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$2,750,000

Est. payment - /mo

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5,090 SqFt

Price Dropped by $45K

2701 Curtis AVE Redondo Beach, CA 90278

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Nathan King Real Estate Group

info@kingrealestate.group +1(559) 396-0000

UPDATED:

10/01/2024 04:35 PM

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Square Footage 5,090 sqft

Price per Sqft $540

MLS Listing ID SB24174441

HOA Y/N No

Year Built 1964

Lot Size 7,505 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

Area 151 - N Redondo Bch/Villas North

Zoning RBR-3

Rooms

Ensuite Laundry Laundry Room

Interior

Laundry Location Laundry Room

Fireplace No

Laundry Laundry Room

Exterior

Garage Spaces 8.0

Garage Description 8.0

Pool None

Community Features Curbs

Total Parking Spaces 8

Private Pool No

Building

Lot Description 0-1 Unit/Acre

Story 2

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 4153030006

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Standard

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

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Nathan King Real Estate Group

Broker | License ID: 01878277

+1(559) 396-0000

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