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2701 Curtis Avenue, Redondo Beach CA 90278
2701 Curtis Avenue, Redondo Beach CA 90278
2701 Curtis Avenue, Redondo Beach CA 90278
2701 Curtis Avenue, Redondo Beach CA 90278
2701 Curtis Avenue, Redondo Beach CA 90278
2701 Curtis Avenue, Redondo Beach CA 90278
2701 Curtis Avenue, Redondo Beach CA 90278
2701 Curtis Avenue, Redondo Beach CA 90278
California>Redondo Beach>North Redondo Beach

2701 Curtis AvenueRedondo Beach, CA 90278

For Sale

$2,750,000

Smart Buyer Rebate $27,500

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.

Listed by Brett Lyon

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License #01717818

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Lyon Stahl Investment Real Estate, Inc.

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3107801899

Listed by Duncan Backus

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License #02090171

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Lyon Stahl Investment Real Estate, Inc.

Last updated February 04, 2025

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Source: CRMLS #SB24174441

Listing Facts

  • TypeMulti-family
  • NeighborhoodNorth Redondo Beach
  • Days on Prevu428

Amenities

  • Parking

Location

Mortgage Calculator

Listing History

01/07/2025
Status changed to Active
$2,750,000
12/03/2024
Status changed to In Contract
$2,750,000
10/02/2024
Price Decreased
$2,750,000
09/17/2024
Status changed to Active
$2,795,000
09/17/2024
Status changed to Removed from Feed
$2,795,000
08/22/2024
Listed by Lyon Stahl Investment Real Estate, Inc.
$2,795,000

Property Details for 2701 Curtis Avenue

Association

Amenities

  • Community Features: Curbs

Exterior

Construction

  • Number Of Units Total: 8
  • Property Attached: Yes
  • Stories Total: 2
  • Year Built: 1964
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Entry Location: First and second floor

Measurements

  • Building Area Total: 5,090
  • Building Area Units: Square Feet
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Acres: 0.17
  • Lot Size Area: 7,504
  • Lot Size Source: Assessor
  • Lot Size Square Feet: 7,504
  • Lot Size Units: Square Feet

Financial

Residential Income

  • Cap Rate: 4.45
  • Gross Income: $183,196.00
  • Operating Expense: $60,784.00

Taxes

  • Parcel Number: 4153030006

Other

Location

  • Tax Block: 8
  • Tax Lot: 6

Parking

Parking

  • Garage Spaces: 8
  • Garage: Yes
  • Parking Total: 8

Utilities

Equipment

  • Laundry Features: Laundry Room
  • Sewer: Public Sewer
  • Water Source: Public

Based on information from California Regional Multiple Listing Service, Inc. and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.