Redondo Beach, CA 90278 2701 Curtis Avenue
$2,750,000
8 more
Presented By: Brett Lyon with Lyon Stahl Investment Real Estate, Inc.; 3107801899
Beds • 2
Baths • 1
SQFT • 5,090
Garage • 8
Home Details
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.
Presented By: Brett Lyon with Lyon Stahl Investment Real Estate, Inc.; 3107801899
Interior Features for 2701 Curtis Avenue
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsTwoCommonWallsOrMore
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesLaundryRoom
Total Stories2
Other Rooms
Entry Level1
General for 2701 Curtis Avenue
Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate4.45
Carport Y/NNo
CityRedondo Beach
Community FeaturesCurbs
CountyLos Angeles
Days on Market40
DirectionsCurtis & Inglewood Ave
Electric Expense0.0
Electric On Property Y/NNo
Entry LocationFirst and second floor
Fuel Expense0.0
Garage Spaces8.0
Garage Y/NYes
Gross Income183196.0
Home Owner AssocNo
Home Warranty Y/NNo
Insurance Expense5090.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Lot Size Square Feet7504.0
Lot Size UnitsSquareFeet
MLS Area151 - N Redondo Bch/Villas North
MobileHomeRemainsYNNo
Net Operating Income122412.0
New ConstructionNo
NumberOfUnitsTotal8
Operating Expense60784.0
Pool FeaturesNone
Private PoolNo
Property Sub Type AdditionalApartment
Property SubTypeApartment
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Tax Lot6
TermsCash, Conventional
Trash Expense0.0
View Y/NNo
Water Sewer Expense0.0
Waterfront Y/NNo
Year Built1964
Year Built SourcePublicRecords
ZoningRBR-3
Exterior for 2701 Curtis Avenue
Building Area Total5090.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesZeroToOneUnitAcre
Lot Size Acres0.1723
Lot Size Area7504.0
Lot Size SourceAssessor
Number of Buildings1
Number of Separate Electric Meters8
Number of Separate Gas Meters8
Number of Separate Water Meters1
Open Parking Y/NNo
SpaNo
Total Parking8.0
Water SourcePublic
Additional Details
Price History
Stephen Pliaconis
Pliaconis Realty Group REALTOR® DRE 02015480