Listing provided courtesy of Brett Lyon of Lyon Stahl Investment Real Estate, Inc.. Last updated 2024-11-21 09:12:51.000000. Listing information © 2024 CRMLS.
Asking Price: $2,750,000
2701 Curtis, Redondo Beach CA 90278
Community: 151 - N Redondo Bch/Villas North
Status: Active
This Apartment property was built in 1964 and is priced at $2,750,000. Please see the additional details below.
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.
