N. Redondo Beach/Villas North
Days on Market: 102
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%

Listed by Brett Lyon with Lyon Stahl Investment Real Estate, Inc.
Listing Contact: 310-706-4066

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Data last updated 12/3/2024